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Rules
Job finished
Specification
1) Money Management
1.01) Shut down all trading if equity loss exceeds *5%* (stop trading until its manual activated again and close all positions and an option for only closing losing positions)
1.02) shut down all trading if balance loss exceeds *5%* (stop trading until its manual activated again and close all positions and an option for only closing losing positions)
1.03) Entry with 50 pips stop loss
1.04) 2% capital risk pr position (so when it hits the stop loss 50 pips loss should be 2%)
1.05) When the position is green for more than 2 hours, move SL 1 pip above entry price.
1.06) Trailing stop loss 50 pips
1.07) prefixed take profit 1:5 risk or at a specific number 72.30
1.08) After each winning trade increase position size with 50% but still maximum 2% at risk
1.09) after each loosing trade decrease position size with 50% until the size is 0,2% risk
1.10) when the SL moves 1 point above entry it will be considered 0% risk
1.11) if it's not a winning position in 2 hours close it
1.12) only trade in timeframe 06:00 –20:00 gmt
1.13) no trading at a specific date example 20.jan.2018 - time frame 16:00 – 18:30
1.14) adjust stop loss based on ATR value if above 0,2 (atr value) = 50 pips sl entry, if below 0,2 = 40 pips sl entry based on data from candlestick chart 15 MIN
ALL FUNCTIONS, NUMBERS, TIMEFRAMES NEED TO HAVE ADJUSTABLE FUNCTION AND ENABLE/DISABLE
2) Entry rules
2.01) all entries are based on data both from Renko "15M 0.3" and Renko "3M 0.03
2.02) all buying can only happen if there's "1" closed green bar on Renko "15M 0.3", vice versa for selling/short (PLEASE NOTE 2.02 and 2.03 should could get combined so both need to be in check, but need option to work separated as well)
2.03) all buying can only happen if there's a closed bar above moving average 14, vice versa for selling/short (renko "15M" "0.3" price) (PLEASE NOTE 2.02 and 2.03 should could get combined so both need to be in check, but need option to work separated as well)
2.04) buying signal, so when condition from 2.02 - 2.03 are met, RENKO 3M 0.03 after a correction of more than "1bar" when the bars turn green again, after "2 green" buy (PLEASE NOTE 2.04 and 2.05 should could get combined so both need to be in check, but need option to work separated as well) vice versa for selling
2.05) Buying signal, condition 2.02 - 2.03 are met, and Renko "3M" "0.03" closes above "moving average 14" (PLEASE NOTE 2.04 and 2.05 should could get combined so both need to be in check, but need option to work separated as well)
2.06) Buy signal, double bottom / sell signal double top see att. picture for instructions renko 3M 0.03
2.07) Buy signal, reverse head and shoulder, sell signal head and shoulder, see at for instructions
2.08) Buy signal, when prices drop and raise again at the "top" at the previous move buy, vice versa for sell. See att for instructions.
2.09) I want some channel trading on renko settings
ALL FUNCTIONS, NUMBERS, TIMEFRAMES NEED TO HAVE ADJUSTABLE FUNCTION AND ENABLE/DISABLE
3) Exit
3.01) when risk reward hits 1:5 based on the FIRST set SL value leave the trade.
3.02) exit buy trade when closes below MA 14 RENKO 3M 0.03
3.03) exit buy trade when closes below MA 14 RENKO 15M 0.3
3.04) exit buy trade when 2 bars closes in sell direction REKNO 3M 0.03
3.05) exit buy trade when 2 bars closes in sell direction REKNO 15M 0.3
3.06) vice versa for exit selling trades
3.07) automatically close after 5 hours
3.08) prefixed TP for all trades
3.09) Trailing stop loss day 1 50 pips, day 2 100 pips, day 3 200 pips etc
ALL FUNCTIONS, NUMBERS, TIMEFRAMES NEED TO HAVE ADJUSTABLE FUNCTION AND ENABLE/DISABLE
4) general
4.01) Each trade should have a comment which indicates which parameter the trade opened on. Like "2.07 opened trade"
4.02) email me at veosnw.gmail.com each time at trade is closed are opened.
4.03) for backtesting quality should data be used from more than Renko charts.
