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I want to create an EA that can take bids according to information of a logic I have developed to give indication of a BUY or SELL opportunity. The EA will then be able to activate the BUY at the lowest possible position once the indicator clears it for a BUY and take bid upwards or identify the highest point and clears it for a SELL and take bids downwards.
As you can see from example of JULY 2024 data to see how the indicator conditions determine the direction and then EA should be able to take the bids accurately and also be able to manage the bids for optimization of the profit. So that current profits will not reverse to losses.
The Column includes Highest. Lowest, Current Prices and finally the DECISION (for the EA to start executing bids. The decision consists of BUY, SELL and WATCH condition.
BUY means price is Going upwards, and EA should activate bids from the price immediately and track it upwards until it reaches the extreme or tries to reverse. EA will also take multiple bids within a range from the start of the Decision to a determined safe level that will be indicated as a distance in price value
From the example below of the real time prices in JULY 2024, you can see the Prices when the decisions activated and the price of the Extreme HIGHEST/ LOWEST at the end of the period.
SELL means price is Going downwards, and EA should activate bids from the price immediately and track it downwards until it reaches the extreme or tries to reverse. EA will also take multiple bids within a range from the start of the Decision to a determined safe level that will be indicated as a distance in price value
EXAMPLE
So once the new decision signal appears and is confirmed by a candle close of previous candle in that it identifies the extreme candle position at the time to mark the beginning of the bids and to know the worst case position to reverse. However, the middle price is average of the Highest and Lowest price can serve as a changing point or a distance from the middle line to the extreme will serve as the bid range after which it will stop taking new bids when the range has been achieved. So for AUDJPY for example, if the Bid range is 2 and BUY starts at 107.3 and is confirmed by the previous candle for the lowest point of the candle, it then begins to BUY upwards continually until the Highest of the candles doesn’t go above the previous candle.
Same condition will apply to SELL by taking bids downwards when the next candle is lower than the previous one after the decision has activated a SELL.
So For BUY it activated at 107.3 and will BUY till 109.3 (ie 107.3+2). Same with the SELL started at 107.3 on the 11th and will sell down to 105.3. and only close when the trend stops using the candle movement. It can however reenter again at the Highest point of the candle for a new SELL or the lowest point of the candle for a new BUY.
Multiple trades will be opened and risk and returns will be set to be managed effectively with automated close of profits before reversal, as well as reentry of new bids accordingly.
EA will indicate on the screen the following information.
Highest price with date and time
Lowest price with date and time
Average price) (medium of Highest and Lowest prices)
Market position (BUY/SELL) using the parameters
Start(first) price of first trade/bid for BUY/SELL
First Extreme. If time of Highest price is after Lowest Price, then LOW, else HIGH
Trend Direction- If First Extreme is LOW, then BUY, else SELL
Additional Parameters:
● Start Lot Size - 0.01 by default
● Move Lot Size - 0.01 by default
● TakeProfit - 0 by default. If 0 - off
● StopLoss- 0 by default. If 0 - off
● Start High
● Start Low
● Gap (price)
● Move Price DIstance
● Use Alerts - true/false
IMPORTANT
Only Serious and immediately available developers should apply
EA will be tested in real time for up to 2 weeks to confirm first review
Their will still be up to 2 Months post revision in case there is any issue on the EA
Source code will be delivered after project.