Build an EA based on Gann Made Easy

MQL4 Experten

Spezifikation

EA to be created in MT4 or MT5. The indicator to be used is Gann Made Easy: https://www.mql5.com/en/market/product/73721?source=Unknown


EA to be created in MT4 or MT5. The indicator to be used is Gann Made Easy: https://www.mql5.com/en/market/product/73721?source=Unknown

Always open 2 position for the reason described later.

For example if enter 0.01 lot, this means will open 1 position 0.01 lot and another 1 position 0.01 lot. If enter 1 lot, this means open 1 position of 1 lot and another 1 position of 1 lot.

 

Two options of timeframe to choose as basis: TF1 and TF5

If basis (A) is TF1, then higher time frame (B) is TF5

If basis (A) is TF5, then higher time frame (B) is TF15

 

Option A (no need to look at higher timeframe (B)): once the indicator gives Signal Level, open 2 positions as of basis (A) arrow

Once hit TP1, close 1 position and set this TP1 to become SL and then set TP 2 become target for the other one position (which means the other one will either hit TP2 or TP1)

SL as of SL basis (A)

 

Option B (always check at higher timeframe B): Once the basis (A) indicator gives Signal Level, open 2 positions but basis (A) arrow must be same in the same direction as of higher timeframe (B) arrow and TP1 for basis (A) must be within SL to TP2 range of higher timeframe (B) (so lower risk as target for basis A is always within range of target for higher timeframe B)

Once hit TP1 as of basis (A), close 1 position and set this TP1 to become SL  and then set TP 2 become target for the other one position (which means the other one will either hit TP2 or TP1)

SL has 2 options to choose manually later:

1.      If hit SL basis (A) or arrow basis (A) change direction

2.      If hit SL higher timeframe (B) or arrow higher timeframe (B) change direction (theoretically less frequent to hit SL?)


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