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WARNING
i had given job to create trading robot of this formula to many developers and wasted time and money. They are not able to understand and code it correctly.
So please read it carefully and then apply for it if you really can do it.
1: Please read carefully this document and before start creating EA, first understand the strategy completely.
2: Do not waste my time if you do not understand it.
3: If you do not understand the strategy, then please do not apply for this job.
4: Please send me EA to test only after implementing all rules and after testing all rules and adding all EA inputs otherwise I will not accept it.
5: Only highly experienced and professional developers are allowed.
6: Do not start coding immediately. First read slowly and understand it on the chart. If you can understand it, then only start coding otherwise do not apply for the job.
7: If you still don’t understand the strategy or there is any question, then you can add me on Telegram and join me on zoom, and I will explain you everything.
This EA has no indicator. It works based on candlestick patterns and support and resistance of previous day.
Here I am writing few points which must be fulfilled by each trade opened by EA. During and after coding EA please check and confirm that EA is working according to these rules.
1: Candlestick pattern high must be day highest price in sell trade on resistance level and candlestick pattern low must be day lowest price in buy trade on support level.
2: EA must take the trade when price will cross candlestick pattern high in buy and low in sell.
3: EA must indentify candlestick pattern correctly. I have described how to identify correct candlestick pattern.
4: Candlestick pattern must touch support level in buy and resistance level in sell.
First of all EA will see support and resistance of previous day.
In case of gap down opening, previous day closing will be another resistance and in case of gap up , previous day closing will be another support. EA will calculate fifth decimal of currency pair for deciding gap up or gap down opening only for deciding another support and resistance. For example if EURUSD previous day closing price is 1.22557, and next day opening price is 1.22556, then its gap down opening by 0.1 pip. And in this case previous day closing price will work as resistance.
But for all other calculations including candlestick pattern, stop loss, take profit, trailing, previous day high and low, support and resistance, EA will use only 4 decimal of currency pair. For example previous day EURUSD high price was 1.22557 and next day high price is 1.22551, then it means previous day high and next day high is same because EA will not include fifth decimal in calculation. EA will read only 4 decimal which is 1.2255 for both day high price.
Support:
1: Previous day low
2: if today opening price is higher than previous day closing price, then previous day closing price will also be support level.
Then there will be two support level.
Resistance:
1: Previous day high
2: if today opening price is lower than previous day closing price, then previous day closing price will also be resistance level.
Then there will be two resistance level.
Buy trade rules:
This EA works with two timeframe. It confirms the trade with two timeframe. If it will find any of these three bullish candlestick pattern in two timeframe (which we will select in EA input), on the same support level, then EA will open buy trade.
All these three candlestick pattern must touch support level in higher timeframe.
EA will always open buy trade, if price will cross high of these candlestick patterns.
1: Hammer:
Identification of correct hammer:
Upper wick should not be more than one time of body.
Lower wick should not be less than two times of body.
For example if body length is 2, then upper wick should be 2 or low and lower wick should be 4 or high, then EA will identify it as Hammer. Body can be green or red, it doesn’t matter.
Then EA will see the next selected timeframe to find any candlestick pattern on support.
There is only one candle in hammer pattern. Hammer candle wick or body must touch support level in Higher Timeframe. It means support level price must be sitting anywhere from high and low of hammer pattern.
2: Bullish Engulfing
1: Bullish engulfing means the left candle will be red and right candle will be green and red candle body open to close must be within green candle body open to close. Candle wicks doesn’t matter.
2: It means green candle body should be bigger than red candle body. But red candle open price can be equal to green candle close price or red candle close price can be equal to green candle open price.
3: There are two candles in bullish engulfing pattern, left candle is bearish and right candle is bullish. Any of both candle wick or body must touch support level in Higher Timeframe. It means support level price must be sitting anywhere from high and low of bullish engulfing pattern.
3: Bullish Harami
1: Bullish harami means the left candle will be red candle and right candle will be green candle and green candle body open to close must be within red candle body open to close. Green candle open or close (anyone of them) can be equal to red candle open or close.
2: Wicks don’t matter of any candle.
3: Green candle body should be smaller than red candle body.
4: There are two candles in bullish harami pattern, left candle is bearish and right candle is bullish. Any of both candle wick or body must touch support level in Higher Timeframe. It means support level price must be sitting anywhere from high and low of bullish harami pattern.
Buy trade on support:
1: EA will see any one pattern of these three candlestick patterns on two timeframe (selected in EA input) on support level, then EA will open buy trade, if price will cross high of candlestick pattern on higher timeframe. Lower timeframe and higher timeframe can have different bullish candlestick patterns. For example in m15 chart there is hammer and in m30 chart there is bullish harami.
2: Stop Loss: stop loss will be low of candlestick pattern on higher timeframe.
3: Take Profit: take profit will be three times of stop loss.
4: Candle must touch (by wick or body) support level in higher timeframe in all three candlestick patterns.
5: If it is not touching support level in lower timeframe, then it doesn’t matter.
6: Candlestick pattern low must be day lowest always. If price will cross candlestick pattern low, then this candlestick pattern will be invalid and EA will wait for next candlestick pattern.
