When the indicator shows a buy arrow, place a buy stop at x pips at the high of the candle. If x = 0, open a buy trade.
When the indicator shows a sell arrow, place a sell stop at x pips at the low of the candle. If x = 0, open a sell order.
The ea should have Trade time, buy only option, sell only option, trailing stop, partial close, %risk, lot size, breakeven, magic number etc
The ea should only place trades at the close of the candle not immediately the signals appears.
When in a buy trade and a sell signal occurs, close the buy trade and open a sell trade (either pending order or market order as the case may be) OCO.
The stoploss for a buy trade should be placed at the last fractal down before the buy signal
The stoploss for a sell trade should be placed at the last fractal up before the sell signal
The ea should have an option for adjusting the indicator values.
The ea should have a true or false option for ‘safe mode’
When in safe mode, if the first trade ends in profit, the ea should no trade that pair again for that day.
I want the ea to take trades only when a trade occurs. If I drop the ea on a chart, I want it to wait for the next signal before trade it should not trade the current indicator signal.
Ea should work on both renko charts and normal charts.