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Rules
Job finished
Specification
1. This robot will use EMA or MA or RSI to determine entry and exit points of trades and it will be built for MT5 trading platform.
2. It will also make use of the martingale technique (increasing lot sizes after each losing trade).
3. The EA will Buy and Sell (not one robot each for buying and another for selling)
4. It will work using the normal candlesticks chart and one indicator
a. So if it is placed on a candlestick chart of any timeframe, it will use the EMA or MA or RSI on that chart for trade entries and exits.
5. This robot will be able to work on stocks, forex, cryptocurrency, futures, commodities, etc
6. I will then select what I want the EA to do based on the value of the indicator selected.
a. The robot will work by comparing values of the indicator at the current candle (candle that has just closed) on whichever timeframe chart is being displayed, with the value of the indicator at the previous candle. Based on the difference, the robot will know which action (buy or sell) it will take at the open of the next candle.
b. There will be the following options:
i. Buy when indicator value at just closed candle is higher than the value at the previous candle. If this option is selected, it automatically means the reverse will be the case for Selling (sell when the indicator value at just closed candle is lower than the value at the previous candle)
ii. Buy when indicator value at just closed candle is lower than the value at the previous candle. If this option is selected, it automatically means the reverse will be the case for Selling (sell when the indicator value at just closed candle is higher than the value at the previous candle)
iii. The decision to buy or sell will be implemented at the open of the next candle
This will be a 3-candle play
More details will be provided to the short-listed candidates