hi,
please read all the details carefully and be sure you are able to do it as told , no bugs or malfunctions please.
its really not a complicated thing,,just a simple EA.
Also don,t bother if you require more price then i have mentioned.
Start Hour :
this function will set the starting hour, so if in put setting is 12 EA will not work before this time. so when the 12th hour is finished Ea will be ready for the trading signal to start..even it comes 1 min after the 12th hour is finished. add this setting so i can set the hour of my choice.
Trading Signal :
suppose we set the start hour to 12 , so EA will check the current day,s high and low till that time and starting point is 20 pips below from current day,s high or 20 pips above from current day,s low.
say,,till 12th hour high is 1.12400 and low is 1.12150 so the above starting point is 1.12380 and to down side the starting point is 1.12170.
EA will start from only one point which ever the market hits first after 12th hour.
Order Types:
suppose after the start hour market goes to hit the upper limit at 1.12380 , Ea will open a sell from that price and will place sell stops below that point at given distance and will also place buy stops above that position at given distance..
so if the order step is 100 and number of orders is 10 ea will place first sell at 1.12380 , sell stop at 1.12280 then at 1.12180 and so on to complete 10 pending sells,,at the same time ea will also place first buy stop at 1.12480 , 2nd at 1.12580 and so on till it places 10 buy stops.
in the same way if market hits the lower point first ea will open a buy from there and place buy stops above and sell stops below that point...so which ever side is hit first that will be the starting point.
Equity Target (important) :
please be sure this function works correctly , in the settings i will mention the equity to be reached by ea , say my current equity is 500 and i mention 520 in equity target so when it reaches this number ea will close every thing, all trading function, active or pending orders. EA will also show the current equity and equity target on chart..
please also keep in mind the ea will be running on 2 or three charts at the same time with same equity target so when ever the equity target is reached every thing will stop on all charts.
Other Functions :
SL, TP, TS and breakeven with break pips..
i hope i am clear here,,please let me know if you have any questions...
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