RMI Scalper
RMI Default settings:
RMI-Period: 14
MOM-Period: 5

Rules:
Sell when RMI crosses from above, below the top level. (After candle close)
Buy when RMI crosses from below, above the low level. (After candle close)
(See figure 1)

EA should have the following settings:

RMI Settings

RMI Period					14
MOM Period					5
Top Level #1					80
Bottom Level #1					20
Top Level #2 (Zero if not used)			75
Bottom Level #2 (Zero if not used)		25
Top Level #3 (Zero if not used)			70
Bottom Level #3 (Zero if not used)		30

Trade settings

Allow grid trading				True / False
Pips for next order				25 (How many pips between orders)
Max number of orders				3  (How many times to open grid orders)
Spread filer (Zero if not used)			1  (Check spread – value in pips)

Money Management

Lot size					Fixed / Auto
Base lot size					0.01 (Fixed lot size amount / base lot per X balance if auto)
Base amount ($)					2000 (Auto calculate lots on 0.01 per $2000 balance)
TP type						Fixed / Auto 
TP amount (Pips / %)				(Fixed = TP pip value / Auto = TP % of account balance)
SL type						Fixed / Auto
SL amount (Pips / %)				(Fixed = SL pip value / Auto = SL % of account balance)
Stop EA for X minutes once TP or SL hits 	10  (Don’t take any new trades for X number of minutes if selected)
Trailing stop trigger in pips (Zero not used)	15
Trailing step in points				1 (Minimum movement to move SL – in points)

Time Filter

Use time filter					True / False
Start time #1					00:15  (Input start time)
Stop time #1					13: 45 (Input stop time)
Close all open orders at Stop time #1		True / False (If true, must close all open and pending orders)
Start time #2					16:30 (Input start time)
Stop time #2					21:00 (Input stop time)
Close all open orders at Stop time #2		True / False (If true, must close all open and pending orders)

EA Magic number					112233(Any number)
EA comment					RMI Scalper



If user selected more than one level, a trade should be opened when crossing each of those levels.
(See figure 2)

First trade opened when 75 level was crossed
Second trade opened when 70 level was crossed
Third trade opened when 80 level was crossed
Forth and fifth trades should not be placed, 1 trade per level!

Trade history should be indicated on chart (As available in MT5) Red arrow = SELL / Blue arrow = BUY
Only place trades after signal candle close
Don’t show TP or SL on chart. (If % is selected, it will vary. If grid trade is selected, it must calculate the % value and monitor.)
Max number of grid orders – if 3 is selected and trades are placed on 2 levels, grid should be applied for each level.
(Max will be 6 open orders. Level 1 x 3 grid trades / Level 2 x 3 grid trades)

When you add the EA to a chart, it should automatically show the RMI indicator as well. (Without having to add it separately) RMI indicator values
to be plotted from EA inputs. (Periods and levels – if 3 levels are selected, it should automatically plot all on the indicator)
RMI color: BLUE
Level 1: Yellow	
Level 2: Green
Level 3: Orange 
(Fixed, don’t need an option to change the colors)

See figure 3 for full description with figures.