Specification
DEVELOPMENT FOR MOMENTUM REVERSAL STRATEGY
TRADE MUST ONLY BE ACTIVATED WITHIN THE TRADE ZONE WHICH IS 40 PIPPETTE ABOVE THE LOW OF THE DAY
NO TRADE MUST BE TAKEN IF RSI/CCI CONFIRMS OVERSOLD/OVERBOUGHT CONDITION
CCI MAIN FUNCTION IS TO UPDATE THE TRADE ZONE AS IT REACTS FASTER THAN RSI
THE TREND LINES MUST NOT BE INFINITE, MUST NOT EXCEED THE DAY PERIOD
ADD INPUT OPTION TO ALLOW TRADER TUNE THE FOLLOWING
DISABLE TRADING AT A SPECIFIED TIME. START TIME AND STOP TIME
CHANGE TRADE ZONE VALUE (DEFAULT: 40 PIPPETTE)
SET STOP, TP AND LOT SIZE
ENSURE THE PROCESS LOOPS TO RE-CHECK THE INDICATORS AND ADJUST LOW/HIGH OF THE DAY BASED ON MOST RECENT MARKET CONDITIONS.
ENSURE THE SYSTEM RE-CHECKS THE TRADE ZONE IS CONSTANTLY UPDATED FOLLOWING LOW/HIGH OF THE DAY BASED ON MOST RECENT MARKET CONDITIONS.
ADD ONE STEP TRAILING STOP
ORDER UPDATE: WHEN A NEW DAILY HIGH OR LOW FORMS, CANCEL ANY EXISTING LIMIT ORDER AND PLACE A NEW ONE BASED ON THE UPDATED PRICE.
RE-ENTRY: AFTER A TRADE CLOSES, THE EA MUST WAIT FOR THE FULL SETUP SEQUENCE TO REOCCUR BEFORE OPENING A NEW POSITION.
MAX TRADES: ONLY ONE TRADE CAN BE OPEN AT A TIME.
TRADE ZONE: TRADES ARE RESTRICTED TO THE AREA BETWEEN THE DAILY HIGH/LOW AND 40 PIPETTES BELOW THE DAILY HIGH/LOW. ORDERS ACTIVATE ONLY IF PRICE IS WITHIN THIS RANGE AND STEP 3 CONDITIONS ARE MET.
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