The idea is to build an Indicator/EA based on RSI.
Please only msg once you have read the below requirements properly or have full understanding of the below.
Below are the things Indicator/EA will be doing:
1. Drawing Lines on RSI, when the conditions are met. [For example Bullish Divergence, Bearish Divergence, NR & PR]
2. Sending Text + Screenshot to Telegram
3. EA should half position at TP1 and move SL to Breakeven, for TP2.
4. How to calculate TP1 and TP2 #I will explain that later, when development starts.
5. SL's and TP's need to be Invisible [Shouldn't be sent or Visible to the broker] #EA should remember them and trigger when conditions are met.
6. Sending Trade Executions Texts to Telegram [Refer to Below Text format]
====RSI Trade Execution====
Instrument: EUR/USD #This is an Example
TimeFrame: H1 #This is an example
Trade Type: Buy or Sell #This is an example
StopLoss: Price #This is an example
TP1: Price #This is an example
TP2: Price #This is an example
=========================
====RSI Trade Close========
Instrument: EUR/USD #This is an Example
TimeFrame: H1 #This is an example
Trade Type: Buy or Sell #This is an example
PnL: $50 #This is an example
=========================
Note: Above mentioned NR & PR terms and its conditions I will explain to the Developer with examples later when I will move developer to Applicants Stage.
Settings I will need in EA/Indicator:
1. Trades Execution: Enable/Disable # I will disable this, when I would like to Trade Manually and will use this only as an Indicator.
2. RSI Level: From 1 to 100 <Input Condition/Criteria Minimum/Maximum>
3. TimeFrame: DropDown from 1-Minute to Monthly
4. Trade Management Settings: for example SL, TP, Lot Size, Trailing SL
5. In SL I need two types of settings -
a> Previous Candle -
1. High Break [Close Sell Order]
2. Low Break [Close Buy Order]
6. Trade Direction: Drop Down [ 1. Buy Orders, 2. Sell Orders, 3. Buy/Sell Orders ]
7. Trade Strategy: Drop Down [1. Bullish Divergence, 2. Bearish Divergence, 3. NR, 4. PR, 5. NR & PR ]
8. Telegram ChatID:
9. Telegram BotToken:
Feel free to ask questions if you have any.
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