Time of day Straddle EA needed

1. The idea of the trading system is as follows: Each day market entries are performed when price hits user defined x pips above (for long) or below (for short) against y, price at user defined reference time xx : xx hours (broker server time).

2. Reference time : xx:xx hours (broker server time) : User defined to allow price y to be set , e.g. y = price at 16:00.

3. Trading Signals:

• Buy signal: Long when price hits buy stop at x pips above y, price at user defined reference time (e.g. price at 16:00). 
  
• Sell signal: Short when price hits sell stop at x pips below y, price at user defined reference time (e.g. price at 16:00). 

4. Positions are closed : When SL, TP or breakeven SL hit.

5. Positions are opened at the market price, when buy / sell stop order is hit. The Expert Advisor is to be tested using operations inside the bar (tick by tick data processing). 

Reenter trade after stoploss:

• Yes: Put buy / sell stop again
• No: If already reached z = user defined maximum no. of trades taken for each day. (e.g. max 2 trades, set 0 for unlimited)