Termos de Referência
Identification of Daily Support and Resistance Levels:
- The EA should accurately identify daily support and resistance levels based on historical price data.
- Utilize methods like pivot points, previous day's high/low, or other technical indicators to determine these levels.
Customization of Parameters:
- Allow customization of sensitivity settings for detecting support and resistance levels.
- Provide options to adjust parameters such as timeframe, method of calculation, and validation criteria for support and resistance.
Entry and Exit Conditions:
- Define clear rules for entering trades when price breaks above resistance or below support levels.
- Specify conditions for opening long positions on breakout above resistance and short positions on breakout below support.
Risk Management:
- Implement position sizing algorithms based on account equity, risk per trade, or percentage of capital.
- Include features for dynamic stop-loss adjustments, trailing stops, or breakeven levels to manage risk and protect profits.
Trade Execution:
- Ensure timely execution of trades following breakout signals.
- Provide options for order types such as market orders or pending orders (buy stop and sell stop) to execute trades at predefined levels.
-
User Interface:
- Design an intuitive user interface for configuring settings, monitoring performance, and managing trades.
- Incorporate features for user notifications, alerts, and customization options to enhance usability and user experience.
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