Candle Trading EA

MQL4 Experts

Job finished

Execution time 13 days
Feedback from employee
Understable, always cooperated with the job and him sanity helps with improve the EA
Feedback from customer
He did a great job. He is highly recommended.

Specification

For the calculation purposes, the Candle calculation should be taken from the Current Chart , the EA is attached.  ( i.e 5 minute chart, 10 minute chart... all have their own calculations for the EA based on the chart timing )  



EA must have schedule time for start and stop .

Lot size for the entry is a variable .

 


- The last 3 candles from the chart must be considered for taking Buy or Sell trades .  

-Trade entry after 2 consecutive candles in the same direction .

-Order for entry must be placed at the closing of 2nd consecutive candle  low or high . 

-SL on the H/L of the previous candle.

-TP should be calculated by taking the high and the low of previous 3 candles adding them and taking their average pip for TP.

**********************************************************************************************************************************************************

For Buy Trade 


- The previous two candles must be green .( Closing is higher than their openings).

- The entry of the  trade on current candle at the high of the previous candle. 

- At the close of the current candle,if the order is not filled, it must be cancelled provided if the current candle closed low .




For Sell Trade 


- The previous two candles must be Red .( Closing is lower than their openings).

- The entry of the  trade on current candle at the high of the previous candle.

- At the close of the current candle,if the order is not filled, it must be cancelled provided if the current candle closed High .


 *****************************************************************************************


SL Trail Formula 


Lets suppose trade is taking on candle "A: ,and the subsequent candle is candle "B".


For Sell trade  SL trail.


1- If the subsequent candle B closes below the closing price of Candle A, then

Move SL to the entry price  of the trade.

2- If the subsequent candle B closes Above the closing price of the Candle A, then 

Move the SL to the high of the candle A


For Buy trade  SL trail.


1- If the subsequent candle B closes above the closing price of Candle A, then

Move SL to the entry price  of the trade.

2- If the subsequent candle B closes below the closing price of the Candle A, then 

Move the SL to the low of the candle A

 


************************************************************************************************************************************






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Project information

Budget
30 - 50 USD
For the developer
27 - 45 USD
Deadline
to 3 day(s)