Expert Advisor using custom indicator together with 2 moving averages cross over and 2 stochastics indicators

1. The idea of the trading system is as follows:  The system is based on the Binary Destroyer 7.0 which is a custom indicator. Trades are executed when the first only arrow and the stochastics line up in the current trend direction. It only trades the Dow Jones (US30) and only on the 1 minute timeframe.

2. Trend is determined based on the Exponential Moving Average with the specified period of 23 smoothed moving average and 100 simple moving average. However these are built into the Binary Destroyer as a fast ma and slow ma. the first prize would be to call the Binary Destroyer to determine the trend however these settings can also be used. When the 23 smoothed moving average (fast ma) is above the 100 simple moving average (slow ma) then we only look for longs and when the 23 smoothed moving average crosses the 100 simple moving average below we only look for shorts. 

3. Trading Signals:

• Buy signal: The 12,3,3 must be in the oversold or must have been in the oversold area of 15 this defines the pullback we look for the caveat of the ma cross is that price must never touch the 100 simple moving average, then the green arrow of the Binary Destroyer must paint and at the same time the the 50,24,1 stochastics the main line (blue) must cross the signal line or must already be above the signal line.
  
• Sell signal: The 12,3,3 must be in the overbought or must have been in the overbought area of 85 this defines the pullback we look for the caveat of the ma cross is that price must never touch the 100 simple moving average, then the red arrow of the Binary Destroyer must paint and at the same time the the 50,24,1 stochastics the main line (blue) must cross the signal line or must already be below the signal line

4. Positions are closed at a fixed move of 30 pips or on a trailing stop.

5.Positions are opened at the market price as soon as the bar closes and the arrow is solidly painted or on the open of the next bar after the arrow is painted solidly.

Once the moving averages has crossed the pullback as defined by the 12,3,3 stochastics price MUST NOT touch the 100 sma when the first arrow paints. Trades are only executed on the first arrow after the moving averages cross it does not trade any other arrows after the first and the next cross is waited for. 

8. Close by Take Profit — during position opening, a Take Profit level is set at a fixed distance from the open price at 30 pips. 

9. Position management 

The trade should be opened with a % risk based on the size of the stop loss. A fixed lot setting can also be added but will not be used as much.

A fixed stop loss and take profit is set at the beginning of 30 pips 

The trade should move to breakeven when the position is in profit between 10-15 pips 

A trailing step should be used ie if it moves 30 pips it should be breakeven already and when it moves 60 pips then the stop will be moved to 30 pips in profit and then position can be closed at say 1:5. 

A partial close will also work nicely with say 5 settings say at 30 it takes 50% off the position then at 60 pips it takes 80% and then at 90 pips it takes the rest of the 20%.

10. Time Filter

We would like to employ a time filter again of say 5 settings would work say between 4am-8am in the morning will be one setting etc. 

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