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Execution time 17 days
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I am looking for an EA based on Point & Figure Chart (The developer must be very confident with the Point & Figure chart).
Input:
- Box side % of the price [%]
- Number of Box to get Reversal (new Column) [N]
- lot size
Once the EA is attached to a Chart we are flat (no position open).
At beginning (when the EA start) the reference price is the last price. From the reference price we start to draw the Point and Figure chart (with the input insert).
When the first column is drawn we enter into the market at the market price: Long if we have [N] point; short if we have [N] figure.
When a new column is draw we close the position open and we reverse it : if we are long we go short and vice versa.
Here attached there is an example with reverse box = 1 (size box 20 point-> (20/10700)*100 = (0.2%))
The Red box we go short because is the beginning of a new point column; at the green box we go long because is the beginning of a new figure column.
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