EA base on parabolic sar and stochastic on 2 timeframes with breakout entry.

ALL picture attached for explanation

Indicators for the EA
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Parabolic Sar (psar): default setting.
Stochastic: 8:3:3 setting.

EA trade setup
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1. Parabolic Sar last closed bar must be in same direction on both 1hour and 15mins timeframe.
Example in picture 001

2. EA will check stochastic to be above 52 levels for sell and below 48 levels for buy on 15min tf.

3. We trade the break of the last LH (lower high candle) on 15mins tf for buy and break of the last HL (higher low candle) for sell. Check attached pictures to see what I mean by LH & HL

4. Buy pending placed 1.5pips plus spread above the LH

5. Sell pending placed 2pips (no spread) below HL

6. If market cannot place order due to close range of PA, EA should place market order (Instant execution) when PA break the signal candle.
Example in picture 002

NOTE:
All trades and condition are carried out on 15mins tf, except 1hr psar which is just for long term trend


BUY TRADE SIGNAL Example:
*1hr psar closed as uptrend
*15mins psar closed as uptrend
*stochastic is below on 48level on 15min time frame.
(NOTE: either of the 2lines of stoch cross below the 48levels is ok)
Example in picture 003

Opposite for sell.

EA physical features on chart
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EA should print entry points, tp and sl of all possible trade on the chart.
For up to 500 candle bars





EA user input parameters
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 ** Trading time filter **
Start trading: 02:30
Stop trading: 19:00
(All time setting should work as the broker’s platform server time)

 ** News filter **
Use news filter: false or true
Avoid news with impact: low, medium, high.
Stop EA before news: x minutes
Start EA after news: y minutes 

**Risk management** I should be able to input the risk % for each trade carried out by the EA.

Trade management
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The ea should have a parameter where I can input the risk %.
The risk % will determine the lot size in accordance with the stop loss used.

Risk % should work as 1:1 risk to reward. (SL = TP)

Assuming I have $100 in my account and there was a successful trade, ($5 profit by using 5% risk setting) the next trade lot size MUST be calculated base on my new equity ($105 compounding) but if the trade was a loss of $5 and I have a new equity of $95, the next trade should still maintain the initial lot size previously use.

Stop loss
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When placing a buy trade, the sl should be the signal psar on 15mins tf minus 2pips
When placing a sell trade, the sl should be the signal psar on 15mins tf plus 3pips
(see pic 005 for all stop loss explanation)

If sl is more than 30pips, ea should not trade

SL should be moved to BE (entry price) when PA moved by 70% of TP

Target Profit is equal Stop Loss.

NOTE
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SIGNAL CANDLE IS THE CANDLE THE COMES FIRST BEFORE THE BREAKOUT CANDLE WHEN THE ENTRY CONDITIONS ARE ALL MET. SEE PIC 002

AFTER A SIGNAL IS TRIGGERED, EITHER CLOSED OR RUNNING TRADE. EA SHOULD NOT PLACE ANY OTHER TRADE IF STOCH CROSS ABOVE 52 LEVEL AGAIN (buy example) SEE PIC 004.