The most information is on two pictures. A 1-minute timeframe is used for quick control of the indicator's functionality (tick data). The job is based on 2 already existing indicators - 1st creates trend lines - Fractals - adjustable period extended 2 .mq4. The 2nd indicator - ATR -Average True range, is built in MT4 and defines the conditions for creating a pattern - NOTE, there MUST be used value of the previous, finished candle, not of the current one.
The “a” & “b” indicate conditions successively with defined values. The "a" is the break-out step and determines the maximum price distance from the line after the break-out. The "b" confirms that it is the false break-out and this value defines the exact opposite distance price from the trend line (0.1 - 10 ATR (5)).
Terms explanation:
ALINE = Ascending trend line : DLINE = Descending trend line,
B-candle - Breaking candle. FBO = False Break-Out.
Pseudo algorithm:
THE FBO OF ASCENDENT TREND LINE
1. OPEN B-candle < ALINE , THEN
2. (a) PRICE GETS > ALINE , Max N ATR (5) , THEN
3. (b) PRICE GETS N ATR (5) < ALINE.
THE FBO OF DESCENDENT TREND LINE
1. OPEN B-candle > DLINE), THEN
2. (a) PRICE GETS < DLINE, Max N ATR (5) , THEN
3. (b) PRICE GETS N ATR (5) > DLINE.
Since it is possible to repeat the pattern multiple times on 1 line, the length of the line for FBO after breaking is determined by the formula: Length from the beginning of the line + the distance after the 1st Break-out / 2.
This value is added to the time of 1st break-out of the line. Then the line stops being used.
Last condition: Patterns are created on unfinished candles in real time. The Close price of a candle can only be used rarely. The correctness check will be on online charts.
Ähnliche Aufträge
# Project Requirements – Sierra Chart to MT5 Integrated Alerts *Scope:* The project must be a *fully integrated system* including both: 1. *Sierra Chart ACSIL sender* – writes alerts to JSON. 2. *MT5 EA (Listener)* – reads JSON alerts and executes trades in MT5. The system must handle alerts *from Sierra Chart to MT5 execution* completely, not just file sending. *Duplicate Alert Detection:* - Use
I need an Ai trading bot for Binance and BTC on MT5 that also uses order flow data. It should also make use of TSI- Temporal indicator sampling and also it should make use of fundamental analysis in the process of signal generation
Title: MT5 Forex Trading Robot Development I need a MetaTrader 5 (MT5) Expert Advisor (EA) for automated Forex trading. Requirements: 1. The robot must be fully automated and capable of opening and closing trades without manual intervention. 2. Compatible with MetaTrader 5 (MT5). 3. Adjustable lot size, Stop Loss, and Take Profit settings. 4. Built-in risk management based on account balance. 5. Ability to trade
MT5 EA Developer for Structured ICT/SMC Market Logic Requirements Specification: I need an MT5 Expert Advisor only in MQL5. No indicator, no script, no DLL, and no external API. The EA must be built on a rule-based ICT/SMC-style framework with objective, backtestable logic. I am not looking for social-media-style ICT/SMC interpretation. I need a developer who can convert trading concepts into clear coding rules. The
I need an experience programmer on news based EA, the EA will be able to fetch or return both historical and current calendar data and implore them into trading, The rest EA details will be communicated in the chat section
I need a bot that can trade weltrade synthetic indices that can be consistently making profits if you have one for deriv its also fine a bot that executes and closes trades automat Will be ideal
I am looking for an experienced MQL4/MQL5 developer to build a custom MT4 indicator from scratch or cracking my ex4 file that i provide to you. I already have an existing indicator (EX4) which produces highly accurate buy/sell signals. I want a similar indicator developed based on its observable behavior and signal structure. my existing indicator is pc id protected so you have to do PC ID security bypass and source
Alle Aufträge
Regeln
