Specific time EA

EA must be able to enter Buy or Sell or Both trade(s) as a market order at a pre-determined time specified as HH:mm:ss using one of two options:

1. regardless of what the price of the instrument is at that time or

2. using the price as at the last closed minute as the reference

   1. eg, if specified time is 09:29:20 (HH:mm:ss), then the last reference price should be 09:29:00

   2. If this option (1.b. / reference price) is selected,

      1. EA must allow a selectable deviation of pips from the reference price within which Entry (buy or sell) would still be made, eg. if reference price was 121.23, “allowable deviation for market order entry = x” pips so that if x were selected as 10, then Entry would still be made at the specified time anywhere between a price of 121.13 and 121.33.

         1. If x is exceeded, then no Entry would be made

EA must give the option for the no. of units to be entered (minimum of 0.01 lots, no maximum) and percentage of balance to risk ( minimum 0.1%, max 100)

EA must give the option for the no. of trades to be entered (minimum 1 but no maximum)

EA must account for accurate/best slippage

EA must be usable on any forex pair, index or commodity

EA must give Option to use Stop Loss

1. Must allow for SL value (pips – 4/5 digit broker) to be chosen

EA must give option to move SL to break even after either

1. A certain value, x, of pip movement where x must be allowed to be chosen or

2. A certain time to be specified as HH:mm:ss

EA must give Option to use Trailing stop (pips)

1. Must allow for TS value to be chosen

EA must give Option to use Take profit (pips) –

1. TP must be stepwise with three different values to be allowed

2. Must present option for the # of trades to be closed at each step value (if multiple trades were entered)

Option to hide SL and TP from broker

Option to prevent broker from seeing EA specs

EA must never expire