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Rules
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Specification
1. Description: I need an EA trading bot that will automatically execute orders using three indicators in relation to the rules I've developed.
Indicators: Linear Regression Line, Binary Coder, Heiken Ashi
2. Trade signals/Open:
Bullish execution: Once the Binary coder indicator presents and alert and it has to have a bullish Heiken Ashi with no downward candle wick.
Bearish Execution: Once the Binary coder indicator presents an alert and has to have a Heiken ashi candle with no upward wick.
3. Closing Positions:
Bullish Close: Anytime the Binary Code Indicator presents a Bearish Signal prior to Take Profit.
Bearish Close: Anytime the Binary Code Indicator presents a Bullish Signal prior to Take Profit.
Anytime the trade hits Take Profit Buy/Sell
Close by Take Profit: The take profit should be at a 1:4 ratio in relation to the Stop Loss
4. Stop Loss
Bullish: Stop Loss should be set below the recent Bearish Heiken Ashi candle.
Bearish: Stop Loss should be placed above the recent Bullish Heiken Ashi candle.
Anytime the Binary coder presents another alert following the execution the trade should immediately close.
5. Trade Management:
Each Trade should risk 2% of the account size at the time of execution.
At the time of execution the parameters for take profit and stop loss should be at a 1:4 ratio
Once the trade closes at 1.5% or greater the Stop Loss should be automatically moved to breakeven.
Anytime the Binary Coder show another alert following the execution of the trade the trade should immediately close.
6. Settings for the Indicators:
Binary Coder: Period should be set to 5
Linear Regression Line: Period should be set to 7
7. Additional
I would like to be able to manually move the Take Profit and Stop loss, at my convenience, once the trade has been executed.
I would like the Indicator to only operate between the hours of 6am and 12pm Monday-Friday.
If trade has already been executed and still active after 12pm it should still be active.
The Linear Regression Band MA is there for my personal preference so I can Manage the trade once placed
