It is really confusing to have . so I am going to break existing EA to two EA.. I have given below EA .. will give next multiple chart EA later in next job.
In below EA , all are same rule except rule 2: Just copy paste logic from earlier EA ..
BUY RULE:
Rule 1: last closed candle trend decider is up/buy (Need a timeframe input in EA for Trend decider, When I change timeframe in chart, that should impact EA functionality.
Rule 2: This should be first trade in a trend (Buy trend) in trend decider indicator. Only one trade per trend.
Chart EURUSD, H1, 2021.05.10 01:50 UTC, Quantix FS Limited, MetaTrader 4, Demo - MetaTrader Trading Platform Screenshots (mql5.com)
Attached link shows buy trend candles(marked in blue). In this candle marked only one trade can be done. Second trade should not be done.
Currently What happens is, all buy condition is meet post take profit trade closure and next trade is done which mostly result in loss. Happy to discuss this more in our chat.
SELL RULE:
Rule 1: last closed candle trend decider is down/Sell (Need a timeframe input in EA for Trend decider, When I change timeframe in chart, that should impact EA functionality.
Rule 2: This should be first trade in a trend (Sell trend) in trend decider indicator. Only one trade per trend.
Buy Trade Risk: Trade point to Last candle close Low.
Sell Trade Risk: Trade Point to last candle high
Intraday stop loss:
Buy: Support line- (n *ATR)
Sell: Resistance Line +(n*ATR)
Buy Trade: When a candle closed below price reversal Zig Zag low or price hit Buy intraday stoploss.
Sell Trade: When a candle closed above price reversal Zig Zag high or price reached sell intraday stoploss.
Trade Close:
True and False option for each option
Buy Trade Closure: when price hit Trade point+ (N* Buy Trade risk) or trend decider is turned sell
Sell Trade Closure: when price hit Trade point+ (N* Sell Trade risk) or trend decider is turned sell
N is input.
Volume of trade: Make $ of maximum loss as input parameter. volume should be based on $ loss given input.
New Indicator:
Same Resistance line and support line logic.
Support Line: low of Buy Price action candle(candle which closed above previous day candle high) is support line.
Resistance Line: high of Sell Price action candle (candle which closed below previous day candle low) is Resistance line.
When price is trading above support and resistance then it is buy
When a price is trading below support and resistance then it is sell
When price is trading between support and resistance then it is no signal
Parameter.
Timeframe of chart.
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