EA based on indicators per description

Trade methodology based on Red and Green lines entering Overbought / Oversold zone. Using confluence of Higher time frame, Moving Average a trade can enter when there is a strong slope angle. Market Base Line is used to determine overall market sentiment.

This is designed to be an established trend scalping strategy on lower time frames. To be used initially on demo then real account when settings have been fine tuned. To work on all SYMBOLS & COMMODITIES in BUY and SELL range

RSI and TSL must clearly cross, not just touch. Slope settings to be customisable to fine tune.

Market Base Line (MBL) is also found in TDI indicator.

EA description

Sell Condition

·        MBL Current time frame to be in range (user definable range) (on / off) (show line in TDI indicator on / off)

o   Sell range: Default level  32 – 50

·        Higher time frame MBL 1 (user define time) to be in range (user definable range) (on / off) (show line in TDI indicator on / off)

o   Sell range: Default level 32 – 50

·        TDI Cross (red and green line) to occur in zones (overbought  – user definable area)

o   Overbought range: 68 – 100

o   TDI slope based off Steve Hopwood Trading Made Simple EA to be used as trade filter

o   TDI Cross based on current time frame

·        Moving Average

o   User defined moving average (type, period etc) (on/ off)

o   Sell -> Price below

·        ADX

o   ADX value to be greater than 20. . If value less than input, do not trade

o   Value to be customisable via parameters.

Buy Condition

·        MBL Current time frame to be in range (user definable range) (on / off)

o   Buy range; Default level 50 – 68

·        Higher time frame MBL 1 (user define time) to be in range (user definable range) (turn on / off)

o   Buy range; Default level 50 – 68

·        TDI Cross (red and green line) to occur in zones (overbought / over sold – user definable area.

o   Oversold range:        32 – 0

o   TDI slope based off Steve Hopwood Trading Made Simple EA to be used as trade filter

o   TDI cross based on current time frame.

·        Moving Average

o   User defined moving average (type, period etc) (on/ off)

o   Buy -> Price above

·        ADX

o   ADX value to be greater than 20. . If value less than input, do not trade

o   Value to be customisable via parameters

General

·        MBL to be using real time data including Higher Time Frame

·        Signals to be based on Close of Candle.

·        Back test functionality

TRADE MANAGEMENT

·        Lot size = User definable % of account.

·        Entry when above conditions met

·        Draw down protection = pause trading when profit is -%, user definable, standard is 20%

·        Stop loss = ATR value (user definable)

·        Take Profit = ATR value (user definable)

·        Hidden = Stop Loss and Take Profit values hidden from broker

·        Partial Mode = When at double risk reward then close half of position, move stop loss to break even and trail with current Trailing Stop value. (on /off)

·        Trailing stop= Starts when in profit, follow with ATR value (customisable) 

·        Trade comment = SYMBOL + Time Frame

·        Display Current and Previous Trades with Open, SL and TP. Can be Circle for open and Red (StopLoss) Green (TakeProfit) (Active trades / All Trades)

Trading Periods

 Trading Hours  (range From and To)                              // Individual day options

                                                                                          // Can combine with Trading Days Active if easier

·        Monday

·        Tuesday

·        Wednesday

·        Thursday

·        Friday

·        Trade Bank Holidays (true / false)                  // Avoid trading bank holidays

News trading prohibit                       // Does not trade in certain news events, use forex factory news.

·        Red                                       // High impact / 3 star

·        Orange                                  // Med  impact & high impact / 2 star and 3 star

·        Off                                        // Trade any news, default

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