i need to build an EA BASED ON CANDLESTICKS
3 patterns are specified for entry rules
1- engulfing Candlestick
- properties of this Candlestick Pattern
- small wick candle
- wicks shouldn't exceed 50%
ENTRY rules based on engulfing Candlestick:
CASE 1
- the Engulfing candlestick is 2.5 times or less than the previous Candlestick
straightforward entry
CASE 2
- if the engulfing Candlestick is 2.5 times or more than the previous Candlestick(which we shall call HULK) the code look back 15 candle searching for a similar Engulfing candle in size
if found
the EA enters a trade in the direction of HULK candle
CASE 3
- if the Engulfing candle has a wick pointing in the other direction of the candle and the wick is 50% of the candle
than the code reads the volume on the engulfing Candlestick and the candle before it if the volume Engulfing is bigger than the previous candle then the EA should execute a trade in the direction of the engulfing candle
=================================================================================================================================
2ND CANDLE
HARAMI CANDLE :
The Pregnant Woman candle is a reversal pattern consisting of two candles, a candle in the direction of the trend, which is medium in size and is called the Pregnant Woman, followed by a candle called the Fetus Candle.
PATTERN CONDITIONS
- small fetus candle
- wicks of pregnant candle is not over 2.5 times the size of fetus candle
- pregnant candle should be a high liquidity candle
- wicks of pregnant candle shouldn't exceed 70% of the whole candle
ENTRY RULES BASED ON THE PATTERN :
one case of entry is to read and match the volume of the fetus candle vs the pregnant candle if the volume of the fetus is larger the EA execute a trade with the new direction
==================================================================================================================================================
MORNING AND EVENING STAR CANDLE :
The morning and evening candle pattern is a pattern consisting of three candles. In the case of the morning, the first candle is bullish, then it is followed by a relatively small candle that is most likely a Doji or close to it, then the third candle is bearish.
As for the evening candle, it is exactly the opposite, as it is a bearish candle, followed by a relatively small candle, a Doji or close to a Doji, then a bullish engulfing candle.
ENTRY RULES :
the EA execute a trade as soon as the pattern is confirmed
====================================================================================================================================================
don't trade if :
If one of the three models previously explained in all its conditions appears in a sideways trend (range)
If the pattern appears in a wave reversing the trend and this wave consists of 3 candles or less, the candles are calculated from the top or bottom.
STOP LOSS IS ABOVE OR BELOW THE OPENING OF THE CANDLESTICKS
TAKE PROFIT IS BASED ON RISK TO REWARD RATIO
Commandes similaires
Dear developers I want to create an expert advisor for my strategy. The entry signals quite simple using OHLC, Bollinger, SuperTrend. (Possibly: ICT/FVG) The money and risk management is more difficult using martingale and trailing stops. I also need help to design this before any development
Welcome to the new era of automation I have something very powerful for trades who are looking to make consistent profits in the industry The EA is called Golden Sniper Pro designed specifically for boom index on Deriv broker with a win rate of over 85%. The ea combines EMA and RSI to detect market direction, calculates SL and TP by ATR. Uses tick counts to avoid entries near spike zones, if there was an entry
Hello, I am looking for someone who can help me to build a MT4/MT5 forex EA, by analyzing the trading history. You are responsible to find out trading logic behind the EA and Build a new EA that accurately replicates the existing strategy. I need someone who has proven previous experience to build a new EA by reverse engineering. Thanks
Looking to develop risk management EA for personal use probably commercially in the future. I want the EA to have a display panel with 0.1, 0.2, 0.5,1,2,3 percent risk management button. I also want BE, partial closure of 0.25,0.5,0.75 and full closure panel on both profit and loss. I’ll also like to include trailing stop, 2 trades max per day and BE+spread option. I’ll be attaching the image for a guidance on what
Sierra Chart Alerts to MT5 via Webhook (Alert Manager File Version) Objective: Create a Custom Study (ACSIL / C++) that monitors alerts from the Alert Manager file and forwards any valid alert directly to MT5 via an HTTP POST (Webhook) in JSON format. Additional Note: The study should allow adding any modifications in the future and provide clear insights into the alert points in Sierra Chart. 1. Data Flow Diagram
I am in need of a good scalping bot for gold or any currency pair. If you have one that is working, reach out. You must be able to provide a trial version so I can test the bot myself
MT5 Expert Advisor Development Project Overview I am looking for an experienced MQL5 developer to build a custom MetaTrader 5 Expert Advisor based on a grid-cycle trading framework. This is not a standard grid EA . The system combines: Session-based trade initiation Multi-filter signal generation Dynamic grid management Advanced basket management State-machine-driven trade lifecycle management Dynamic take-profit
I am in need of a good scalping bot for gold or any currency pair. If you have one that is working, reach out. You must be able to provide a trial version so I can test the bot myself
Test instructions: - Run EA on US30 (Dow Jones) - Timeframe: H1 - Test period: last 3–6 months - Use default risk settings (1% per setup) - Check Friday breakout logic only Expected behavior: - EA should mark Friday High/Low - Wait for candle close breakout - Wait for retracement into range - Enter only when H1 candle closes inside range - Execute 2 trades per setup (TP1 = 1R, TP2 = 2R) - Respect 1.5% daily loss
ART 1: NUMBER OF TRADES ALLOWED IN ONE DIRECTION: Maximum number of trades in one direction = ------------------------------ ------------------------------ ------------------------------ -------------- par PART 2 PARTIAL CLOSURE OF STOPLOSS: Total STOPLOSS =------ Pips 1a: Percentage of Stoploss =--% 1b Percentage of Lot size =--% 2a: Percentage oe of Lot size =--% f Stoploss =--% 2b