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Hi there I Want to Create an MT5 EA that TRADES or ONLY ALERT
FEATURES
- Will Open Only 1 position Always, Will not Open a position if the current position is open.
- Will Send Alert and Mobile Alert, Notifications on RSI Alert and Sweep
- Will Send Alert and Mobile Alert, Notification on Opening Position
- Will Send Alert and Mobile Alert, Notification on TP and SL
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Will Send Source Code For Future Updates, Revision, Plus other specifications that will be encountered to be discussed with coder
= Has 2 Engulfing Rectangle Time Frames Marked (* Abbreviation EG = Engulfing)
= Has 2 RSI on the Same Window on 2 Different TimeFrames
= Bullish EG means a Bearish Candle High is Engulfed by body of a Bullish Candle.. Can be 1 Bullish Candle, 2, 3 or 4 Bullish Candle.. BUT cannot have a Bull Candle before the body of the Bear Candle is Engulfed.. VICE VERSA for Bearish EG...
Strategy
= HTF make engulfing pattern ( Bullish EG or Bearish EG ) Near the Current Price
= LTF make engulfing pattern inside the HTF engulfing pattern
= Once Price comes into one or both of these rectangle zones, this is the trigger to start looking for entries
Entry Strategy
= If RSI is turned on, price from at least 1 of the RSIs must be above 80 for low probability
= If price is above 90 on 1st RSI its medium probability entry
= If price is above 90 on 2nd RSI its high probability
If Sweep is turned on, we must wait for price to be within the engulfing zone
A wick sweep must occur (Bullish candle high sweep previous candle high or Bearish candle low sweep previous candle low)
Money Management is For Account Risk Settings
______________________________________
=========== General Settings========
Trading Start 00:00 //Stops alerts/Trades
Trading Stop 18:00 //Stops alerts/Trades
Trading NO // if this is no, we only alert not trade
Candle Bars Count 300 // Number of Bars to Check for EG and Sweep or RSI = Example: 300 Bars
Alert ON // Alerts On and OFF
Alert Push Notifications ON // Mobile Alerts On and OFF
Comment // Any Text
============ Money Management =================
Lots Manual //Using Lot Size defined by user
Auto Level // (OF or On) If ON Auto Lot Level 1 = 0.01 Lot Per 100$ Account Balance Please Show on Display Options
Amount $ //means lotsize per dollar value (Example 1 Pip = 1$ Value)
SL PIPS //Default is pips
ATR //SL using ATR
H/L //Recent High or Low
TP 2R //This the Risk to Reward
Trail ON // On and OFF
Trail Start Pips 0 // Starts Trailing at Example 10 Pips
Trail Steps Pips 0 // Trailing Distance in Pips.. Example 10 is Set, Trail is 10 Pips Distance from Current Price
Equity Protect Amount $300 //If account reaches $300 DD or Loss we stop EA for day
Take Profit Amount $800 //Target to stop EA for Prop/Live Accounts
Stop Loss Amount $1000 //If account hits SL all trading is stopped
================= STRATEGY SETTINGS =================
Entry Sweep //if SWEEP means we only use Sweep as entry within Engulfing Zones
RSI //if RSI means we only use RSI as entry with Engulfing Zones
BOTH //If BOTH means we use both as entry criteria
HTF Engulfing H4 // Drawing rectangles for higher Timeframe Engulfing ( Changeable, Default is H4)
LTF Engulfing M15 // Drawing rectangles for lower Timeframe Engulfiing (Changeable, Default is M15)
RSI ON //If ON means we must use RSI as entry/confluence
HTF RSI M15 3 //RSI(3) showing M15 ( Changeable, Default is M15)
LTF RSI M5 3 //RSI(3) showing M5 within the same window ( Changeable, Default is M5)
2TF Sell 90 // level 90 ( Changeable, Default is 90)
Sell Alert 80 // level 80 ( Changeable, Default is 80)
2TF Buy 10 // level 10 ( Changeable, Defaulit is 10)
Buy Alert 20 // level 20 ( Changeable, Default is 20)
HTF EG Color Red // changes the color for the HTF Engulfing
LTF EG Color Blue // changes the color for the LTF Engulfing
>>>>>>>>>>>>>>>>>>> Illustrations <<<<<<<<<<<<<<<<<<<<<<<<
Trading View Link for Engulfing Codes Might Help U
MTF Engulfing Zones — Indicator by pebs85 — TradingView
