An Expert Advisor based on the Candle's, ATR and Risk management.

Below are the high level requirements.

The idea of the trading EA is as follows:

Market entries are performed as per the below criteria(Overview):

- This basically needs to find the session range andhen the price breaks the session range and form the first candle outside the range needs to take the trade.

- Need to consider the ATR as well.

- Check the previous day ATR and overnight session range.

- Identifying the Risk : Basically I use the donchian challenge to basically find the previous high/low( when taking the "BUY" consider the recent low; when taking the 'SELL' consider the recent high) and calculate the number of pips

- Calculate the overnight range (ON) + 1 R ;

If (ON + 1R) < Previous day ATR then TRADABLE DAY

>= Previous day ATR then NOT A TRADABLE DAY.

- Also, there should be enough gap of at least 1.5R to 2R.

- Basically the overnight session + ( 1.5R or 2R )<= Previous day ATR; Need an option to input 1.5R or 2R

- Refer the attachment for the sample trade ; This illustrates the buy order ; similarly for hte sell order in the opposite way ( let me know if you need an example for the sell order as well)

- Trade Management :

- Risk always 1 R

- Move the stop loss to 0.5R when the trade hits the 1R.( Need to provide the option to input)

- Need to have the options to input the R's and the session time frame

- Need to have the options to input the markets etc.

- Lot size should be calculated on the risk factor.

Please do let me know if you need any other details or any other examples to illustrate the need?

INPUTS

I should be having the options to select to trade against london session or the U.S session

Should be able to input the specific related projects

Should be able to input the risk %

should be able to input to either 5 mins chart of 15 mins chart or 30 mins etc.

Should have an option ot trade in London or US session.

Should be able to select the fixed pips like 20 pips stop loss and 40 pips take profit.

Should have the options to input the R

Should be able to trade or disable during the News events; Basically needs to

Filter out the economic events; close the position before 5 mins close all the positions.

Interest Rates

Employment -

FOMC

CPI