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Spezifikation
Scalping algo based on previous candle (IN OUT IN OUT) TYPE SYSTEM.
----------------------------------------
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)
-------------------------------------------------------------------------------------
LET ME REMIND YOU THIS IS A VERY VERY SIMPLE ALGO, I JUST DESCRIBE ALOT TO CLARIFY EXACTLY WHAT I WANT.
----------------------------------------
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)
-------------------------------------------------------------------------------------
LET ME REMIND YOU THIS IS A VERY VERY SIMPLE ALGO, I JUST DESCRIBE ALOT TO CLARIFY EXACTLY WHAT I WANT.
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