Trend breakout using two Fractals indicator

Specification

The indicators are

1. Fractals

2. Support and Resistance

3. Zigzag


1. Allow close of candle at 6:30am Pacific Standard Time

2. Draw trend line from the top and bottom of the wick for the most recent two Fractals arrows. extending them forward from higher timeframe

3. Look for a break in either direction to determine whether to buy or sell after the closed of candle at 6:30am PST. 

4.   If there's an upward break, initiate a buy. from higher timeframe.

5.  Open two buys positions (Enter number of trade to open in input). With given lot sizes (enter in input) as lots size for buy 1 and buy 2.

6.  Set the stop loss as Fractal arrow appears from the lower timeframe

7.  Close buy 1 position when the zigzag arrow pops up immediately from the lower timeframe.

8.  Close buy 2 positions when price hits a resistance line from the lower timeframe.

9. Take Profit 1 and 2 with Stoploss are from lower timeframe (enter in input)

10. If opposite trade condition set, take trade and follow all the exit conditions. (Meaning opposite trades can run at the same time but each must follow their exit statement)

11.  Include trade direction as Buy only, Sell only and Both.


For SELL TRADE Apply opposite


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Project information

Budget
30+ USD
For the developer
27 USD
Deadline
to 2 day(s)