A TREND TRADING EA BASED ON 3 SIMPLE MOVING AVERAGES AND FRACTALS

Requirement: A Trend Trading Expert Advisor based on 3 Moving Averages and Fractals 

Indicators: 

* Fractals 

* 3 Movings Averages - 60 SMA Close / 60 SMA High / 60 SMA Low

* Placing of trades must be based on the confluence of 3 TIMEFRAMES (to be determined by the user in settings so options should be there)

* TIMEFRAMES - Options should be available for the TREND / CONFIRMATION / ENTRY 

- ALL TIMEFRAMES must be available - from Monthly, weekly, daily, 4 hours, 1 hour, 30 mins, 15 mins, 5 mins & 1 min

The EA performs as follows:

1. Entry will be placed by the EA as a BUY STOP or SELL STOP order once the last fractals appears on the direction of the trend. Price action must be above the 3 moving averages and ALL THE 3 TIMEFRAMES (TREND/CONFIRMATION/ENTRY) must be same direction.

2. STOP LOSS (in PIPS) should be determined by the user based on the settings

3. TAKE PROFIT (in PIPS) should be determined by the user based on the settings (there should be options for 1:2 , 1:3, 1:4 , and so on...

4. The settings for movings averages can be adjusted as per user's preference.

5. If the price action does not hit the fractal and hits/goes under/above the 3 movings averages, THE  BUY OR SELL STOP ORDER should be deleted/cancelled.

TRADING SIGNALS:

BUY STOP - the EA places a BUY STOP order once the last swing high fractal appears on the chart. Price action must be above the 3 moving averages and  ALL 3 TIMEFRAMES must be in UPWARD TREND. (IF NOT, NO TRADE!)

- the SL & TP must be based on the user's saved settings 

SELL STOP - the EA places a SELL STOP order once the last swing low fractal appears on the chart. Price action must be below the 3 moving averages  and  ALL 3 TIMEFRAMES must be in DOWNWARD TREND. (IF NOT, NO TRADE!)

STOP LOSS - to be set by the user in EA settings and should be in PIPS - will be activated based on ENTRY PRICE

TAKE PROFIT - to be set by the user in EA settings and should be in PIPS - will be activated based on ENTRY PRICE

RISK PERCENTAGE - how much percentage to be risked (in PERCENTAGE)

RISK TO REWARD RATIO - option should be set - example - 1.0 (1:1) ; 2.0 (1:2) ; 3.0 (1:3) , ETC... THIS IS BASED ON THE SL to be set by the user

STOP LOSS TO BREAKEVEN - TRUE OR FALSE OPTION - can be set by user in settings based in running PIPS

TRAILING STOP LOSS - TRUE OR FALSE OPTION - can be set by user in settings based in either runnings PIPS OR PERCENTAGE TO CLOSE

PARTIALLY CLOSE ON BREAKEVEN (BEP) LEVEL - can be set by user in settings based in either runnings PIPS OR PERCENTAGE TO CLOSE

MAX DAILY TRADE - option to determine how many MAX trades the EA can open in a day

TRADING HOURS - option to determine START of trading hours and END of EA TRADING HOURS (0 TO 24)

EA WILL CLOSE POSITIONS ONCE THE TP OR SL IS HIT OR BASED ON OTHER SETTINGS BY THE USER.

EA WILL DELETE PENDING ORDERS WHEN THE PRICE ACTION GOES THE OPPOSITE DIRECTION AND DID NOT REACH THE FRACTAL.