FiveRules

FiveRules is a system based on plotting two candlesticks by their Open and Close combined with the candlestick levels.

Features

1. Covers losing positions by identifying and closing winning positions.
2. Automatic stop loss
3. Automatic take profit
4. Each rule and action can be controlled by disabling a particular function

Parameters

• rule1,..., rule5 - rules from first to fifth, if true - enabled, if false - disabled
• buy1,..., buy5 - open buy position, if true - enabled, if false - disabled
• sell1,..., sell5 - open sell position, if true - enabled, if false - disabled
• Total_b_1,..., Total_b_5 - the number of buy orders opened by the first rule
• Total_s_1,..., Total_s_5 - the number of sell orders opened by the first rule
• plusorder1,..., plusorder5 - additional order, if true - enabled, if false - disabled
• DistanceOrderOpen_r1,..., DistanceOrderOpen_r5 - distance for opening orders

• slippage - analyze the spread
• Lots2 - Lot of the additional orders
• PriceDeviation - deviation of the price from the levels, in points (if set to 0, looks for candles that closed or opened at the same level)
• AutoSl - automatic Stop loss, if true - enabled, if false - disabled (sets the Stop loss based on the nearest fractal)
• min_sl - minimum allowed Stop loss in points (in case the Stop loss is very small), if 0 disabled
• AutoTP - automatic Take profit, if true - enabled, if false - disabled (works as 1:2 to Stop loss, if Stop loss is 50, then Take profit will be 100 (x2))
• TP - Take profit
• SL - Stop loss
  

• AutoClose - close unprofitable orders by profitable orders, if true - enabled, if false - disabled
• Total_Cl - maximum number of profitable deals
• Loss - cover if loss exceeds the specified value

Description of entry rules

First rule: buy signal and sell signal

1. Buy signal: both candles are rising long (bullish). Body of the first candle closed at 1.0623 and bode of the second candle also closed at 1.0623 (at the same level). A certain level is plotted between them. once this levels is touched, a buy deal is opened.
2. Sell signal: both candles are falling short (bearish). Body of the first candle closed at 1.0610 and bode of the second candle also closed at 1.0610 (at the same level). A certain level is plotted between them. once this levels is touched, a sell deal is opened.

Second rule: buy signal and sell signal

1. The first candle is growing (long bullish), its Open is 1.0600. The second candle is falling (short bearish), its Close is 1.0600. A certain level is plotted between them. once this levels is touched, a buy deal is opened.
2. The first candle is falling (short bearish), its Open is 1.0500. The second candle is growing (long bullish), its Close is 1.0500. A certain level is plotted between them. once this levels is touched, a sell deal is opened.

Rules 3,4,5 are described in the Screenshots