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Execution time 2 days
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Feedback from customer
Hi, I'm trader based on scalper. I trade mostly on M5 timeframe and few times on H1 timeframe.
I analyse the general structure/trend of the market which helps me in identifying the general direction of the market but I'm very observant on entry level until the area is either resistance/support level (regardless I've identified the market direction). Hence, I need a sound alert to tell me when my conditions below are met. An alert is very important especially I can't keep track what is happening on the M5 timeframe.
The following are my requirements:
1. If the difference in price (candlestick LOWs for BUY and candlesticks HIGHs for SELL setups) between two consecutive candlestick is less or equal to 1 pip (pip<=1) [0.0001 for EURUSD and other major currency or 0.01 for XAUUSD, AUDJPY and other related currencies]. Then, the LOWEST of the two candlestick price for BUY setup/the HIGHEST of the two consecutive price for SELL setup is taken.
2. The difference is to be calculated between the determined LOWEST for BUY/the HIGHEST for SELL and the previous (50 candlestick for M5 timeframe and 30 candlestick for H1 timeframe).
3. If the difference between the initially determined LOWEST for BUY/the HIGHEST for SELL is and any of the given number of the previous candlestick (specified in this 2nd step) is less or equal to 1 pip for M5 timeframe (difference<=1 pip) or less or equal to 5 pips for H1 timeframe (difference<=5 pips) then a sound alert should be made.
4. I'll manually enter a trade (after receiving the sound alert) after I confirm personally on my conditions/strategy.
I sincerely in need of the sound alert since I cannot keep track the chart till the above conditions are met especially considering that I trade on M5 timeframe and I'm open to the idea of dividing the alert which can make it more smooth and swift.
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