The signal is based on two indicators"GenesisMatrix" which is a combination of four indicators and "ASCTrend". I need to versions for this one to work on the M1 timeframe and the other on the M5 timeframe:
Sell Signal:
1- The filter: For M1 version: All the current candles on M5, M15, M30, H1, H4, D1 have to be "Red" (or in other words, the current price should be lower than the open price).
For M5 version: All the current candles on M15, M30, H1, H4, D1 have to be "Red" (or in other words, the current price should be lower than the open price).
2- All the lines in the Genesis Matrix indicator and the first line in ASCTrend turn "Red" from all of the lines being "White", the EA initiates a Sell (example pointed out in attached picture with a Yellow vertical line)
3- Now is the tricky part: Some times the first line in the ASCTrend is already "Red" and all of the four lines of the Genesis Matrix indicator turn "White" and then turn back into being "Red". When this happens a Sell order should be initiated if the rules of the filter are still there. (example pointed out in attached picture with a Blue vertical line)
Buy Signal:
1- The filter: For M1 version: All the current candles on M5, M15, M30, H1, H4, D1 have to be "White" (or in other words, the current price should be higher than the open price).
For M5 version: All the current candles on M15, M30, H1, H4, D1, W1 have to be "White" (or in other words, the current price should be higher than the open price).
2- All the lines in the Genesis Matrix indicator and the first line in ASCTrend turn "White" from all of the lines being "Red", the EA initiates a Buy.
3- The tricky part: Some times the first line in the ASCTrend is already "White" and all of the four lines of the Genesis Matrix indicator turn "Red" and then turn back into being "White". When this happens a Buy order should be initiated if the rules of the filter are still there.
Extra options in the EA:
1- I want to be able to choose which timeframes the filter should use (Example would be, put the D1 and the H4, etc candles filter on or off)
2- I should be able to put in the times during the day were the EA is allowed to make trades.
3- It should be able to work with an ECN broker, and could open positions with 2 decimal points. (example: 1.34)
4- Trailing stops on or off
5- Able to open positions based on percent risk I put in, calculated using the stop loss I use.
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