Gideon Abochie
Gideon Abochie
Gideon Abochie
Gideon Abochie
How do I describe my trading strategy to a programmer to help them create an expert advisor trading bot for me?

Give me an example for an ichimoku trading bot for vix75 synthetic indices that trades on 5 minute timeframe and 15 minute timeframe with a minimum equity of 100 dollars.
Gideon Abochie
Gideon Abochie 2022.12.24
o describe your trading strategy to a programmer to help them create an expert advisor (EA) trading bot for you, you will need to provide specific details about how you want the EA to make trades. Here is an example of what you might include in your description for an Ichimoku trading bot for VIX75 synthetic indices that trades on both 5-minute and 15-minute timeframes with a minimum equity of $100: Entry criteria: The EA should enter a long position when the conversion line (tenkan-sen) crosses above the base line (kijun-sen) on the 5-minute chart, and the conversion line on the 15-minute chart is above the base line and the leading span A (senkou span A) is above the leading span B (senkou span B). The EA should enter a short position when the opposite conditions are met. Exit criteria: The EA should exit a long position when the conversion line crosses below the base line on the 5-minute chart, and the conversion line on the 15-minute chart is below the base line and the leading span A is below the leading span B. The EA should exit a short position when the opposite conditions are met. Risk management: The EA should not enter a trade if the equity falls below $100. The EA should use a fixed stop loss of 50 pips and a trailing stop of 25 pips to manage risk. Money management: The EA should use a fixed fractional money management system, with a risk of 2% of the equity per trade. Other considerations: The EA should have the ability to turn on or off the trading on the 5-minute and 15-minute timeframes separately, as well as the ability to adjust the risk and money management parameters. It's important to be as detailed as possible in describing your trading strategy to the programmer to ensure that the EA they create accurately reflects your desired trading approach.
Gideon Abochie
Gideon Abochie
What other indicators can complement the effectiveness of ichimoku and how should it be used with ichimoku?
Gideon Abochie
Gideon Abochie 2022.12.24
The Ichimoku Kinko Hyo is a technical analysis indicator that can be used to identify trends, support and resistance levels, and potential trade entry and exit points. It consists of five lines that are plotted on a chart: the tenkan-sen, the kijun-sen, the senkou span A, the senkou span B, and the chikou span. There are many other technical analysis indicators that can be used in combination with the Ichimoku Kinko Hyo to provide additional insights and confirm trends or potential trade signals. Some common indicators that may be used in combination with Ichimoku include: Moving averages: Moving averages are a popular trend-following indicator that can help to identify the direction of the trend and smooth out price fluctuations. They can be used to confirm the direction of the trend indicated by the Ichimoku Kinko Hyo. Oscillators: Oscillators, such as the relative strength index (RSI) and the stochastic oscillator, are technical indicators that oscillate between two values, usually 0 and 100. They can be used to identify overbought and oversold conditions and potential trend reversals. Volume: Volume is a measure of the number of trades that have occurred in a particular security or market. It can be used to confirm the strength of a trend or to identify potential trend reversals. It is important to keep in mind that no single indicator is a perfect tool for predicting market movements, and it is important to use a variety of indicators and tools to help inform your trading decisions. It is also important to consider the specific characteristics of the market you are trading and to choose indicators that are appropriate for that market.
Gideon Abochie
Added topic Decribing Your Strategy for EA Programmer-Pseudocode For Expert Advisor Coders
So I was wondering... If I have a profitable strategy, how do I describe the strategy step by step process-methodology in very clear words for the expert advisor to code the EA precisely
Gideon Abochie
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