Project Description Document

BOMBOTIC (EA)

• To open trade (long and short), ALL OPEN trade settings must be true.
• To close a trade ONLY 1 SINGLE setting must be true.

ADJUSTABLE PARAMETERS

The parameters you will be able to adjust with the cBot are listed below:

1.     Symbol (default USDJPY)

2.     Lot Size (default 1000)

3.     Timeframe (default 15 minutes)

4.     Long Trades (Yes)

5.     Short Trade (Yes)

INDICATORS

List all the indicators to be used below.

·         Ichimoku Kinko Hyo (Senkou Span A and Senkou Span B only )

Settings of Ichimoku Kinko Hyo;

Tenkan Sen Period = 9

Senkou Span B period = 52

Kijun Sen Periods = 26

Long Trades

Opening a Position

All the signals below must be true to open a long position.

●        Price must cross and close above the Senkou Span B.

Closing a Position

Close long as soon as 1 of these signals happen; no matter which one the trade will close.

●        Price crosses and closes below the Senkou Span B.

●        Take profit  

a.      Set at Senkou Span A level at the time of opening position.  

Test-Case

https://www.mql5.com/en/charts/14800386/eurusd-m15-metaquotes-software-corp an example of a long trade.

Short Trades

Opening a Position

All the signals below must be true to open a short position.

●        Price crosses and closes below Senkou Span A.

Closing a Position

Close long as soon as 1 of these signals happen; no matter which one the trade will close.

●        Prices crosses and closes above Senkou Span A.

●        Take profit

b.    Set at Senkou Span B level at the time of opening position. 

Test-Case

https://www.mql5.com/en/charts/14800348/eurusd-m15-metaquotes-software-corp an example of a short trade.

Additional Trade Rules

·         Trading system must be activated in the London session (7 am to 4 pm) only.

·         Once a trade is entered 15 minutes before shut off time, the shut off time is extended to 6 pm.

·         cBot must still be running even when the screen sleeps.