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Create EA based off profitable prev day high and low strategy

MQL5 Asesores Expertos

Tarea técnica

Hi,

I want you to create an EA based off prev high and low strategy by Wondafx (can search trader on youtube).

The EA must have a positive equity curve. Losing streaks are fine. But overall in a year it must be profitable. 


Indicator: prev day high and low from Electrified on Tradingview 


Strategy

Stop hunt dotted lines: 7am to 10am


Trading time: 9:45am to 10:45am (can trade up to 11:45am)(majority of winning trades happen around 10am)


Currency pairs: EURUSD, GBPUSD and AUDUSD


Time frame: 15 min


Max 2 trades a day, 1:2 risk reward ratio, and 15 pip stop loss


Criteria to entry: stop hunt above or below dotted red and green lines, three levels of rise and fall and

three candle formation


Trade one candlestick after red news (news at 10am - trade 10:15am)


100 pip max distance for entry (if price goes beyond that point..don't place trade)


EA can stop trading after 4 to 5 winning trades in that month


Identify:

1. Can ea take 10k to 100k risking 5 percent per trade?

2. How many consecutive losses will EA incur?

3. On average, how many trades per week and month? 

4. Is the EA profitable?

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