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I came across the source code which will be the basis for this expert advisor on YouTube but I would like to add some additional functions to how it operates (TDI shark fins), trade management and also money management. This EA will be used only on US30 on the 1min chart. The account currency will be GBP.
1. I would like this EA to place stop orders once the RSI on the TDI has broke outside the volatility band and a candle closes outside the Bollinger bands then a candle closing inside the Bollinger bands and the RSI on the TDI crossing back inside the volatility bands. ( Just like the source code I will provide but with the addition of the TDI filter)
2. The trend direction will be determined using EMA's. if the 8 is above the 21 it will look for buys and if the 8 is below the 21 it will look for sells. I would like the chart timeframe for this to be 15min as standard but it's to have an input so you can change between the 15min, hourly etc.
3. I would like to keep the SL the same as the source code which will be using standard deviations of the Bollinger bands (1.0 as standard) also having this as an input so it can be altered in the settings
4. For the TP I would like it to be based on RR which will be 2 as standard but the option to change it via the settings
5. I would like an input for risk management which will be based on a % of the account balance (1% as standard)
6. For trade management I would like it to move the SL to breakeven based on RR with an input to change what at what RR it gets triggered ( I would like breakeven to secure 5% of the risk value)
Here is the link for the original source code
201206_bollinger_band_ea/BBandReentry.mq4 at main · OrchardForexTutorials/201206_bollinger_band_ea · GitHubThe settings for the TDI are standard except for the period settings which will be 14 and I would like inputs for these also so they can be altered if needs be.
Thank you in advance