As these are quite basic strategies, I am hoping that a developer will be able to offer them at an affordable fee, as they may have programmed very similar EA's already.
EXTREME STOCHASTICS SYSTEM
Basic idea is that when the stochastic hits an extreme level, the market tends to cause even more pain and rather than reversing from the overbought/oversold position it will continue in the same direction.
Also be able to use the same EA to back a reversal rather than a continuation.
Entry rule:
- Enter at market as soon as extreme stochastic level is exceeded at close of bar;
Exit rule:
- TP and SL: either a fixed number of pips each or a factor of ATR
Variables and some default settings to start with:
Timeframe = 1min
ExtremeLevel = 99;
Continuation = TRUE; (true is continuation strategy, false is reversal strategy)
TP/SL pips = TRUE; (selection between fixed pips TP/SL or % of ATR TP/SL)
TPPips: 10
SLPips: 10
ATR_TPfactor = 0.8 (ie take profit level will be ATR x 0.8)
ATR_SLfactor = 0.8
Also need allowable trading times to be set, default to ALL.
MARKET PREDICTOR SYSTEM:
Basic idea is that the direction during a defined time period will predict the future direction. At close of the defined time period we will enter a market entry in the same direction (or can be set as opposite direction) as the movement in that initial period.
InitialPeriodStart: e.g. 08:30
InitialPeriodEnd: e.g. 09:00
Continuation: true (filter for entering WITH of AGAINST the direction of the initial defined period)
UseMinimumATR: true (filter for minimum movement or not)
MinimumMoveATR: e.g. 0.5 (difference between OPEN and CLOSE should exceed this number)
TP/SL pips = TRUE; (selection between fixed pips TP/SL setting or % of ATR TP/SL)
TPPips: 50
SLPips: 50
ATR_TPfactor = 0.8 (ie take profit level will be ATR x 0.8)
ATR_SLfactor = 0.8
Use TradeTimeClose : true (to allow time to close of trade if don’t want to sleep with positions)
TradeTimeClose: 16:00 (time trade to be exited if no SL/TP hit by that time)
BASIC ADJUSTABLE BREAKOUT SYSTEM
Define a trading range and then trade a breakout of the system with a stop entry. Stoploss is a break of the other side of the range + small buffer. TP is fixed number of points or ATR based target. Trade to close at specific time if no SL or TP triggered.
RangePeriodStart: will need to set days of week (e.g. Monday, or every day) and time
RangePeriodEnd: will need to set days of week and time
EntryBufferPoints: to set a small buffer for the stop entry, eg 5 pips above the high or 5 below the low
BothEntries: true (if true will take the long and short break if both occurs, if false only take the first break of range)
SLBufferPoints: to set a small buffer for the stoploss level
FixedTP: true (true will use fixed TP, false will use ATR based target)
TPPoints: x points to set TP order
ATRPeriod: eg daily of 30min for x periods
ATR_TPfactor: 1.75 (eg 175% of ATR)
TradeCloseTime: Date and time (eg same day at 16:00, or Friday at 16:00)
EXTREME STOCHASTICS SYSTEM
Basic idea is that when the stochastic hits an extreme level, the market tends to cause even more pain and rather than reversing from the overbought/oversold position it will continue in the same direction.
Also be able to use the same EA to back a reversal rather than a continuation.
Entry rule:
- Enter at market as soon as extreme stochastic level is exceeded at close of bar;
Exit rule:
- TP and SL: either a fixed number of pips each or a factor of ATR
Variables and some default settings to start with:
Timeframe = 1min
ExtremeLevel = 99;
Continuation = TRUE; (true is continuation strategy, false is reversal strategy)
TP/SL pips = TRUE; (selection between fixed pips TP/SL or % of ATR TP/SL)
TPPips: 10
SLPips: 10
ATR_TPfactor = 0.8 (ie take profit level will be ATR x 0.8)
ATR_SLfactor = 0.8
Also need allowable trading times to be set, default to ALL.
MARKET PREDICTOR SYSTEM:
Basic idea is that the direction during a defined time period will predict the future direction. At close of the defined time period we will enter a market entry in the same direction (or can be set as opposite direction) as the movement in that initial period.
InitialPeriodStart: e.g. 08:30
InitialPeriodEnd: e.g. 09:00
Continuation: true (filter for entering WITH of AGAINST the direction of the initial defined period)
UseMinimumATR: true (filter for minimum movement or not)
MinimumMoveATR: e.g. 0.5 (difference between OPEN and CLOSE should exceed this number)
TP/SL pips = TRUE; (selection between fixed pips TP/SL setting or % of ATR TP/SL)
TPPips: 50
SLPips: 50
ATR_TPfactor = 0.8 (ie take profit level will be ATR x 0.8)
ATR_SLfactor = 0.8
Use TradeTimeClose : true (to allow time to close of trade if don’t want to sleep with positions)
TradeTimeClose: 16:00 (time trade to be exited if no SL/TP hit by that time)
BASIC ADJUSTABLE BREAKOUT SYSTEM
Define a trading range and then trade a breakout of the system with a stop entry. Stoploss is a break of the other side of the range + small buffer. TP is fixed number of points or ATR based target. Trade to close at specific time if no SL or TP triggered.
RangePeriodStart: will need to set days of week (e.g. Monday, or every day) and time
RangePeriodEnd: will need to set days of week and time
EntryBufferPoints: to set a small buffer for the stop entry, eg 5 pips above the high or 5 below the low
BothEntries: true (if true will take the long and short break if both occurs, if false only take the first break of range)
SLBufferPoints: to set a small buffer for the stoploss level
FixedTP: true (true will use fixed TP, false will use ATR based target)
TPPoints: x points to set TP order
ATRPeriod: eg daily of 30min for x periods
ATR_TPfactor: 1.75 (eg 175% of ATR)
TradeCloseTime: Date and time (eg same day at 16:00, or Friday at 16:00)
