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Specifiche
Develop an MT5 EA that operates by detecting engulfing candlestick
1) Order entry protocol
Open buy entry when Bullish engulfing candlestick are formed. Bullish engulfing condition are when current bullish candlestick close above its previous candlestick's open price, the previous candlestick must be a bearish candlestick.
Open sell entry when Bearish engulfing candlestick are formed. Bearish engulfing condition are when current bearish candlestick close below its previous candlestick's open price, the previous candlestick must be a bullish candlestick.
2) Operating timeframe :
All entry, take profit, stop order protocol only execute based on 1 minute timeframe only and absolutely ignore other timeframe.
3) Take profit protocol :
Buy order - close position 3 minute after every entry
Sell order - close position 3 minute after every entry
4) Stop order (manual cut loss) protocol :
Buy position - close position if candlestick close below the bullish engulfing candlestick low price.
Sell position - close position if candlestick close above the bearish engulfing candlestick high price.
5) Lot size protocol :
Set lot size to 0.01 per $100
6) No trade protocol :
Stop and no trade at the first 2 hours and the last 2 hours of daily session.
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