Trading rules…
1) Open buy trade when custom indicator will show buy arrow. ( buy order at current market price after completion of 15 min arrow candle).
2) Open sell trade when custom indicators will show sell arrow. ( sell order at current market price after completion of 15 min red candle).
the period of indicators: Default
Note: If two or more buy or sell signal will come continuously then trade on every signal with their separate profit target and stop loss.
3) Profit Traget: Close buy/sell at 5 pip profit target on 15 min timeframe.
Stop Loss: 15 pip
4) EA inputs: Lot size, Maximum Lots, Profit Target, Stop Loss, Slippage, maximum spread, Magic Number
EA inputs should be able to change manually.
5) EA must display following information in the top-left corner of the chart: lot size, funds, spread
6) Spread: Maximum 3 pip
7) Timeframe: 15 min, 5 min, 1 min
Lot size: starting lot size 0.01 (should be able to change manually according to fund)
9) Maximum Lot Size: 500 standard lots
11) Currency Pair: EURUSD
12) Minimum Fund: $ 6
13) EA should be able to backtest
14) EA should be able to work with ECN 5 decimal broker.
I will use this EA on Hotforex micro account.
15) Stop Loss: If the trade will not reach at target profit and go in loss then close that trade with these two conditions (whichever will be earlier)
if the indicator will show reverse signal then immediate close the trade
or
Stop Loss : 15 pip
16) Money Management: if mm will set “True” then increase lot size 0.01 per $ 15 and if i will set “False” then i will choose manually.
The indicator in both mq4 and ex4 format and the snapshot of indicator in attachment.
