I am pretty new to trading here but I do have a strategy which i would like to have it programmed into an EA.
Unfortunately, I am not really an IT person who knows nothing bout codes and etc. Hence I will appreciate the help from any of you on this matter.
Indicators:
(i) 200 - SMA
(ii) 10 - RSI (Close) with levels 30 & 70
(iii) 20 - ATR
Buy Rule:
(i) RSI crosses level 30 from below after candlestick closes
(ii) That candle closes above SMA (200)
(iii) A buy stop is placed at the high of the candle
(iv) A stop loss at two times the ATR (20) is placed below the entry price
(v) A take profit level of 2.5x the value of stop loss is placed
Sell Rule:
(i) RSI crosses level 70 from above after candlestick closes
(ii) That candle closes below SMA (200)
(iii) A sell stop is placed at the low of the candle
(iv) A stop loss at two times the ATR (20) is placed above the entry price
(v) A take profit level of 2.5x the value of stop loss is placed
Risk Allocation:
EA should allow user to key in the risk level (%) and an amount ($) as fixed equity balance to calculate the lot sizing. For example, if I key in 2% for the risk level and $10,000 as for the fixed equity balance, I will always be risking $200 for all the trades no matter how does my account’s actual equity move.
Once again, I would like to thank you all for spending your precious time on this thread.