I need an EA with an entry signal, based on the stochastic indicator and the TP / SL has to be a moneymanagement method,based on the ATR.
The entry should take place, when the stochastic crosses in a certain time and a preset distance. For example, 7 bars in 50 Points on the vertical scale from the last cross. I would like to define These values in the EA by myself. Further, I would like to trade serveral positions, which will not be closed at the same time. The Benchmark for the calculation of TP and SL is based on the ATR.
Moneymanagement: The SL should move into the Profit Zone when the market Price reaches (X) ATR. The moneymanagement for the calculation of SL and TP should not relate on a fixed value, rather on a risk ammount for each Position, for example 50$ risk Money and the EA should calculate the positionsize by itself.
What should be in the Settings:
number of positions to enter: (1-4)
SL factor: (X ATR)
TP 1,2,3,4: (X ATR)
Exit when opposite Signal appears: (yes / no)
SL move to: (when reaches X ATR)
SL move when: ( when X ATR in profit)
trading time1, 2 starts:
trading time 1,2 ends:
I hope, my description is halfway understandable. I will work together with the coder and will support you as much I can with explanations and pictures.