EA specification - Simple Idea

Specification Short term System

Name: EX_S_System

Parameters:

Target in pips: Default 20

Stop in Pips: Default 10

Direction: Long and Short or Just Long or Just Short

Candle run UP: Default 3

Candle run DOWN: default 3

Rules LONG

Candle run= number of candles which are UP candles

If the EA detects the required number of UP candles as noted in the Candle Run UP , Then;

 Enter a BUY limit order at 1 pip less than the current ASK price

When the trade is taken into the market Stop out at the stop in pip price or come out at the target in pips price whichever is hit first.

Rules SHORT

Candle run= number of candles which are DOWN candles

If the EA detects the required number of DOWN candles as noted in the Candle Run, Then;

 Enter a SELL limit order at 1 pip less than the current BID price

When the trade is taken into the market Stop out at the stop in pip price or come out at the target in pips price whichever is hit first.