Specifiche
Please find below trading rules for the 1st version of this EA development.
Trading Rules to open position
It will be used to trade Exchange Futures symbol.
Trading logic based on the a developed indicator of mine that will be shared after developer is selected as well access to demo account for the future exchange broker
This is a counter trade strategy.
Please create a parameter so I can choose if I want to trader both entries or choose only one separately:
1-) EA should open long and short positions on the next bar open after an Arrow signal that was generated by the indicator. This can be called "TD Setup Trade" signal.
2-) After indicator counting number 13 displays, a Stop Loss Line start to be drawn. This can be called "Stop Loss Trade" signal.
For shorts
Create 3 Sell limit orders as follows:
1-) X (0.5) points below Stop Loss Line
2-) Same price of Stop Loss Line
3-) X (0.5) points above Stop Loss Line
If only one order is executed and take profit/stop loss is reached the other orders should be canceled and wait for a new Stop Loss Line to be created.
The opposite for longs.
Trading Rules to close position
Stop loss is based on X % of ATR from entry/average price.
Take profit is based X % of ATR from entry/average price. (Instead of using take profit orders please use a pending order to exit).
If partial close enabled, to close half of the position with X % of ATR.
If breakeven enabled, to move stop loss to break even after partial close price reached.
Trading time
Parameter filter to define trading hours.
Parameter filter to indicate time to close positions if still open.
Safety
Please ensure that is implemented safety measures to avoid trading loop and protect capital.
I will share server and account details soon so you can check symbol details and test.