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Hi,
Im attempting to write an EA from a manual system that I have been trading.
I have an EMA centre and a couple of bands either side. When the price bounces of either of the BB's then I will open an order in the direction of a stoch indicator.
My issue is that when I trade this manually I make adjustments to when to actually open an order depending on the market conditions.
Is there any "standard" thoughts as to when a direction change is actually more than likely going to stick i.e. - two same type candles in a row that are closed etc. Im working of a 1M chart.
My other issue is that Im looking at another time frame before placing an order. Is it possible that my EA can also interact with the other time frame chart ( 5M )?
Thank you