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

Scalping algo based on previous candle (IN OUT IN OUT) TYPE SYSTEM.
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BUY FORMAT
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* IF PREVIOUS CANDLE WAS GREEN...THEN OPEN A 'BUY' POSITION.

1. TP(TARGET PROFIT) = ONLY TAKE PROFIT ONCE CANDLE HAS ENDED <<< THIS IS IMPORTANT --- NO FIXED TP -- ONLY TP ONCE CANDLE HAS CLOSED.

2. SL(STOPLOSS) IS PREVIOUS CANDLE LOW.

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

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

1. TP(TARGET PROFIT) = ONLY TAKE PROFIT ONCE CANDLE HAS ENDED <<< THIS IS IMPORTANT --- NO FIXED TP -- ONLY TP ONCE CANDLE HAS CLOSED. -- EVEN IF CANDLE CLOSES FOR A LOSS, IT STILL NEED TO BE CLOSED.

2. SL(STOPLOSS) IS PREVIOUS CANDLE HIGH.

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


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IMPORTANT NOTES
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* 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 (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 REACHED THE SL OR EVEN IF ITS IN PROFIT, I NEED TO TO CLOSE. THEN 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.