AT REVERSALS X WADDAH ATTAR STRATEGY
Create an EA to run a strategy based on AT- Reversal indicator and Waddah Attar Explosion Indicator. When both indicators agree, defined by the criteria below, take a position in the appropriate direction.
STRATEGY
Entries: See below
Stop loss: Long = low of signal candle
Short = High of signal candle
Option to use AT Reversals arrow buffer value as stop loss also
Position size: default at 1%
Risk = R, R = difference between entry and stop loss
Take Profit = Multiple of R or pip value
EDITABLE INPUTS
Position size
Stop loss based on R, allow 1 decimal eg. 1.5, 2, 3.5
Use arrow buffer stop loss, just yes or no. (if using arrow buffer SL distance between entry and buffer value now becomes R)
Trailing stop loss using R multiple or pip amount
Option to set the sensitivity value of AT Reversals indicator within the EA settings
Option to edit all Waddah Attar setting from the EA except alerts, all alerts off
Option of aggressive or conservvative entries
ENTRIES
Two entry types:
Agressive using two Waddah Attar Bars
Conservative using three bars
Aggressive Entries
Long:
If Waddah Attar bar is red it must be smaller than the previous bar
If green it must be larger than the previous bar if the previous bar is green, if the previous bar is red it can be larger or smaller.
Short:
If Waddah Attar bar is green it must be smaller than the previous bar
If red it must be larger than the previous bar if the previous bar is red, if the previous bar is green it can be larger or smaller.
Conservative Entries
Long:
Blue up reversal arrow on AT Reversals indicator AND Waddah Attar Explosion must show one of the following;
Corresponding Waddah Attar bar to the reversal arrow must be red and smaller than previous bar which must also be smaller than bar before it.
RRR
Corresponding bar to the reversal arrow can be green, bigger or smaller than the previous bar which should be red and smaller than the previous bar before.
RRG
Corresponding bar to the reversal arrow can be green and bigger than the previous bar which is also green and can be bigger or smaller than the previous bar. All three bars are green.
GGG
Corresponding bar to reversal arrow can be green bigger than the previous green bar which is bigger than the previous red bar
RGG
Short entry would be the reverse of the 4 options above.
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