• Bar Breakout Robot
• Entry: Look at the chart, and set a buy order at the previous bar high and a sell order at the previous bar low. If the trades are triggered well fine or else cancel the trade when a new bar is opened and set new buy / sell order accordingly.
• Take profit:
1. Automatic: - Twice the Stop Loss, e.g.:- if the stop loss is 20 pips then take profit should be 40 pips.
2. Manual: - Should be user defined no of pips.
• Stop loss:
• When LONG, set stop loss at the previous bar low. When SHORT, set stop loss at previous bar high.
• Usual Trailing stop loss concept i.e. User Defined (no of pips)
• Money Management System to be used or Normal Lot Size to be used
• Only one trade to be opened at all times. i.e., if a Long / Short trade is already opened the robot should not open another Long / Short Trade, till the take profit / stop loss is hit.
• It should work on all time frames.
• Should be compatible on Hot Forex and Pepper stone Forex Brokers.
I have attached a chart for your understanding
Please be advised that the money will only be released after 10 working days of forward testing.
For any further queries please feel free to revert back to me.
Thanks and Regards.
PS:- If one of the trades is executed the other trade should automatically be canceled, for e.g.:- if a buy trade is opened the sell trade should be cancelled and if sell trades is opened then buy trades should be cancelled.