TREND SCALPING EA

1. CHANNEL(HALF LENGTH: 50, PRICE: 6, BAND DEVIATION: 3).

2. EXPONENTIAL MOVING AVERAGE (PERIOD: 100, SHIFT:0, MA METHOD: EXPONENTIAL, APPLY TO: CLOSE).

THE INDICATORS’ VALUES MUST BE ADJUSTABLE.

TRADING STRATEGY

1.BUY ORDER; EXECUTE BUY ORDER:

A. IF THE MOVING AVERAGE IS INSIDE THE CHANNEL.

B. PRICE HITS AND CUTS THE UPPER BAND OF THE CHANNEL

2. SELL ORDER; EXECUTE SELL ORDER:

A. IF THE MOVING AVERAGE IS INSIDE THE CHANNEL.

B. PRICE HITS AND CUTS THE LOWER BAND OF THE CHANNEL

TRADE MANAGEMENT CONDITIONS

A. PROVIDE OPTION FOR INPUT FIXED LOT.

B. THE EA SHOULD USE SPECIFIED PERCENT OF ACCOUNT SIZE TO EXECUTE ANY TRADE (IT MUST BE INPUT BY THE USER).

C. ADD NORMAL TRAILING STOP LOSS ORDER (VALUE MUST BE INPUT BY USER).

D. IT MUST CONTAIN TAKE PROFIT AND STOP LOSS FUNCTIONS

E. IT MUST TRADE ALL TIME FRAMES AND ALL INSTRUMENTS.

F. THE EA MUST EXECUTE ONE TRADE AT A TIME.

G. PROVIDE OPTION FOR BREAK EVEN IF PRICE MOVES IN YOUR DIRECTION FOR A CERTAIN NUMBER OF POINTS (NUMBER OF POINTS SET BY THE USER).

H. PROVIDE OPTION FOR TIME FILTER (TRUE/FALSE). START TIME AND END TIME MUST BE INPUT BY THE USER.

I. PROVIDE OPTION FOR THE EA TO CLOSE ALL POSITIONS AT THE END OF TIME SPECIFIED (TRUE/FALSE). TIME INPUT BY USER