MT4 EA for Price Action

Job finished

Execution time 8 days
Feedback from employee
Very Good Customer!
Feedback from customer
Best coder ever! Very detailed, fulfill the requirements, with patience of course! 5 stars!

Specification

Good day!


MT4 EA Running in logic summarized below:


Currency Pair: Example to apply on EUR/USD 5 minutes Chart

Lot size for first entry: Example to apply with 0.1 lot size

Technique: Any low spread low commission chart scalping (for any timeframe)



Bullish Engulfing As Example for the logic (setup bearish engulf based on similar principles, just the workaround vice versa)
1. Previous japanese candlestick bar black in color (A)
2. Current latest japanese candlestick bar white in color (B)
3. (B) Open Price compare with (B) Close price =/> 2 pips AND </= 11 pips
4. B close price > A close price
5. Set buy limit price at "-50% of (B) close price"; profit target = "close price of (B) - open price of (B)"; 
   (C) Stop Loss = 1 pip below either "low" of (A) or (B)
6. When buy limit setup above, at the same time, at level of stop loss, create sell stop 
7. Lot size always "double" the first entry; profit target level resemble stop loss pips [if (C) previous = 3 pips, 
   then shall it be 3 pips then]; stop loss = 1 pip above either "high" of either (A) or (B) or past 3 historical candles; 
   stop loss level create another buy stop with similar principle & repeat same thing again & again until 
   profit realize in "x" number of trades

Other Important General Ruling
8. If first trade profit target hit, cancel the sell stop
9. New trade only start after first or its next consecutives trade hit profit
10. If first trade buy limit didn't trigger & new trade opportunity arise, cancel the first trade & proceed new trade as per principles above


Thanks.

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Project information

Budget
30 - 200 USD
Deadline
from 5 to 10 day(s)