Sometimes when a project is difficult to understand or if we need to see a chart set-up showing entry and exit points with technical indicators and chart types then we will request some test-cases, these are usually screen-shots together with a description of the strategy. This test-case is an additional part of your project description, we will still need full detailed project requirements.
How to Take a Screen-Shot
A screen-shot is simply a snap-shot or partial image capture of the screen, it provides us with a clean close-up view of your trade setup.
What Is Required
We will need 2 example trade set-ups for the automated trading system that you would like us to build for you, this will involve 2 Buy signals and 2 Sell signals, the screenshot below shows an example trade setup, the information we require to see are as follows for every single trade.
- Symbol
- Timeframe used
- Trade entry date and time with a vertical line drawn.
- Trade exit date and time with a vertical line drawn.
- Include all technical indicators.
- Settings for your technical indicators.
- Your UTC Timezone - what is a UTC?
- Description of trade rules
What Does The Screenshot Tell Us?
The captured chart above shows entry and exit point for the EURUSD on a 15-minute chart, it uses a MACD Crossover indicator with settings (Close, 26, 9), the trade rules are explained below, with this example strategy the automated system will open a long position at the green line and close a long position and then open a short position on the red line. If you look at the bottom right-hand side of the image you will also see your UTC value which is shown as UTC+0
Conditions to Open a Sell Position
- The MACD Histogram value is less than zero.
- The red signal line has crossed below the blue MACD line.
- The position should open at the close of the candle and at the start of the next candle after the crossover has occurred.
Conditions to Open a Buy Position
- The MACD Histogram value is greater than zero.
- The red signal line has crossed above the blue MACD line.
- The position should open at the close of the candle and at the start of the next candle after the crossover has occurred.
Conditions to Close a Sell Position
- As soon as the red signal line has crossed above the blue MACD line.
Conditions to Close a Buy Position
- As soon as the red signal line has crossed below the blue MACD line.
How To Reduce Your Project Quote
We are able to reduce your project quote if test-case examples are provided as this reduces the total amount of time the developers will spend on the project.