Specification
Strategy Overview:
- The EA uses a multi-timeframe approach based on the Moving Average Convergence Divergence (MACD) indicator.
- The EA will analyze MACD on the following timeframes: M1, M5, M15, M30, and H1.
- A buy signal is generated if the MACD on all these timeframes is above zero.
- A sell signal is generated if the MACD on all these timeframes is below zero.
- Only one trade should be opened per signal.
Trade Entry and Exit:
-
Single Trade Per Signal: The EA should open only one trade per signal. After a trade is closed (either by stop-loss or take-profit), the EA should wait for a fresh signal (MACD crossing zero on all timeframes again) to enter a new trade.
-
Stop-Loss and Take-Profit: The EA will use a fixed 1:10 risk-to-reward ratio:
- Stop-Loss (SL): Default SL is set at 20 pips.
- Take-Profit (TP): Default TP is set at 200 pips.
-
Lot Size:
- Manual or Automatic:
- Manual: The user can set the lot size manually.
- Automatic: The EA will automatically calculate the lot size based on the SL distance and account balance to risk the entire balance in one trade.
- Example: If SL is 20 pips and the balance is $100, the EA will calculate the lot size to ensure a $100 loss if SL is reached.
- Manual or Automatic:
Account and Risk Management:
- The EA is designed for a "one-shot" strategy:
- The process begins with an initial deposit of $100, which will be used to place an all-in trade.
- If the trade is successful (hits TP), the balance should grow to approximately $1,000.
- If the trade hits SL, the EA should stop trading, and I will manually redeposit $100 and re-enable the EA to repeat the process.
- Once the balance reaches $1,000, the target will shift to $10,000. With only two successful trades, $100 can potentially grow to $10,000.
On-Screen Display of Conditions (Table Format):
-
The EA should display a table on the screen, showing the current MACD condition for each timeframe (M1, M5, M15, M30, H1).
-
The table example:
Timeframe Condition M1 ⬆️ (Green Arrow if MACD above 0) M5 ⬆️ M15 ⬇️ (Red Arrow if MACD below 0) M30 ⬇️ H1 ⬇️ -
This table will provide a clear, at-a-glance view of the alignment across all timeframes, making it easy to monitor the conditions before a trade is triggered
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Deadline
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