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EA for use on MT5, simple strategy based on the High and Low of candles

MQL5 Experten Optimierung von Strategien

Spezifikation

Hi, I need to make an EA for use on MT5, on a simple strategy based on the High and Low of candles. Below is the strategy where I should be able to change the variables (number of candles, candle frequency, hours, multiplier, etc):


Entry Long

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

Open Position = 0

AND

CMP > Highest High of last 5 candles

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


Exit Long

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

Time > Entry Time + 5 hours

AND

CMP < Lowest Low of last 5 candles

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

OR

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

Time < Entry Time + 5 hours

AND

CMP < Lowest Low of last 5 candles

AND

CMP < Entry Price * 0.99

--------------------
OR
--------------------

Time < Entry Time + 5 hours

AND

CMP < Lowest Low of last 5 candles

AND

CMP > Entry Price

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

 

Entry Short

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

Open Position = 0

AND

CMP < Lowest Low of last 5 candles

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


Exit Short

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

Time > Entry Time + 5 hours

AND

CMP > Highest High of last 5 candles

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

OR

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

Time < Entry Time + 5 hours

AND

CMP > Highest High of last 5 candles

AND

CMP > Entry Price * 1.01

--------------------
OR
--------------------

Time < Entry Time + 5 hours

AND

CMP > Highest High of last 5 candles

AND

CMP < Entry Price

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


At any point, only one of the two (Long or Short) entries should be active. 


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