ust include the following:
2 Moving Averages with simple and exponential settings allowed
Stop Loss
Lot Factor
This will allow me to use the factor to allow the EA to automatically adjust the lot size.
Example: Lot factor of .0001 could give me a lot size of .01 if using a $100 account
ATR or Average True Range
ATR must work with Metatrader 4 Forex pairs, as well as stocks, metals, futures, ect… that are traded using Metatrader 4 with my brokers.
Break Even
Trailing stop loss
Here is a small list of which I am trading:
GBPUSD, NVDA, VOWG, NATGAS.f, AAPL, AMZN, FB, GOOG, NFLX, PFE, TSLA, WMT, ZM, IBE, ALVG
The ATR must be able to understand the difference between the different symbols and how to read the correct Average True Range.
Here are some examples:
GBPUSD If the ATR is 81, then the ATR indicator may show 0.0081
NATGAS.f If the ATR is 7, then the ATR indicator may show 0.0793
ALVG If the ATR is 30, then the ATR indicator may show 3.0821
IBE If the ATR is 2, then the ATR indicator may show 0.2114
TSLA If the ATR is 337, then the ATR indicator may show 33.7107
I think these should be enough examples to have you understand how I want the ATR to use as Averages.
I want to be able to control how many times to trade per day.
Place on the EA options “One Trade per Candle” True or False setting.
Explanation of how I want the EA to work:
I will use 100 pips as my charts average:
If the ATR indicator shows the average to be 100, I then want to have the EA to automatically divide 100 by 2.
This would equal 50 pips.
The EA will then place my stop loss at 50.
The EA will also place a break even at 50.
I then want to have the EA place a trailing stop once my break even has been placed.
The EA will take the 50 pips and divide that by 2, which equals 25 pips.
I want the EA to follow with the trailing by 25 pips until closed out at profit.
Side Note: it is imperative that the ATR indicator can read all the charts correctly in order to place my orders. Right now I am having to go into each trade and do change the stop loss, break even and the trailing stop loss by hand. It would be nice to have the EA do this automatically for me following the rules stated above.
Thank you for your time and patience.
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