Prev day high and low indicator by Electrified EA

MQL4 Experts Forex

Specification


Prev day high and low indicator Profitable EA 

Please read everything before applying

Indicator: Prev day high and low indicator by Electrified on tradingview

Mentor: Wondafx on Youtube (https://www.youtube.com/channel/UC-10_EKxVcFXY58jPSsp9fQ)(watch all his videos if needed)

Watch this youtube video that explains how strategy works (https://www.youtube.com/watch?v=HHUXBjgrrxo)


Currency pairs: EURUSD, GBPUSD, USDCAD, AUDUSD and NZDUSD

New York Session (USA pairs)

Stop hunt green or red dotted lines: 7am to 10am est (new york)

Trades will only be executed from: 10am to 11:45am est (new york)


Criteria to enter

Three levels of rise and fall

Three candle formation (enter after the third candlestick formation)(see screenshot - black circle and enter at the next red candlestick)

Do not enter if price exceeds 100 pips from red or green dotted lines


Time frame: 15 min

1:2 risk to reward ratio

15 pip stop loss and 30 pip take profit


Risk management

Max 1 trade a day. Max 2 trades a week. Max 8 trades a month. (Less is more and ideally EA should place 4 to 5 trades a month).

Trade 1 candlestick after the red news on forex factory.



1. EA is based off of Wondafx strategy on YouTube. He was interviewed by FTMO. Please watch his YouTube videos.
2. EA MUST be profitable and backtested. The strategy is profitable. Do not apply for the job if you can’t code a profitable EA . You must show in an excel spreadsheet the profits each month from January to December (1 year). Do not make it confusing. Keep the EA simple.


For example - risking 5 percent per trade

Jan 30%

Feb 10%

March 20%

April - 5% (loss in April)





3.If the EA is up 20% risking 5% per trade it will stop trading for the month and move unto the next month. (It can be 20%, 10% or 30%…as long as it’s profitable for the month. Our goal is to compound and grow the account).

4.EA must select one currency pair out of (EURUSD, GBPUSD, USDCAD, NZDUSD, and AUDUSD) and trade. Only one currency pair will be traded that day. Sometimes the pairs move in the same direction. (Confluence). However we only need to pick one pair to trade for the day. We can risk 1% of the account or even 5% of the account.

5.If EA makes a profit for that week it will stop trading and continue trading the following week. If it ends up in a loss the EA can trade that week again to make up for the loss. (Max two trades a week).

6.EA has to remain confidential and do not disclose it or sell it

7. Source code must be provided




EA features 

Ea must include % of the account risked per trade (it can be 1%, 5% or even 10%)

EA will be ran using a VPS on Microsoft windows

EA must send mt4 push notifications if trade is entered 

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Project information

Budget
30 - 50 USD
Deadline
to 20 day(s)

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