Fractals and Engulfing patterns

MQL4 Asesores Expertos

Tarea técnica

I would like an EA that uses fractals but not in the typical fashion. Normally fractals identifies high and low points using the wick or drip of the candle. I would like it to identify zones using the candle stick only.

Fractal Resistance level - High of high stick in the middle and both the low stick and the high stick of the 2 candles on each side being lower would result in a trend line at the highest portion of the highest candle stick representing the fractal level or resistance level.

Fractal Support level - Low stick in the middle with two candle sticks higher would result in a trend line at the lowest portion of the lowest stick representing the support zone.

Bad level - If a candle closes above a resistance level or below a support level then those levels are no longer valid and should be deleted from your array or whatever you are using to store the variable.

Retest and Not New Level - If a candle wick touches a resistance level and forms a resistance fractal without a candle stick closing over the resistance level then this level should be categorized as a retest. If a candle drip touches a support level and forms a support fractal without a candle stick closing under the support level then this level should be categorized as a retest also.

*** The following engulfing candles may be different than the traditional *** 

Bearish engulfing - if(Open[1]<Close[1] && Open[0]>Close[0] && Close[1]-Open[1]<High[0]-Close[0])  I want the 1st bar to be green, second one to be red, and candle stick of first bar to be less than candle wick plus stick of second bar (Last bar created)

Bullish engulfing -  if(Open[1]>Close[1] && Open[0]<Close[0] && Open[1]-Close[1]<Close[0]-Low[0])  I want the 1st bar to be red, second one to be green, and candle stick of first bar to be less than candle wick plus stick of second bar (Last bar created)

Bearish engulfing candle - If there is a bearish engulfing candle and neither stick closes above the resistance but the wick touches or crosses over the resistance than this would signal a potential sell or short position.

Bullish engulfing candle - If there is a bullish engulfing candle and neither stick closes below the support but the wick touches or crosses under the support than this would signal a potential buy or long position.

Zone test signifying reversal - If the candle opens, touches or goes above with the wick of a candle and closes red. Then short or sell position potentially opens.

                                         - If the candle opens, touches support or goes below with drip of candle and then closes green. Long or buy position is potentially opened. 

Short positions #1 : if the previous criteria is met than the final way to check if a potential position is good is to check the difference between the last unbroken resistance level and the current one being tested and compare it to the last support level and the current resistance level being tested. It should be at least 2 to 1. if last unbroken resistance minus current position is at least half of the current position minus the last unbroken support level then short.

Long positions #1: if the previous criteria is met than the final way to check if a potential position is good is to check the difference between the last unbroken support level and the current one being tested and compare it to the last resistance level and the current support level being tested. basically the same setup as the last with a variable represting a ratio between the two. 

*** This may change according to the pair and time frame being traded. An adjustable variable representing the ratio between the two differences will be required *******

Short position #2 : find the high of the resistance levels candles and current candles testing the zone. Whatever the higher wins. I want to subtract the current price from that price and compare it to the difference between the current price and the last unbroken support. adjustable variable representing a ratio between the two.

Long Position #2 : find the low of the support levels candles and current candles testing the zone. Whatever the lower wins. I want to subtract the low price from the current price and compare it to the difference between the last unbroken resistance price and the current price. Also, adjustable variable representing a ratio between the two.

Short 1 Stop loss would be placed at the lowest drip of the previous unbroken support not being tested. 

Short 2 Stop loss would be placed on the lowest drip of the support being tested.

Long 1 Stop loss would be placed on the highest wick of the previous unbroken resistance not being tested.

Long 2 stop loss would be placed on the highest wick of the resistance being tested. 

Lot size would be calculated based off of current difference of stop location, price and adjustable variable representing the amount of risk I would like to make per trade.

Take profit on the Long would be at the resistance level

Take profit on the short would be at the support level

 

I am working too much. I don't have time to make this program or trade manually. 

