Time Back Thankyou EA

Time Back Thankyou EA

Ea must be clearly commented and remains our 100% our property and should not reference any other party/developer.

Signal is generated with the cross of 2 bars on the QQUEA indicator followed by the below filters.

Trade filters

-          Max pips in entry candle (extern setting)

-          time of day trades (extern)

-          Max trades per pair 

-          magic number

-          trade comment advising of what filter was used to close trade 

-          day of week filter (extern)

-          QQUEA cross must have occurred within 2 bar shift – bar shift is to be extern setting OR cross t3 line  with option to choose either one

-          Momentum must be above X (extern)

-          Do not trade pair If ATR falls below (extern)

-          Do not trade pair If ATR is above (extern)

-          No trade if confirmation candle is larger that X pips

-          No trade if confirmation candle is smaller than X pips

-          Pip offset bar closer must be minimum X amount of pips above or below trigger line

-          If I still have a position opened from the previous day, I will not open a new one, and continue with the same till the exit.

-          DMI blue line above 20 line for long trades

-          DMI pink line above 20 for short trades

-          DMI blue line above pink long trades

-          DMI pink line above  blue for short trades

-          Only 1 trade is allowed UNLESS another trade opportunity it found that in on a correlating pair that will act as a hedge against our current open position. (extern to enable/disable correlation )

Trade Entry options

-          optional market order or limit order at % of candle body that has passed gan line If not filled within X candles trade expires for e

xample limit order is placed on 75% level of candle body.

-          trade is taken on candle closing below or above gan line.

Trade correlation to (Diversify risk)

-          Only 1 trade is allowed UNLESS another trade opportunity it found that in on a correlating pair that will act as a hedge against our current open position.

For example

If Long trade is opened on EUR/USD this is our first active trade.

System should then be open to a new trade opportunity ONLY if its a correlating pair.

Such as going long on USD/CHF Or USD/JPY

More Inversely moving pairs are:

EUR/USD and USD/CHF
GBP/USD and USD/JPY
GBP/USD and USD/CHF
AUD/USD and USD/CAD
AUD/USD and USD/JPY

Here is a short article that explains correlation

http://www.babypips.com/school/undergraduate/senior-year/currency-correlations/how-to-use-currency-correlation-in-your-trading.html

Trade Exit Options

-          Candle closure with body above/below gan line

-          When Stop Loss is hit.

-          PSAR TRAIL

-          Exist on  Momentum drop to XYZ extern

-          Exit on DMI cross

-          Exit on QQE cross