EA will take trades at first candle close in inverse to top and bottom hit
on a specified time frame
for multiple currency pairs
with %account based entry
and TP at center and top.
Must be able to work with other EAs.
I have ownership and rights for EA
Author will be recognized....informed if EA is to be monetized and contract for profit sharing will be in place before EA is monetized should this occur.
i get source code
EA usable on multi time frames
EA usable on multi pairs
Positions based on set size ... set % of account
If % of account is used. Max trades possible does not exceed 70% usage
TP 1 % of position user defined
math for % account and % TP will round TP 1 up to nearest 0.01 lot
the result should be that TP 2 is the the remaining lot size to the nearest 0.01 without going over limit allowed.
TP 2 % of position user defined
SL is a user defined set value
SL moves with profit. The SL is a finite # of pips lost
User defines minimum range in pips from bottom to top in order to execute trade entry.
User defines time frame robot operates on for each pair.
Ability to easily change this.
Ability to move entry and exit candle to a time frame other then the time frame the bot is working on.
Firstly you need to create a channel
I would have liked to have had a flowing channel. But i think this will cause redraws and give false numbers
Market is either in an upwards channel. a downwards channel. or a sideways channel.
Channel can only change what kind it is on candle close.
The Channel plotter i am currently using is the ForexRobotz.com FRZ channel auto plotter. Freeware.... default properties.
Let me be able to change colors and stuff ok.
Effective channel draw for any time frame
Actions.
Condition for Buy trade.
Market hits bottom of channel.
Take buy position on close of candle above channel
TP 1 price crosses center point.
TP 2 price hits top
Fail safe to close TP 2 at center should it recross center.
I wish to avoid TP 2 taking due to price dance at center. Fail safe actives at center + 20
Condition for Sell trade.
Market hits top of channel.
Take sell position on close of candle below the channel.
TP 1 price crosses center point.
TP 2 price hits bottom.
Fail safe to close TP 2 at center should it recross center.
I wish to avoid TP 2 taking due to price dance at center. Fail safe actives at center - 20
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