Han respondido

1
Desarrollador 1
Evaluación
(2042)
Proyectos
2592
62%
Arbitraje
112
45% / 26%
Caducado
417
16%
Trabaja
2
Desarrollador 2
Evaluación
(2367)
Proyectos
2975
65%
Arbitraje
76
47% / 14%
Caducado
340
11%
Libre
3
Desarrollador 3
Evaluación
(1847)
Proyectos
3447
88%
Arbitraje
73
40% / 15%
Caducado
264
8%
Libre
4
Desarrollador 4
Evaluación
(130)
Proyectos
210
40%
Arbitraje
90
20% / 43%
Caducado
86
41%
Libre
5
Desarrollador 5
Evaluación
(17)
Proyectos
22
73%
Arbitraje
2
0% / 100%
Caducado
10
45%
Libre
6
Desarrollador 6
Evaluación
(89)
Proyectos
137
24%
Arbitraje
35
9% / 40%
Caducado
52
38%
Libre
7
Desarrollador 7
Evaluación
(121)
Proyectos
134
66%
Arbitraje
36
25% / 56%
Caducado
22
16%
Libre
8
Desarrollador 8
Evaluación
(49)
Proyectos
134
27%
Arbitraje
62
13% / 53%
Caducado
58
43%
Libre
9
Desarrollador 9
Evaluación
(487)
Proyectos
1013
58%
Arbitraje
29
28% / 24%
Caducado
131
13%
Trabaja
10
Desarrollador 10
Evaluación
(1)
Proyectos
1
0%
Arbitraje
1
0% / 100%
Caducado
0
Libre
Solicitudes similares
MT4 TRADE COPIER EA 30 - 35 USD
Hello , how are you doing? Am in need of MT4 developer that can help me to develop trade copier EA for MT4 account Kindly bid for the project if it is what you can do for me thanks
I am looking for a professional developer to help me with creating a hedge grid bot. The concept is in the picture. The bot is quite simple. The bot basically opens buy and sell positions on each grid and self terminates when the upper limit (manually set is reached) 1. Set timer for new's releases (manual entry) 2. Slippage in pip's (manual entry) 3. Maximum drawdown in USD with self termination when entry
I needed to create a script based on MQL5, which depends on Stochastic and MACD indicators. Long entry should be once Stochastic lines are crossed above and MACD lines are crossed above and vice versa for short entry. If you know pine script, I have the pine script strategy code for this strategy, you can convert this into MQL5, Refer the below text file for the code
Nt8 30+ USD
I trade in NT8 and would like to code an Elliott wave measurment tool, which is very easy because I have the major Script for that.We need only to add some aspects into it. If you are interested,if you can do this do well to bid on it
This is ready made grid ea Bug- This ea has some bug like - a>if mt4 restart ea trade random without any logic. B>if i add 300 pips grid ,some time ea take next trade at 400 distance pips Feature 2. Add supply and demnad + 200 ma entry logic (supply demad indicator are add to attach) 3.Add two separet engine en1 -- en2. But engine have same grid logic but separate parameter and magic number bot have anti-grid
Due to developers not responding I try again. Im going to automate my strategy which is a breakout strategy but with some extra confirmations and rules, see attached file with description of the requirements. Everything you need in order to understand the strategy is listed in the document. If any questions appear feel free to ask! Please leave a quote, and only after reading the document attached. thanks ahead
Programmer needed to make my HFT bot more suitable for live trading. After testing and proven, if up to expectation, full funds will be received. Genuine offer but if this is successful further discussions can take place. DM me first so we can discuss further
An Expert Advisor based on Martingale's strategy is needed. Based on a tendency indicator, open a position, and if it hits the stop loss, open another position in the same or opposite direction (The EA should have the option to select this preference) with the lot size two times the previous lot. Also, the EA should have a risk management option to set the maximum drawdown limit to stop opening more orders. The EA
Hidden SL & TP 1. Design a simple interface on chart. Order No | Pair | Lot | TP | SL 5110022 | EURUSD | 1.0 | +20 | -30 2. EA will scan All existing orders and new orders and put to Chart Interface. 3. User is able to select which order on interface and put a custom TP and SL number. Eg: TP +20 | SL -30. And prices will calculate accordingly. 4. TP & SL is hidden on the MT4. 5. When the Order is closed, it will auto
Instrument I will trade: DAX Chart: 9 ranges (on Quantower) with 18 ranges (on multichart) Indicators: VWAP, Stocatic slow set (5/3/3) ,a 20-period exponential moving average, a 30-period exponential moving average N.B. “Momentum” indicator to be constructed only for convenience: When the 20 average is above the 30 it draws a single green 25 period average, while when the 20 average is below

Información sobre el proyecto

Presupuesto
10 - 999 USD
Para el ejecutor
9 - 899.1 USD
Plazo límite de ejecución
de 1 a 10 día(s)