Hello guys,
I need an experienced developper to create an EA that will trade trendlines breakouts.
Trendlines are valid if:
- they have 3 touchpoints with a high fractals for BUY & slope is negative
- they have 3 touchpoints with a LOW fractals for SELL & slope is positive
Initial SL is on last High (SELL) or Low (BUY) fractals
Target is based on risk/reward ratio + only bet 1% of equity per trade
multiple trades are allowed in at the same time
If you have suggestions for smart trade management (smart trailing stops,...) feel free to propose
Also, there should be a maximum "projection" factor .e.g if we look at 100 bars and there are 3 touchpoints on the first 15 bars, the trend might not be valid 85 bars later...
INDICATOR: I would like to have also an indicator that does not trade, next to the EA. (draw trendlines + arrow for breaking points.)
COMMENT: this is a tricky one, I have already one developer failing because he used the "Projection" function of trendlines that did not work if the projection was outside of the graph scale...
COMMENT: I need someone that can propose improvements and share some experience also, not only "blindly" execute my demands --> a lot more work to come if this job goes well.
COMMENT: of course i need the source code when project is done.
Parameters:
- Risk Reward ratio
- Tolerance level for defining the 3 touchpoints e.g. 2pips
- Lookback period to define the trendlines e.g. 100 bars, 200 bars,...
- "buffer" for SL and TP e.g. +2pips,...
- ...
I initially target to work on NASDAQ M5.
Some snapshots in attach. Please ask any question you have and share any relevant experience with this type of EA.
Buy the way, if you have other interesting EA I'm interested to buy after demo. thks.
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