Doji Style

1

(Feel free to download this at absolutely no cost, if you like it I have a scalping manager here: https://www.mql5.com/en/market/product/101312 )


[Feel free to suggest on improvements that can be implemented. This EA will forever remain free.]


Timeframe: 5 Min upwards (The 1 minute timeframe has very short candles, stoploss cannot be set)

Currencies: Multi


Settings:

Lotsize: the trading volume for the EA

How long a position will be held: 900 000 milliseconds for the 5 minute time or an equavalent of 3 candlesticks

How far EA should look: 10 candlesticks back, this one is user preferred, it determines how far back the EA will look to determine if the detected doji occurs at an extreme position (has highest high or lowest low)

Ratio of shorter shadow: How long you want the short tail of the doji to be

Ratio of longer shadow: How long you want the longer tail to be


(By adjusting these settings, you can affect how profitable the EA is, for example, if you increase the duration in which a position is held, in a good a market reversal the profits can be quite significant. The shadows/tails affect the frequency of trading, as if its less strict it will take more trades albeit, the quality of the dojis will be afected as well.)


EA summary

As the name suggests, Doji Style is an EA for trading the doji, specifically the hammer candlestick. It is a very special kind of doji that mostly often occurs where there is a trend reversal. 

This EA was created by looking closely at the description provided by the book "Naked Forex". This is a very conservative EA, it lies in wait targeting a very good doji to trade. 


NB: if you are to enable the 1 minute timeframe, be aware that in certain currencies it might not set the stoploss because of the very short candlesticks.


[Made in Botswana]


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EA Summary If you are a scalping trader who wants to place and close trades quickly and efficiently, you need a powerful tool that can help you achieve your goals. That's why we created the   Deriv Scalp Manager   EA, a smart and easy-to-use expert advisor that automates your trading process and saves you time and money. With the   Deriv Scalp Manager , you don't have to worry about calculating your stop loss or take profit levels, or manually closing your trades. All you have to do is enter th
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khawar abbasi
48
khawar abbasi 2026.05.31 14:20 
 

useless

Passakon Ekaburudkul
388
Passakon Ekaburudkul 2024.01.09 11:47 
 

Negative feedback.

oldplayer
244
oldplayer 2024.01.08 15:22 
 

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