XAUUSD TREND TRADING EA

MQL4 Experts

Specification

Xauusd

The daily.

The daily time frame will show  engulfing  bullish or bearish which will determine the direction.

30 time frame.

If theres bulish engulfung on the daily, on the 30m time frame the will  be buy every 30 min candle open when the markert is going again the bullish virce verser.

Lot size

Please refer to the picture.

Tp
Since its xauusd the tp will be 200 pips.
For example buy possition is opened 0.01 at 30min open candle, then tp at 200 pips. Then the market continues to sell then in 30 min another 0.01 buy possition opened then  if the the makert goes above the second 0.01 in 30 min the trade wont be opened , until its below , then the next 30 min candle it opens 0.02  then if the makert continues going it openes 0.02.

Lossing senariour

Now there 4 buy trades runing at a loss(all the tp for all  4 trades will be on the same posstion as the first trade for example all on 1.4453) If the market decides to be bullish  and hit the tp all the trades will close since tp is the same .

But if it continues to bearish in 30 min another 0.03 will be opened then the firtst 0.01 will be closed , then the tp will still be 200 pips of the last 0.01 trade , all trades the tp will be located on the same position.

Wining senario.

The buy 0.01 is opened then the makert goes bullish and hit 200 pip take profit

Then in 30m another 0.01 is opened then the marked continue to go bearish then another 0.01 open , then the makert goes bullish and hit both tp at 200 pip tp to the firtst trade.

For sell trades the opesite will happened.

EA options

*Start lotsize ( for example 0.01)
Meaning i can also modify this to start at 0.10

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