Legend
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Platform
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Rules
•The robot will run (e-mini) from 9:30 am until 4:00pm and then resume 5:30 pm to 8:30am ( allow run times to be set according to markets within robot)
•All trades need to be marked where they were executed
•If 3 or more pts have been made in a trading session the robot will no longer trade for that session ( allow this number to be adjusted)
•If 2 consecutive trades are loss the robot will no longer run for that particular session. ( allow that number to be adjusted if desired)
•Contract size will increase by 1 for every $3500 of profit earned. (allow to be adjusted as desired)
•The robot will need to be able to run on the DAX, YEN, S&P e-mini (allow to be changed for desired instrument, account for decimal differences)
•The robot will perform on a 533 tick chart (e-mini), 50 tick chart(Dax), or 200 tick chart(Yen) (not sure if it will matter)
•An email will be sent every time a trade is opened and closed
The Trade
Once the swing point indicator signals a swing point, a Fibonacci tool will be applied with the 50% level being placed on the 1st candle after the swing/pivot points midpoint.
Stop loss = 127% Level plus 2 ticks
Target = 0% level or pivot point line. whichever is closer but after 1 tick check.
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Things to check before executing trade
Has the robot loss more than 2 consecutive trades in a row? Yes = do not execute, No = proceed
Is the robot running during scheduled time? Yes = Proceed, No = Do not execute
Does pivot, pivot plus one, or pivot minus one have a high volume (green candle below) candle? Yes = Proceed , No = Do not execute
Distance between price and 0% level is it greater than/= to 1 ticks? if yes take trade, if no do not execute
Scripts & Tools
Tick Chart Script - open code written in VB net (may not be needed)
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When & How to change position size - open code written in VB net
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How to draw a fib script - open code written in VB net
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Needs to have more levels added
Levels on Fib tool
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Swing point Indicator - (programming idea for a thinkscript indicator)
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volume bar indicator - Written in thinkscript on Think or Swim
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Midpoint indicator - Written in thinkscript on Think or Swim
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Pivot point Indicator - [login to view URL]
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Screenshots
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