Job finished
Execution time 62 days
Feedback from employee
Excellent customer
Specification
The EA I'm ordering is a scalping system working on index CFDs (CAC40, DAX30, DOW, etc…). This strategy is based on the rebound on some price levels : for instance when the Dow Jones reached 22000 points, there was a rebound once it hit this price. The goal is to take a buy order when the price hit one of these levels and taking a few points with the rebound.
Trading filters :
News filter, with the possibility to disable trading a few minutes before and after the news.
Spread filter (disabling trading if spread > value).
Autolot size option, and the possibility to switch between fixed lot size and autolot in the options.
If open position : no new order.
When to take an order :
1st condition : RSI >30 and <70. The use of the RSI is to check if we are oversold or not. These values should me available in the settings and there should be a true/false option to disable the RSI filter.
2nd condition : If current price is equal to a significant price level, then trigger a buy or sell market order.
What is a significant price level?
It's when the price ends in certain digits like XX50.00 or XX00.00. There should be the possibility in the settings to add 10 different price levels which will trigger a buy or sell market order when the price crosses this level.
It should only consider the last digits of a price, and not the whole price. For example, I want to be able to enter “250.00” in the settings and whenever the DAX index has a price like 11250.00 or 10250.00 it would trigger an order if other conditions are fulfilled.
3rd condition :
If the significant price level has already been crossed one or several times during the last X bars, then do not trigger the trade. (ex : if x = 5 and the 1st,2nd,3rd,4th or 5th bar behind actual price has crossed a significant price level, then do not trigger an order) There should be a parameter to change the number of bars in the settings.
Buy or sell order :
If the price is crossing from bottom to top of a significant price level : market sell order
If the price crossing from top to bottom of a significant price level : market buy order
TP/SL : These values should be updated in the settings.
If you have any questions or want to clarify any element, please let me know.
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