A. MT5
B. Take only one order at a time
C. Open an order ONLY when :
1. PSAR changes its direction (ie: @ start of Second PSAR DOT)
AND
2. MACD is in Same direction as PSAR
i.e:
Buy : PSAR second Dot is below graph AND MACD previous Bar is +ve
Sell : PSAR second Dot is above graph AND MACD previous Bar is -ve
D. Closing Order only when :
MACD reverse direction ( a confirmed MACD value then we close order @ start of next MACD bar )
For example : For an open buy order , 1 Hour chart , MACD started to cross line towards negative values , then it keeps changing +ve/-ve .. EA should wait till the end of this hour to decide , if it closes as MACD on a -ve value > then open order to be closed imidiatly at the start of the next hour , if it closed +ve (no action > keep order open)
E. Options to be included (with a disabling choice / to be totally disabled ) :
1: close order at a certain Take profit PIP level (In PIPS)
2: Trailing stop with its parameters
3. Stop loss at a certain PIP level (IN PIPs)
NOTE : any of above 3 options if enabled are still always Superseeded by main closing conidion (MACD changing direction) explained in point D above
F: LOT size :
1. Starting size to be configurable by myslelf as an input (starting default 0.01)
2. LOT Size Steps for next orders ... (second ...thirds ... fourth ... etc )
3. Max number of orders to be executed (up to how many orders) ( ex: after 5 orders dont take any more till i re attache the EA )
Example :
I attach EA to the chart , First order open lot size is 0.01 , it is then closed (by D or E conditions above ) , EA should wait for the next oppurtunity .. this time open order lot size is 0.02 (if i am putting LOT size steps 0.01) , then after second order closure , EA will wait for third order lot size 0.03 once conditions apply and so on
Lot size cycle to restart at default ex: 0.01 again once i detach and attach again
Prefer to have a demo version to be tested First to make sure all requiremnets are met
I hope I have made it clear , ready for any questions
Thanks in Advance
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