A trading bot or EA (Expert Advisor) is required to trade on Vix75, Vix 75 (1s), Vix25, and Vix10. Here are the specific conditions for the EA: Trade Entry Based on RSI Divergence

Техническое задание

A trading bot or EA (Expert Advisor) is required to trade on  Vix75, Vix 75 (1s), Vix25, and Vix10. Here are the specific conditions for the EA: 

Trade Entry Based on RSI Divergence

 

1. Identifying Market Trend:

   - The EA should be capable of recognizing the market trend on the 4-hour timeframe.

   - All trades executed by the EA should align with the identified trend on the 4-hour chart.

 

2. Trade Entry Based on RSI Divergence:

   - The EA should initiate trades on the 15-minute chart.

   - Trade decisions must be based on RSI (Relative Strength Index) divergence with the 15-minute price action.

   - RSI highs and lows should be set to 80 and 20, respectively, to determine potential overbought and oversold conditions.

 

3. Setting Stop Loss (SL) and Take Profit (TP):

   - The EA should implement a stop loss (SL) ranging from 15 to 30 pips.

   - Take profit (TP) levels should be determined based on the 1-hour (1H) Intraday Resistance Line (IRL) and Intraday Support Line (ERL).

   - Both SL and TP should be adjustable manually, allowing users to modify them according to their preferences.

 

4. Risk Management:

   - The EA should include a customizable risk management feature.

   - Traders should have the ability to adjust risk parameters according to their risk tolerance and trading preferences.

   - This ensures that the EA can adapt to different risk profiles and trading strategies.

 

In summary, the EA is designed to operate on specific timeframes (4-hour and 15-minute) for Vix75, Vix 75 (1s), Vix25, and Vix10. It employs trend identification, RSI divergence analysis, and allows manual adjustments for stop loss, take profit, and risk management parameters.


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