Asian Close Expert Advisor and Indicator

MQL4 Indicators Experts

Job finished

Execution time 11 days
Feedback from customer
fast

Specification

Draw a Box round the highs and lows of the 06:00 GMT to 10:000 GMT Box range. Please make it automatic to take into consideration DST.

The strategy:
1-06:00-10:00 GMT BOX Range (**)pips
2-Wait for Setup to be done Done. wait for closing BAR.  If the price closes over 50% of the target#1, then do not open the trade.
3- calculate your risk R:R (Pips / Risk (*%) of my account based on the size of the box

4 - Open 3 separate orders that totals 1% risk
5- Open your Market Order

6-Rule of exit: 
     A- (Take Profit#1): Order#1 take profit at 50% pips of the range of the box.
     (Take Profit#2): Trade at 100% pips the range of the box.
     * **When price reaches 90% of the target, then move stop loss up 80% in the money.
     **** Optional: After target#1 is hit, then move 3rd order's stop behind the tip of the candle and the following candles thereafter.
     **** Optional: Allow the toption for the user to let order#3 take profit at target#1 or target#2.


     B- Exit Rule: 
       Use
Stop loss. But only exit if the 1 hour bar closes below the initial stop loss ( or above the initial stop loss)

(1)  http://icecream.me/512bb506a70b04a1879c85284c1465f9

(2) https://www.forexfactory.com/attachment.php?attachmentid=3602487&d=1586460129


Example of strategy: https://www.forexfactory.com/attachment.php?attachmentid=3601980&d=1586428246



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Project information

Budget
30+ USD
For the developer
27 USD