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스크립트

ComeBacker Trading - MetaTrader 5용 스크립트

조회수:
6274
평가:
(13)
게시됨:
2020.07.06 20:25
업데이트됨:
2020.08.10 08:12
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Description

  • in an assumption that prices have a tendency to visit previous highs/lows frequently in short-term, this script determines the highest and the lowest prices for last x bars, if highest is the last it opens buy order otherwise it opens sell order.
  • default take-profit is highest for buy order, lowest for sell order. it can be expanded or shrinked by modifying additional profit input parameter. positive values for expansion, negative values for shrinking. be aware of limits.
  • default stop-loss is determined by profit/loss ratio input parameter. take-profit range divided by this ratio gives stop-loss. 2 means half of take-profit range, thus 2:1 profit/loss ratio.


Input Parameters

  • Bar Count: number of past bars to evaluate highest and lowest prices. highest/lowest price in past 20 bars.
  • Profit/Loss Ratio: stop-loss is calculated by dividing take-profit in pips by PL ratio. 2 means half of take-profit.
  • Additional Profit: expand or shrink take-profit other than highest/lowest by offseting.
  • Lots: lots.


Warning

    • script won't work correctly if you enter inputs out of limits.
    • script won't work correctly if current price is highest or lowest of past bars.


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    I want to share with you this story. When I started trading, I learnt the scalping strategy in a volatile market. I really loved scalping especially when I see the price is moving fast. However, scalping for a long period of time is exhausting to me especially in a volatile market; volatile market requires fast analysis, actions and reactions; that is why I always reach a point that I loss concentration, focus and I start making those really stupid mistakes. That is why I created this indicator that helped me to automatically identify these potential entries (based on the formation of candlesticks) instead of doing all the work myself. I know there are plenty of Metatraders who also suffer from this and that is why I would like to share this indicator with you, hopefully it will be beneficial. Do not forget to send you comments as well as rate these scripts. Happy trading!