Doji trade confirmation method to be used on DP & Or Fib Lvls
Option to set Market Condition Filter
-Take Counter Trend trades
- Take Trend Trades
Trend is to be defined using TMA slop
Trade size rule
traded lots = free margin / 3000 (must be able to change figure)
Or traded lots = set lot amount
Max trade setting
max trades with one symbol setting ie USD only to be used in 1 live trade
Code is to be clearly commented.
Option to set minimum ATR to allow trades (TRUE FALSE OPTION)
Option to limit amount of trend trades (zero is unlimited)
or counter trend trades (zero is unlimited)
Market Condition ie Trending, Ranging, Entering Range, Exiting range, critical news approaching should all be graphically represented on the charts.
same graphical representation of each market condition is to be used in the matrix.
Relative comments should be used on all trades so we can understand where they are coming from.
zones
-Daily pivot point S/R Zones 2 and above - true/false option
- Fib zones on/off option - true/false option
Using Fib levels 4-5
Signal to buy
HIGH CLOSE DOJI
The bullish trigger is the high close doji.
Basically, wait for a doji. Then, look out for a candlestick to
close above the high of that doji. That is our signal to buy.
Signal to sell
LOW CLOSE DOJI
The low close doji is the bearish version. Similarly, wait for a
doji. But in this case, we are looking out for a candlestick that
closes below the low of the doji to give us the sell signal.
TRADING RULES – CANDLESTICK AND PIVOT POINT
LONG TRADING STRATEGY
Doji at a support level
Buy on close of high close doji
SHORT TRADING STRATEGY
Doji at a resistance level
Sell on close of low close doji
refer here for examples
http://www.tradingsetupsreview.com/candlestick-pivot-point-day-
trading-strategy/
Indy setup
-AnAlert: add true if you want to alerted when new doji appeared
-indy is draw buy/sell arrow (one unique to fib) one unique to pivot level)
-assign trade commend advising of entry condition met ie DPR Lvl 2 Sell
-take screenshot of each trade taken
Trade Exit Settings
SL
TP
Or option use a jump stop at previous fib level
Or option to disable trade exit settings so i can use another EA for managing existing trades.
+ add in what ever code you also have in your library in improve on exist strategy
Trade time manager needed
Critical news filter
Lets say we have a open trade on EUR/USD and a critical news release is about to take place in 2 hours.
When we get to 1 hr of news either close trade IF in profit at the time.
OR IF in a negative position take on 1 - 1 Hedge to protect current position.
2 Hours after critical news has taken place TMA needs to be checked to review condition of current market.
IF market is Trending Down - increase Sell position and close both trades at BE
If market is Trending Up - increase Buy Position and close bother trades at BE
If Market is ranging ( defined by the TMA SLOPE as between > -0.4 to < 0.4) leave current position
Once market starts trending - increase position in direction of the markets current trend and close trades at BE.
Approaching Critical news
-No new trades are to take place within hour either side of critical news release unless it is the hedge being put in place to protect position 1 hour prior to a news event.
-Option to not trade X amount of hours either side of news release.
End of day all non filled pending trades are to be automatically deleted!