Please write EA for this system. It is to be used in one direction only – SELL or BUY.
Direction of a trend is to be ascertained by a trader.
Time frame is Daily chart.
Look for an “inside bar”. After an inside bar is created and closed (disregard Sunday bars), place pending order 5 PIPS above an inside bar when trading BUY direction of a trend or 5 PIPS below an inside bar when trading SELL direction.
Items for EA:
Stop Level in PIPS
Profit Target in PIPS
(have an option to choose style of MM)
- fixed lots
- % of Total Balance risked for each position to be opened - based on Stop Level
- % of Balance Available risked for each position (after deducting of margin used for already opened positions) - based on Stop Level