Indicator based on fractal

Indicators

Job finished

Execution time 5 days
Feedback from employee
thank you, good work.

Specification

indicator mql4

pop up, sound, arrow display all yes/no in menu

logic

 

 

sell logic

  
   
   

search for

yes

no

   

fractal candle only

*

 
   

bullish candle only

*

 
   

bullish candle 1 & 2follow

 

*

each other

  
   

any other candle in beetwenn

*

 
   

bullish candle No1/leader

*

 
   

bottom fractal

*

 
   

then search for

  
   
   

bullish candle No2

*

 
   

top fractal

*

 
   

Close candle No2

*

 

<= close candle 1

  
   

sell at open

  
   

if

  

bullish C2 same type as C1

  

then become new leader

*

 

 

 

 here under €/$ 1 minute this morning (now)

look for fractal candle 

see first candle blue up arrow

+ candle & bottom fractal = +C1 

then next fractal  is bearish = skip

the sml one doji style is bearish with bottom fractal = skip

then looks good

under blue arrow

candle + & fractal on top = +C2

fractal C1 & C2 are -/+   ok

close filter

close +C2 <= +C1

fractal signal late of one candel so sell at open is where is the blue cross.... 

 

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

 now buy logic

 

buy logic

  
   
   

search for

yes

no

   

fractal candle only

*

 
   

bearish candle only

*

 
   

bearish candle 1 & 2 follow

 

*

each other

  
   

anyother candle in beetween

*

 
   

bearish candle No1/leader

*

 
   

top fractal

*

 
   

then search for

  
   
   

bearish candle No2

*

 
   

bottom fractal

*

 
   

Close candle No2

*

 

>= close candle 1

  
   

buy at open

  
   

if

  

bearish C2 same type as C1

  

then become new leader

*

 

lets find picture now

 gbp jpy 4H

-C1 ok ( bearish & fractal on top) = leader 

 other fractal candle are not valid until next first bearish candle

-C2 ok valid ( bearish & fractal bottom ) valid

close -C2 >=-C1

 

 

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

some other pics

 

 

 

 

 

Responded

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Project information

Budget
10 - 50 USD
Deadline
from 1 to 3 day(s)