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Scalping algo based on previous candle (IN OUT IN OUT) TYPE SYSTEM

MQL4 Experten Debugging eines Roboters/Indikators Optimierung von Strategien Module von Strategien Forex

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Ausführungszeit 8 Minuten
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Spezifikation

Scalping algo based on previous candle (IN OUT IN OUT) TYPE SYSTEM.
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BUY FORMAT
-----------

* IF PREVIOUS CANDLE WAS RED...THEN OPEN A 'BUY' POSITION.

1. TP(TARGET PROFIT) IS PREVIOUS CANDLE HIGH

2. SL(STOPLOSS) IS PREVIOUS CANDLE LOW.

-----------------EXAMPLE INSERTED (PHOTO)

-------------------------------------------------------------------

SELL FORMAT
-----------

* IF PREVIOUS CANDLE WAS GREEN...THEN OPEN A 'SELL' POSITION.

1. TP(TARGET PROFIT) IS PREVIOUS CANDLE LOW

2. SL(STOPLOSS) IS PREVIOUS CANDLE HIGH.

-----------------EXAMPLE INSERTED (PHOTO)


-------------------------------------------------------------------


IMPORTANT NOTES
---------------

* THIS IS A ALGO THAT TRADES EVERYTIME A NEW CANDLE OPENS...IT IS EITHER BUYING OR SELLING DEPENDING ON PREVIOUS CANDLE>>>>AS DESCRIBED ABOVE.


* IF THE CANDLE DOES NOT REACH ANY OF THE (TP OR SL) I NEED THE POSITION TO CLOSE ONCE TIME IS UP <<IMPORTANT<<<
EXAMPLE>> SAY I AM TRADING THE 1 HOUR CHART AND I ENTER A SELL POSITION AND WITHIN THE END OF THAT HOUR THE CANDLE HAS NOT REACH EITHER THE TP OR SL, I NEED IT TO CLOSE ONCE HOUR IS UP AND ENTER A NEW TRADE BASED UPON THE (BUY/SELL FORMAT DESCRIBED ABOVE)


* I WANT TO BE ABLE TO TRADE THIS ALGO ON ANY TIMEFRAME I CHOOSE WITHIN THE SETTINGS.

* THIS NEEDS TO BE MADE FOR MT4 ----------- AND DONE WITHIN HOURS (QUICKLY)

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LET ME REMIND YOU THIS IS A VERY VERY SIMPLE ALGO, I JUST DESCRIBE ALOT TO CLARIFY EXACTLY WHAT I WANT.

Dateien:

PNG
BUY_EXAMPLE.PNG
4.8 Kb
PNG
SELL_EXAMPLE.PNG
5.1 Kb

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