Job finished
Execution time 2 days
Feedback from employee
Great customer !
Specification
I
need an Expert Advisor that trades on daily pivot point levels. The
EA needs to place one pending sell stop and one buy stop order every
day based on a S1/R1 level.
At the end of the day if the pending
orders is not hit it will adjust to the next daily S1/R1
levels. The Stoploss is also a S1/R1 level and Takeprofit is S2/R2
level.
Lot size is percentage of risk based on the Stoploss and equity.
Pivot level calculation:
Pivot
point (PP)
= (High + Low + Close) / 3
First
level support and resistance:
First
resistance (R1)
= (2 x PP) – Low
First
support (S1)
= (2 x PP) – High
Second
level of support and resistance:
Second
resistance (R2)
= PP + (High – Low)
Second
support (S2)
= PP – (High – Low)
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