Specification
I am new in trading and would a programmer to create an indicator for me with these specific instructions. 1. Trading Logic
- Supertrend Indicator:
- Inputs: ATR Period, ATR Multiplier, Timeframe.
- Signal is generated when the Supertrend line flips direction.
- Buy Condition:
- When price closes above the Supertrend line and the Supertrend flips from bearish (above price) to bullish (below price).
- EA opens a Buy order.
- Sell Condition:
- When price closes below the Supertrend line and the Supertrend flips from bullish (below price) to bearish (above price).
- EA opens a Sell order.
2. Position Management
- One Trade per Signal:
- No stacking of trades in the same direction.
- EA must wait until an opposite signal (or manual close) before opening a new trade.
- Exit Conditions:
- Default: Close trade when the opposite Supertrend signal appears.
- Option: Keep trade open but reverse position (close current and open opposite).
- Stop Loss / Take Profit Options:
- Use Supertrend line as stop-loss (default).
- OR fixed SL/TP in points (configurable).
- OR trailing stop (optional, based on indicator or points).
3. Filters (Inputs)
- Timeframe Filter – option to choose a higher timeframe Supertrend for confirmation.
- Trade Direction Filter – allow only longs, only shorts, or both.
- Spread Filter – don’t trade if spread > X points.
- Trading Hours – allow trading only between set times (e.g., London/NY sessions).
4. Risk Management
- Lot Size Options:
- Fixed Lot (user-defined).
- Risk % per trade (lot calculated from SL distance and account balance).
- Max Open Trades: integer limit (default = 1).
- Max Daily Loss %: stop trading if exceeded.
5. Inputs Summary
- Indicator Settings
- ATR Period
- ATR Multiplier
- Applied Timeframe
- Trade Settings
- LotSize (fixed) or Risk %
- StopLoss mode (Supertrend line / fixed points / none)
- TakeProfit mode (fixed points / none)
- TrailingStop (on/off, method: points or Supertrend)
- BreakEven (optional)
- Filters
- Trade Direction (Buy/Sell/Both)
- Time Filter (start hour – end hour)
- Spread Filter (max points)
- Magic Number / Comment
6. Error Handling
- Ensure SL/TP respect broker’s StopLevel and minimum distances.
- Check for trade duplication (avoid sending multiple orders on one signal).
- Log clear messages for entries, exits, and errors
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