CCT Phase 2 (Simplified entry model)

MQL5 Experts

Spécifications

==CCT Phase 2 Spec==

So for this we'll use alternative simplified higher time frame levels (Points Of Interest).
In this phase we are swapping out the point of interest and really kicking the tires on core mechanics as we will have more trades.

==Long Entry Example==
(((All operations done on 15m bar close)))

1) 20 EMA > 50 EMA > 100EMA on Daily Chart
2) Previous Days formation is Bullish Engulfing or Bullish Chad (orange box) - this gives purple Point-of-Interest (purple line)
3) Point-of-Interest is crossed down by 15m candle (purple line)

Two specific entries types:
4a) Point-of-Interest is crossed up by 15m candle AND MACD is +ve
4b) Point-of-Interest is crossed up by 15m candle THEN MACD goes +ve

==Short Entry Example==

1) 20 EMA < 50 EMA < 100EMA on Daily Chart
2) Previous Days formation is Bearish Engulfing or Bearish Chad (orange box) - this gives purple Point-of-Interest (purple line)
3) Point-of-Interest is crossed up by 15m candle (purple line)

Two specific entries types:
4a) Point-of-Interest is crossed down by 15m candle AND MACD is -ve
4b) Point-of-Interest is crossed down by 15m candle THEN MACD goes -ve

== Take Profit Level ==

We have specific TP each time which is ALWAYS the Previous High of Day if Long / Previous Low of Day if Short
- we will finesse this in Phase 4 but it will do for now.

== Stop Loss Placements ==
There are 2 Types of Stop Loss Placements:

High Risk-to-Reward: 
We should have seen the Low of current day already on the 15m chart
SL will be placed at low of current day + spread

High Win-Rate:
The TP Distance from the entry candle will determine the SL distance (if TP is 100 pips from entry SL distance is 100pips + spread)

== Risk-to-Reward Filter ==
Because we have a specific TP level and SL level we can work out a minimum risk-to-reward ratio.
This should be set-able with a float variable such that '2.5' means that we only take the trade if we can make 2.5x+ on the trade

== GUI ==
Would like to be able to visualize both 1D and 15m candles on chart - this
We need to see Point-Of-Interest levels


== Logging ==
Will need to be extensively logging as always - particularly:
Cross of POI AND MACD Entry (1-Step Entry)
Cross of POI THEN MACD Entry (2-Step Entry)
Placement of stops
Risk-Reward Filter


==EA parameters==

Leave as is I believe - we are just changing the point of interest

***Position Size***
Position Type = Percent Equity / Fixed Lot Size

*** Trade Setup ***
1D EMA Short = 20
1D EMA Medium = 50
1D EMA Long = 100
15m MACD Fast Length = 12
15m MACD Slow Length = 26
15m MACD Signal Length = 9
1D Candle = Same as trend / Any <-- this can be removed as we have a different HTF setup in this phase

SL Placement = HighRR / HighWR
RRFilter = 2.0 (default float)

Add Spread To SL = True (default)

==Pics==

Bullish HTF Setup


Bearish HTF Setup ...



Concept we are looking to address ... a few more lines and details

1) Next days setup provided by orage 2 candle structure on daily TF

2) POI is high of candle[2] ... this level is only valid for the next trading day

3) Price U-turns through purple line on the 15m TF and TP  is set to high of Candle[1]


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