I have traded this manually with about 60% win rate and think it may be more profitable as an EA if anyone will be kind enough to code it.
Indicators used are RSI (levels 90,50,10), MACD, 10MA, 20MA and ATR
Rules to go Short - open a Sell market order immediately at next candle when the 3 conditions below are met.
(1) [20 period Exponential MA applied to Close] on a higher time frame shows trend is down. (Allow MA parameters and TF to be adjustable)
(2) Last candle is bearish and closed below [10 period Exponential MA applied to Close] on the current time frame. (Allow MA parameters to be adjustable)
(3) MACD & RSI will be in the same indicator window; MACD histogram and line are both went above RSI level 90. (Allow MACD & RSI parameters to be adjustable)
Rules to go Long - open a Buy market order immediately at next candle when the opposite of the 3 conditions above are met.
Stoploss and Takeprofit method - Pips or ATR option (Allow the option to use SL or TP, and make ATR parameters to be adjustable and include ATR multiplier)
Trailing-Stop (Allow the option to use trailing-stop, and make "trailing-stop-after" and " trailing-stop step" to be adjustable)
Break-Even (Allow the option to use break-even, and make "break-even-after" and "break-even+pips" to be adjustable)
Manage orders - All symbols or current chart option
Hopefully I was able to clearly explain the requirements for anyone willing to take this on.
Indicators used are RSI (levels 90,50,10), MACD, 10MA, 20MA and ATR
Rules to go Short - open a Sell market order immediately at next candle when the 3 conditions below are met.
(1) [20 period Exponential MA applied to Close] on a higher time frame shows trend is down. (Allow MA parameters and TF to be adjustable)
(2) Last candle is bearish and closed below [10 period Exponential MA applied to Close] on the current time frame. (Allow MA parameters to be adjustable)
(3) MACD & RSI will be in the same indicator window; MACD histogram and line are both went above RSI level 90. (Allow MACD & RSI parameters to be adjustable)
Rules to go Long - open a Buy market order immediately at next candle when the opposite of the 3 conditions above are met.
Stoploss and Takeprofit method - Pips or ATR option (Allow the option to use SL or TP, and make ATR parameters to be adjustable and include ATR multiplier)
Trailing-Stop (Allow the option to use trailing-stop, and make "trailing-stop-after" and " trailing-stop step" to be adjustable)
Break-Even (Allow the option to use break-even, and make "break-even-after" and "break-even+pips" to be adjustable)
Manage orders - All symbols or current chart option
Hopefully I was able to clearly explain the requirements for anyone willing to take this on.