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Specification
(4-7 days) I need a good coder with patience in case we need to further communicate, and also be able to communicate through skype in case of needing more info or pics. Skype ID: [deleted]
I want an EA built based on engulfing pattern with the following specifications:
1- 1-The EA will open a buy/sell trades when candle #2 engulf the O/C or H/L of previous candle #1 (based on O/C or H/L or both options to be able to choose).
2- 2- I want a FILTER based on crossing of 2 MAs or BB or no filter at all (Able to choose what I want). Meaning if I choose MAs as a filter the EA will be able to open a BUY trade only if the formation appears when #1 MA is crossed up another #2 MA. For SELL signals the engulfing formation should occur when for example a smoothed 55 MA is crossed bellow 200 exponential MA. The bearish engulfing formation does NOT have to be below the MAs, they can be above the MAs for sell entries, but the MAs have to be crossed down and vice versa for bullish.
3- 3- If I choose BB as a filter, then I want the EA to open a BUY trade when candle #1 or candle #2 are near or touches the lower band and vice versa for bearish signals.
4- 4- Entry condition: No need for a pending stop order. Once we meet the criteria above, we enter a BUY trade a # of pips above the high of the engulfing candle with adjustable # of pips that I can choose above the high. We enter A SELL trade a # of pips bellow the low of the engulfing candle with adjustable amount of pips (like for example 10 pips below the low for sell or 10 pips above the high of candle #2 for buy). If SL is hit, then look for new entry. ALSO OPEN new trades based on new opposite signals shown, only if they follow the criteria above. ALSO add to new positions if… ( explained below in 9)
5- 5- Closing Condition: Close the trade when SL, TP, or TS is hit. ALSO CLOSE if opposite signal is found following filter specifications.
6- 6-SL will be placed a # of pips above/below the higher/lower of previous candle #1, with option to choose how many pips and how many candles I can use for placing the SL. For example SL could be based on previous 5 candles, meaning the SL will be placed at # pips bellow or # of pips above the H/L of previous 5 candles, depending on what I choose. If I choose 10 pips and 4 previous candles, the SL for a SELL will be placed automatically above the high of the previous 4 candles + 10 pips and vice versa.
7- 7- Option to be able to use TP or not.
8- 8- Option to be able to choose how many trades be open at the same time
9- 9- TS will move the trade to BE at a given risk/reward ratio adjustable eg BE at 2:1. If the trade is at BE, then the EA can look for new formations and entries in the direction of the trend. (Adding only if in BE position). If I choose only 1 trade to be open at the same time, then no adding position will take place. I want to be able to change the TS settings in regards to the R/R ratio. E.g When a candle closes past 4:1 the TS will move to 2:1, then if the candle closes past 5:1 the TS will move to 3:1 …. So once the price closes past X:1 the TS will move to X:1, the X values being the variable I can change.
10- 10- Risk Management: I want to be able to choose how much of the account will be risked per trade (acc % per trade eg 0.5%, 1%....)
11- 11- Option to choose MIN/MAX size in pips of signal candle #2. Eg, MAX/MIN pips for candle #2.
12- 12- Be able to use the EA in all time frames, adapting it to new parameters (SL, TS, TP…) without altering the entry/closing rules and EA specifications. Be able to use The EA with multiple pairs in the same MT4 platform.
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