CAPSTONE EA

CAPSTONE EA

We are in need of an experienced programmer that could help us create Forex Expert Advisor.

SPECIFIC REQUIREMENT: Draw two horizontal line at the high and low of the 6th and 7th candle from the day session line using the one hour chat.

ENTRY CONDITION ONE: The EA should wait for the break of the upper or lower horizontal line by 2 pips.

i.                    BUY ENTRY: If the break of the horizontal line is to the upside, the EA should enter a buy.

ii.                 SELL ENTRY: If the break of the horizontal line is to the downside, the EA should enter a sell.

ENTRY CONDITION TWO:

i.                    In the event that a buy is stopped the EA should renter a sell at the lower horizontal line (no longer 2 pips below).

ii.                 In the event that a sell is stopped the EA should renter a buy at the upper horizontal line (no longer 2 pips above).

 ENTRY CONDITION THREE:

i.                    BUY ENTRY: If a sell trade reaches 15 pips from the lower horizontal line, the EA should place a pending buy order at that lower horizontal line.

ii.                 SELL ENTRY: if a buy trade reaches 15 pips from the upper horizontal line, the EA should place a pending sell order at that upper horizontal line.

NB: If these buy or sell entry is stopped the EA should not renter any new trade till the next day.

MANAGING OPEN POSITION

i.                    Every entered trade should have 50 pips profit target.

ii.                 The stop loss of a buy or sell entry should be at the lower horizontal line or the upper horizontal line respectively. The exception to this is if the width between the horizontal lines is below 10 pips. Which in this scenario the stop loss will be 10 pips.

iii.               If the buy or sell trade reaches 20 pips, the EA should close 80% of profit, delete all pending orders, and allow the remaining 20% to run.

iv.               If the trade reaches 35 pips in profit the EA should trail stop to 20 pips.

v.                  If the trade reaches 40 pips in profit the EA should trail stop to 25 pips.

vi.               If the trade reaches 45 pips in profit the EA should trail stop to 30 pips.

FILTERS:    

i.                    Currency pair should be GBPUSD only.

ii.                 Once any trade reaches 20 pips EA should not enter any other trade for that day, except a running trade.

iii.               Maximum profit for a trade should be 50 pips.

iv.               Maximum drawdown is determined by 4 trades stopping in a day. Immediately this happens, no more new trade entry for the day.

v.                  LOT SIZE: EA should risk 10% of the equity for every pending order.

vi.               The programmer interested to work with us should allow for tweaking of any of these specific requirements in the course of creating this EA without any extra cost.