Specification
Synopsis: The EA scans the markets to alert/open trades on symbols which meet the following Candle criterias Doji, Falling/Rising Hammer, Candle Reversal.
EA Input;
<<GENERAL>>
·
Mode: (Long | Short |
Alert Long | Alert Short )
·
Alert email (Y|N)
·
Alert Push (Y|N)
·
Lot Size
·
Magic Number
·
Market Selection
o Market watch -- EA scans all symbols in my market watch list for all symbols meeting the trade entry requirements
o Predefined list -- EA scans all symbols within the pre-defined list of instruments in the 'User defined list' box below for symbols matching the EA entry requirement
o Open Trades -- EA scans all symbols currently opened or closed within a given period as specified under 'EA Close Period'
·
User defined list --
The input here will be the name of a '*.set' file within the data folder. The
*.set file will have a list of the symbols which the EA will scan if
'Pre-defined list' is the input under 'Market'
·
EA Close Period (s)
·
EA Refresh rate (s) --
Defines how often in seconds the EA will refresh itself, so it isn't constantly
running at each tick
<<REVERSAL>>
·
R-Mode (On | Off ) -
If on, look for trades meeting the reversal criteria.
·
Time-Frame (1minute -
1month)
·
Pre-Bars -- Number
of consecutive bars moving against the direction of trade (See above
'General:Mode' setting for EA direction of trade)
·
Post-Bars -- Number
of consecutive reversal bars to evaluate (These bars which will follow the
Pre-Bars above) but will move in the direction of trade
·
Candle Engulfing % -
(0 - 200%)
·
Candle Period -
Current candle, last candle.
-- The idea here is to look for a trade reversal, so if 'PreBars = 2', PostBars - 2, Candle Engulfing % - 100%', Candle Period (Current Candle) and the General EA Mode is Long, the EA will look for a situation where the current either one or two consecutive long bar is currently past 100% of the full range of the last 2 short bars.
<<DOJI STAR>>
·
D-Mode (On | Off ) - If on, look for trades meeting
the Doji candle criteria.
·
Timeframe (1minute -
1month)
·
Body %
·
Candle Period (Current
| Last)
-- The idea here is to look for trades meeting the Doji candle criteria. It is agnostic of the General EA Mode so if the mode is long and this criteria is met simply enter long, if short simply enter short trade. Example Body % (5%) and candle period (Last), The EA looks for trades where the body of the last candle is 5% of the full range of the candle.
<<HAMMER>>
·
F-Mode (On/Off)
·
Shadow (%)
-- If EA mode is Long, this will be the % of the lower Shadow of the candle and if the EA mode is short this will be the % of the higher shadow of the candle, in comparison with the full length of the candle.
·
Candle Range --
Number of previous candles over which
the height of the candle (For falling hammer) or the bottom of the candle (for
Rising hammer) should supersede. e.g. if set to 5, and the EA mode is short,
the height of the current candle would be above the 5 previous candles.
·
Period
·
Timeframe (1minute -
1month)
Note: The 3 different patterns work independently of each other, so once you've completed one and you've tested to make sure it works, send to my to begin prorotyping so to quicken the job turn around.