Daily Close Filter

MQL4 EA Forex

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Previous Daily Close Filter


The purpose of the filter is to take the trades only  into the direction of the previous daily bar close. 

Example below with Buy Orders. ( For Sell Orders reverse is true)


2 rules. 

When Daily Close Filter is set on True :

  • Buy position opens only if the previous Daily Bar Closed (50% ) Above its daily range .
  • Buy position opens only if the current Daily Bar has NOT  broken the High of previous daily bar. 

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