EA using indicator objects

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The developer did a wonderful job and was very patient with me. Highly recommended.

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I trade AUDUSD 5 minute, but please make useable on all timeframes.

The only indicator I use is Supply and Demand Order Blocks available for free at

https://www.mql5.com/en/market/product/107330?source=Site+Market+MT4+Indicator+Free+Rating006

 

However, the indicator does not use Buffer Indexes so you will have to use the rectangle objects as a point of entry and exit.

 

So basically –

·         ENTER one entry as soon as the rectangle appears. Not when the price enters the rectangle.

Additional entries for every additional rectangle the same color

                BUY when each Blue Rectangle appears (+OB)

OR

                SELL when each Red Rectangle appears (-OB)

 

·         EXIT all open trades on opposite rectangle

                Close all Buy’s when Red Rectangle appears

                Close all Sell’s when Blue Rectangle appears

 

Only allow Buy or Sell, not both at same time.

 

One issue I see is the lag time between rectangles appearing and the current candle, and the fact the indicator retraces, which could be fixed by changing the Total Count Bars.

 

Hope this helps and hope you can help.

 

See image of entry and exit on chart below.


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