Good day everyone, i want an mt4 EA to be made from fractals indicator.
To open a buy signal: EA to open buy anytime candle 1 closes ABOVE THE LAST UP FRACTAL. This last up fractal can be above any previously closed candle. It can be Candle2, or candle3 or candle4 or candle 100. So far, the candle is the candle with the LAST UP FRACTAL.
To open Sell: EA is to open a sell signal anytime candle1 closed BELOW THE LAST DOWN FRACTAL. This last down fractal can be below any previously closed candle. It can be candle1, or candle2 or candle3 or candle 100. So far, its the candle with the lAST DOWN FRACTAL.
TO CLOSE BUY POSITION: The signal is expected to make profit of at least 20 pips. If it reverses more than 30 pips, EA should close the trade
TO CLOSE SELL POSITION: The signal is expected to make 20 pips profit also. Stop loss is also 30 pips.
The input tabs must include adjustable TP tab, SL tab, magic number, push notifications, alert, send email, etc
Furthermore, the EA is expected to open one more position anytime it makes a profit of 10 pips.
The EA is to move SL to entry once it reaches 20 pips profit, this is in case price will move furthermore into profit.
This Indicator is based on the True Range which is the maximum of (High - Low), Abs(High - Close) and Abs(Low - Close), with Abs being mathematical absolute. In order to get the first data, it calculates the true range value for a number of bars (which is the input Length) and then calculates the SMA of these values (which is the sum of all these values by the Length - a simple average). This average is set as
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