EX4_Heikin

Hi Irek,

I have a question about another EA which I will describe here

Set up

Long Trades

1.       On long term time frame – let’s say four hour – price must be above Moving average let’s say average is 50

2.       On medium term time frame – let’s say one hour - price must be above moving average let’s say average is 50

3.       On short term time frame – let’s say fifteen minutes - price must be above moving average let’s say average is 50

4.       Very short time frame - let's say 5 minutes with moving average of 50 

At this point we know price is trending nicely. Now it is time to enter

 I would like to have two possibilities.

It should be possible trade these options as a either/or not both at the same time: 

5. On very short time frame (5 minutes) we wait for either:

- Price to trade below a moving average(say 50)  then go long when it breaks above the average.

Or

- Use heikin aschi charts with price above the moving average and wait for price to pull back (red candles) then go green for one candle and buy on the break out of the first green candle using heikin Price

6.  Initial stop and target will be ATR 2.5 

7.  BE stop loss when price at  parameter driven 100% of entry candle length

8. Stop loss trail one pip at a time

9 Target - Parameter driven default close out 50% at 300% of entry candle length

10. Close rest on training stop

Short trades reverse strategy 

Thx