Job finished
Specification
· Settings Inputs
o Currencies pairs to be used.
o Fixed or auto lot calculation.
o Fixed lot value.
o Auto lot calculation method (equity or balance).
o Risk percentage per trade (1%, 2%, 3%, 4%, 5%).
o Risk: Reward Ratio: low (1:1), mid (1:1.5) and high (1:2)
o Max trades at same time(variable)
o Trading hours start(GMT) (variables)
o Trading hours’ end(GMT) (variables)
o Magic number
· Timeframe:
o 15 MIN (Execution TF) / H1 (confirming TF)
o Entry Rules for Buy signal
§ Both 15 MIN TF and H1 must be trending up.
§ If trending up, three moving averages must be as the following on both 15 MIN & H1 TF.
· 18 EMA above 50 EMA above 200 SMA (15 MIN TF & H1 TF).
· Current Swing high (is higher than) previous Swing high (15 MIN TF).
· Current Swing low (is higher than) previous Swing low. (15 MIN TF).
· For going Long on uptrend, we want to see the Current Swing low is at reliable support ( 18 EMA or 50 EMA) AND ( Fibonacci level 38.2% or 50% or 61.8%)
· When the candle reaches the reliable support, place (Buy Stop) 1 pip above the high of the candle.
· Stop loss is (1.5x ATR & not less than 8 pips) and Take profit is (based on the calculated risk (low, mid or high)) and breakeven start after (1.5x ATR) and 2 pips above entry.
· Delete the pending order if it exceeds 3 candles.
o Entry Rules for Sell signal
§ Both 15 MIN TF and H1 must be trending down.
§ If trending down, three moving averages must be as the following on both 15 MIN & H1 TF.
· 18 EMA below 50 EMA below 200 SMA (15 MIN TF & H1 TF).
· Current Swing high (is lower than) previous Swing high (15 MIN TF).
· Current Swing low (is lower than) previous Swing low. (15 MIN TF).
· For going Short on downtrend, we want to see the Current Swing high is at reliable resistance ( 18 EMA or 50 EMA) AND ( Fibonacci level 38.2% or 50% or 61.8%)
· When the candle reaches the reliable resistance, place (Sell Stop) 1 pip below the low of the candle.
· Stop loss is (1.5x ATR & not less than 8 pips) and Take profit is (based on the calculated risk (low, mid or high)) and breakeven start after (1.5x ATR) and 2 pips below entry.
· Delete the pending order if it exceeds 3 candles.
· The GUI should show the statistics done by the EA.
· Number of trades, win%, breakeven %, lose %.
· The EA should run on one Chart only, while running multiple pairs.
· During testing of EA, I should show the Fibonacci drawing and Moving averages.