Develop an EA based on a simple Forex Trading Strategy

MQL4 Experts

Specification

Input Option of previous monthly or weekly or daily high and low for trigger entries. Draw lines on chart of input selected.
Long example:
Step 1- close above previous (monthly) high
Step 2 - opposite candle close. Creating resistance ( bullish bearish after high)
Step 3- when price breaks the highest point between bull and bear candle or resistance.
Send email or alert. And print lot size entry on chart.

Stop loss under line( monthly high). And Under first previous “pivot” or bear bull combo

Risk reward lines printed on chart 1:1,2:1,3:1,4:1

Automatically calculates lot size depending on percentage risk input and prints it on chart. User has to manually copy lot size and input trade. No robot trading.

Resistance is just monthly high and support is monthly low of previous month. I will be selling at support and buying at resistance after price action confirms it on lower time frames such as m5 m15 or m30. For higher support and resistance I also want to have the option to input weekly and daily previous high low.

Attached you'll find an example of m15 entry. The line that separates green and black background on chart is the previous monthly low.

Thanks

Files:

JPG
example_1.jpg
277.1 Kb
JPG
example_2.jpg
259.8 Kb

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