Project Description:
Hello,
I need to create a really simple EA that should take less than a day to complete. The requirements are follows :
Time frame : 1H
- Draw horizontal lines on the highiest high and the lowest low of the first Four candles of the day.
- Trade the Valid Breakout of either lines (either high or low)
- Check Stochastic Slow on 4hours Time frame.
- If stochastic is in the same direction as the market in the first 4 hours (i.e. stochastic rising and market is low to high), open a big position when first candle in 5 minute chart is formed outside of the breakout line.
- If stochastic is in the opposite direction as the market in the first 4 hours (i.e. stochastic rising and market is high to low), open a small position when first candle in 5 minute chart is formed outside of the breakout line.
- Take profit is 50-100 pips
- Stop loss should be the other side of the tunnel
- If stop loss is hit, set the pending order again.
- Close all pending orders by 5 hours to close of the day.
Yup, that's about it. Rather simple EA. I will pay first half milestone to get things started and the other half upon completion (:
