CAPSTONE BOT TWO

CAPSTONE BOT TWO

SPECIFICATION REQUIRMENTS

Using the 1 hour time frame, draw two main horizontal lines one at the opening price and the other at the closing price of the 2nd candle after the period separator. Do the same for the 7^th candle (all conditions apply for both candles). From the closing price line draw three more minor horizontal lines of 5pips length between each other and do same for the opening price line. For a bullish candle two lines above the closing price line and one below the closing price line, two lines below the opening price and one line above the opening price line.  For a bearish candle two lines below the closing price line and one above the closing price line, two lines above the opening price and one line below the opening price line.  

CONDITIONS:

For ENTRY CONDITION ONE wait for the close of the candle (bullish or bearish). For bullish candle, after the close buy from the 5 pips line above the closing price line and bearish candle, after the close sell from the 5 pips line below the closing price line. For ENTRY CONDITION TWO immediately a buy is triggered put a sell stop order is placed at the bullish closing price line. If it is a sell, place a buy stop order at the bearish closing price line. ENTRY CONDITION THREE; In the event that price didn’t reach 5 pips above the closing bullish price line, EA should sell at 5 pips line below the opening bullish price line. In the event that price didn’t reach 5 pips below the closing bearish price line, EA should buy at 5 pips line above the opening bearish price line.

Lastly, for ENTRY CONDITION FOUR; if a buy hits break even the EA should place a buy stop at 5 pips above break-even and a sell stop 5pips below the same break-even, vice versa for a Sell that hits break-even.

FILTER

1.      All pairs.

2.      The second candle trade should go on simultaneously with the seventh candle trade.

3.      All pending orders should be closed at the close of each trading day.

4.      All open positions should be carried over to the next trading day and should not affect that next trading day’s activities.

5.      Maximum drawdown for each trading candle (the 2^ND and 7^TH candles) session is two losses. Therefore, while trading the two sessions buy and sell could active together, and must have maximum of two losses for each of the sessions.

6.      Take profit for each trade is 30 pips while stop loss is 15 pips.

7.      When trade reaches 15 pips in profit break-even should be set.

8.      BUY & SELL can run simultaneously.

9.      Lot size range for starting balance, If the starting balance is  200$;

                    i.            200$ to 299.99$ = 0.10

                  ii.            300$ to 399.99$ = 0.15

                iii.            400$ to 499.99$ = 0.2

NB: the lot size figures should be open or editable

10. All the parameters of the EA should remain open or editable for the owners of the EA.