Price-based logic to be programmed

I consider that it's crucial to clearly and thoroughly define the requirements. Here comes a preliminary insight into the steps and considerations that can assist in programming the trading robot.

1. Introduction

• It is a price based idea backed up by mathematics and money management following a martingale logic. Strategy shall be used on major fx pairs and liquid futures. 

2. Description of Trading Strategy

• Change of price will trigger position opening with predefined SL and TP levels.

3. Risk Management

• This will be a high risk strategy but position sizes should be scalable and should be given as a percentage of the portfolio rounded to 0,1 Lots.

• Position opening via limit orders. Entry levels will be predefined. Exit levels are defined in pips from entry. 

5. Trading Conditions

•  operating only during certain trading hours. 

6. Testing

• the robot must be tested on historical data and a demo account. MT will run on Mac OS.

7. Documentation

• A detailed documentation on the robot's operation, settings, and maintenance will be requested when the job is done.

8. Communication and Reporting

• The programmer should discuss on a weekly basis on progress.