Specification
1. The idea of the trading system is as follows: market entries are performed when 2 EMA crossover with trigger signal from either a Bullish or Bearish Candlestick Pattern (to be determined) that follows the higher time frame trend direction. User should be able to define the lower and higher time frame with two different input options.
2. Trend is determined based on the Exponential Moving Average with the specified period. If the current EMA value is greater than the previous one, the trend is seen as growing (ema_current > ema_previous). Alternatively, if current EMA is below the previous one, the trend is considered to be falling (ema_current< ema_previous).
3. ATR Indicator to determine the SL and TP distance.
4. EA to calculate TP base on Risk (SL) i.e Reward Factor X R = TP. Example Reward Factor is 1.4 and SL is 30 pip, TP Target will be 1.4 X30 = 42 pips.
5. Position sizing based on % of equity to be define by user.
6. There are a few more specific EA management rules which will be shared with you if you are chosen to participate in creating this EA.
I look forward to hear from you.
Cheers !