Sell trade rules:
1: This EA works with two timeframe. It confirms the trade with two timeframe. If it will find any of these three bearish candlestick pattern in two timeframe (which we will select in EA input), on the same resistance level, then EA will open sell trade.
2: Candlestick pattern must touch resistance level in higher timeframe.
3: EA will always open sell trade, if price will cross low of these candlestick patterns.
1: Inverted Hammer:
Identification of correct bearish hammer:
1: Lower wick should not be bigger than body. It can be lower or equal to body.
2: Upper wick should not be less than two times of body. It can be equal to two times of body or more than two times of body.
For example if body length is 2, then lower wick should be equal to 2 or low and upper wick should be equal to 4 (2 times of body) or high, then EA will identify it as Hammer. Body can be green or low, it doesn’t matter.
Then EA will see the next selected timeframe to find any candlestick pattern on resistance.
3: There is one candle in inverted hammer pattern. Inverted Hammer candle wick or body must touch resistance level in Higher Timeframe. It means resistance level price must be sitting anywhere from high and low of hammer pattern.
2: Bearish Engulfing
1: Bearish engulfing means the left candle will be green and right candle will be red and green candle body open to close must be within red candle body open to close. It means red candle body should be bigger than green candle body.
But green candle open price can be equal to red candle close price or green candle close price can be equal to red candle open price.
2: Candle wicks don’t matter.
3: There are two candles in bearish engulfing pattern left candle is bullish and right candle is bearish. Any of both candle wick or body must touch resistance level in Higher Timeframe. It means resistance level price must be sitting anywhere from high and low of bearish engulfing pattern.
3: Bearish Harami
1: Bearish harami means the left candle will be green candle and right candle will be red candle and red candle body open to close must be within green candle body open to close. It means red candle body must be lower than green candle body.
2: Red candle open or close (anyone of them) can be equal to green candle open or close.
3: Wicks don’t matter of any candle.
4: There are two candles in bearish harami pattern, left candle is bullish and right candle is bearish. Any of both candles wick or body must touch resistance level in Higher Timeframe. It means resistance level price must be sitting anywhere from high and low of bearish harami pattern.
Sell trade on resistance:
1: EA will see any of these three candlestick pattern on two timeframe (selected in EA input) on resistance level, then EA will open sell trade, if price will cross low of candlestick pattern on higher timeframe.
2: Stop Loss: stop loss be high of candlestick pattern on higher timeframe.
3: Take Profit: take profit will be three times of stop loss.
4: Candle must touch (by wick or body) resistance level in higher timeframe in all three candlestick patterns.
5: If it is not touching resistance level in lower timeframe, then it doesn’t matter.
6: Candlestick pattern high must be day highest always. If price will cross candlestick pattern high, then this candlestick pattern will be invalid and EA will wait for next candlestick pattern.
EA Input:
Magic Number
Lower Timeframe (m1, m5, m15, m30, h1, h4 I can select any of them)
Higher Timeframe (m1, m5, m15, m30, h1, h4 I can select any of them)
Fixed Lot : True or false
Fixed Lot Size : 0.1
| Fixed Profit : True or false (I can set “true” any one from “Fixed Lot” and “Fixed Profit”) Fixed Profit Points : 100 (fixed profit points means if I will put 10 in this, then EA will close each trade with 100 USD fixed profit. In this case lot profit will be fixed but lot size will be variable according to pip value and different take profit for each trade. And according to that EA will automatically calculate lot size for each pair according to pip value and take profit. For example if there is buy trade in EURUSD and there is take profit of 52 pip according to calculation of candlestick pattern, then EA will calculate pip value of EURUSD which is 10 USD for one pip for one standard lot, then EA will calculate lot size according to pip value and take profit so that if trade will be closed with 52 take profit, then it will make fixed profit 10 USD. Formula to calculate lot size : 52 pip take profit *10 USD pip value per standard lot= 520. Then 100 USD fixed profit/520=0.19 lot. So we got 0.19 lot for this trade. If Ea will trade with 0.19 lot in EURUSD and close it with 52 pip take profit, then it will make approx 100 USD profit.) |
| Trailing : True or false (if I will set it to true, then EA will move stop loss to breakeven if Profit will hit 1:1 It means if stop loss is 10 pip and take profit is 30 Pip then if price will reach 10 pip profit, then EA will move stop loss to breakeven.) |
Use closing as Support and Resistance : True or false (if I will set it true, then EA will use previous day closing price as second support in case of gap up opening and as second resistance in case of gap down opening. If I will set it false, then EA will not use previous day closing price.)
Profit Target : 1,2,3 (please give option 1, 2 and 3 in this EA input. If I will select 1, then EA will close the trade with 1:1 take profit. If I will select 2, then EA will close the trade with 1:2 take profit and If I will select 3, then Ea will close the trade with 1:3 take profit. 1:1 means if stop loss is 10 pip, then take profit will also be 10 pip. 1:2 means if stop loss is 10 pip, then take profit will be 20 pip and 1:3 means if stop loss is 10 pip, then take profit will be 30 pip.