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Rules
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Specification
Entry Triggers
There are 4 triggers. A buy/sell execution should only occur when all 4 triggers are present.
The first trigger is based on main market movement (MM = Main Market movement. [This is the main chart that shows the bullish and bearish candles]) and RSI differences. Under normal market conditions, the RSI and the main chart should agree on the strength/movement of the market. The trigger happens when RSI and MM disagree -> Ex: RSI up, MM down OR RSI down, MM up).
The second trigger is based on RSI alone. The RSI will determine if the transaction is a buy or a sell based on its own value. When RSI is 68 - 75: conduct a sell signal; When RSI is 32 - 25: conduct a buy signal.
The third trigger is based on 2.0 and 2.5 Bollinger Bands. (To help our communication, I will refer to the 2 Bollinger Bands at the top of the chart as positives and the ones at the bottom of the chart as negatives [+2.0 and +2.5; -2.0 and -2.5]) When the current MM reaches +2.0 or greater OR when the MM reaches -2.0 or less: third trigger is activated.
The fourth trigger is based on the minimum distance between +2.0 and -2.0 Bollinger Bands. If the minimum distance is ≥ 15 pips: fourth trigger is activated.
Exit Triggers
After a buy/sell execution is set in motion, the stop loss and the pip limit (Pip Limit: X number of pips reached by an order in the current minute chart until the program automatically ends the transaction and pulls out of the market) are the main things that will end a transaction/pull out of the market.
STOP LOSS
The stop loss will always be 10 pips. If the stop loss is achieved and/or exceeded, the program will automatically close the transaction that achieved/exceeded the stop loss.
PIP LIMIT
The pip limits are as follows for the minute charts: 1M Chart: 1 - 5 pips; 5M Chart: 5 - 10 pips; 15M Chart: 10 - 20 pips If the pip limit is achieved and/or exceeded, the program will automatically close the transaction that achieved/exceeded the pip limit.
INDEPENDENT TRANSACTIONS
Each transaction will end/start independently, and will not rely on another transaction to end/start.
Other Rules
Must work with FFCal-Headlines indicator and Game Of Forex template: The template uses a red and blue candle stick, a RSI indicator, a 2.0 and 2.5 Bollinger band indicator, and a Sentiment line (will provide and explain template if need be)
Lot size must be able to change automatically depending on the current funds available (Example -> Funds:Lot Size: $1,000:0.2; $2,000:0.4; etc) AND be adjusted manually from user input if requested by user input (user input will override lot size until the expert advisor is reset)
Stop Loss = 10 pips; always True
Must work with 1, 5, and 15 minute charts and must detect them automatically to change triggers accordingly, to the text above (See PIP LIMIT)
Automatic Buys/Sells (referred to as orders in this text document) will be made as frequent as possible as long as:
1. The 4 triggers are present
2. The order is not too frequent that it will crash the server it is running in (it is up to the programmer to see what this time should be)
Order(s) will be closed upon
A trigger is missing (not all 4 triggers are sending a signal)
45 minutes before, during, and after after The News (The News is headlines/announcements made by the terminal/application/MetaTrader website that affect normal market hours, functionality, and/or amount of users [programmer can ask about this if the explanation is confusing])
The network has disconnected the user from the terminal/market/expert advisor/MetaTrader 4 application
The required amount of pips has been successfully reached and/or exceeded by the current order in the current minute chart
Stop loss has been reached and/or exceeded
User has exited the program, removed/reset the expert advisor, logged out, and/or disconnected from the server