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Inside bars EA MT5

This Expert Advisor (EA) opens orders when an outbreak from an inside bar formation occurs. It can for example be used with a strategy which you can read more about here.

The behavior of the EA can be explained in the following steps (please also see separate screenshot for visualization):

  1. Look for a trade when xx amount of inside bars has been reached.
  2. Exit when trailing stop or take profit has been hit.


Features

  • The formations with sell/buy lines will be drawn on the chart as well as the first ATR take profit level.
  • Time and spread filters.
  • Possibility for take profit and stop loss based on the ATR indicator or use a risk/reward ratio (based on stop loss).
  • Possibility to select between adding a fixed lot or let the system set the lot size according to risk percentage.
  • Possibility to trade in a reverse way (buy when sell, sell when buy).


Please make sure that you first test the EA on a demo account and let at least 10 trades be done. Before going live please also test your setup in the strategy tester.

Please be aware that I do not provide with any trading advice, signals or .set (preset) files. I will only be able to answer questions regarding the meaning of the input parameters, in case something should be unclear in the product's blog.

The EA cannot be used with netting account types.


Input parameters

Please find the description and explanation of the input parameters here.


Please check out other inside bars products:

Candle patterns scanner

Pennants and Triangles scanner

Comentários 1
Wan Ping Fei
1647
Wan Ping Fei 2020.07.10 10:13 
 

The author always responds quickly to any questions...👍👍👍👍👍

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DO IT MT5 - it is a Secure Automated Software for generation of daily profits for Forex market and indices. The architecture is a Fully Automatic Autonomous Robot Expert capable of ⭐⭐⭐⭐⭐   independently analyzing the market and making trading decisions   ⭐⭐⭐⭐⭐ The Trading system is Multi-currency and is able to trade on charts:  EURUSD, USDJPY, GBPUSD, DAX30, GOLD, SPX500  🔥   The Best and Latest settings for DOIT v9.77        🔥  🔥  You Can additionally contact me Instagram          🔥 
490 USD
Stock Trader Pro MT5
Ivan Pochta
Stock Trader Pro v.1.1 Launch Promo 5 / 5 additional copies by price $750 Next Price $990 Normal Price $1250 Stock Trader Pro   is a fully automated trading advisor designed to work in the   Stock Markets , in particular, to trade shares of the largest companies in the   US Stock Market . The system is based on the author’s trading strategy. Unlike Forex systems,   Stock Trader Pro     opens only LONG positions on the global trend on price pullbacks (corrections), analyzing data from several ti
750 USD
Exp TickSniper PRO FULL
Vladislav Andruschenko
Exp-TickSniper - scalper de alta velocidade com seleção automática de parâmetros para cada par de moedas automaticamente. Você sonha com um consultor que calcule automaticamente os parâmetros de negociação? Otimizado e ajustado automaticamente? A versão completa do sistema para o MetaTrader 4:    Scalper  TickSniper  para MetaTrader 4 O EA foi desenvolvido com base na experiência adquirida em quase 10 anos de programação. Para começar a negociar com o nosso consultor, você precisa instalá-lo em
229 USD
EA Scalper MT5
Valerii Gabitov
IMPORTANT: Please contact me after buying for the correct paramter.  Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. 3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash cras
499 USD
Taranbula5
Peng Sun
Taranbula is fixed volume martinlike Experts. MT4 version Symbols :EURUSD, USDCAD,EURJPY Timeframe :H1 It will keep opening orders on as many chances as it can grab to gain maximum profit. you know, volatility has gradually taken the leading place of forex market these years. we could hardly find a long-term trend. so we need an Expert that can deal with the oscillating market price. however, along with martin-ea, often comes fearful risk. we may face stop-out if we added too many order
30 USD
Triple Threat Crown
STANTON ROUX
Triple Threat is the latest offering from Algotrading_za HEDGING ACCOUNTS ONLY!!! DONT NOT USE DEFUALT SETTINGS!!!! Check out set files group for latest set files https://t.me/AlgotradingSetChanges It uses Bollinger Bands and RSI to determine entry positions with MACD as confirmation of trend. It also has a time filter to define trading times. This EA is highly configurable and can be optimized to be used on most currencies. The money management section is also highly configurable and does not
30 USD
BreakOut Harvester MT5
Krittinat Pantuwichit
This Expert Adviser follow the traditional way of technical analysis. It enters the trade when there is a price breakout from resistance or support levels, which are determined based on the selected indicator. This system offers money management, with Take Profit, Stop Loss and Trailing Stop. This system will not enter the position when the spread is higher than usual spread or user desired. This system is designed for the M5, M15 and H1 timeframe for XAUUSD, EURUSD, GBPUSD and USDJPY. But can b
179 USD
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Wan Ping Fei
1647
Wan Ping Fei 2020.07.10 10:13 
 

The author always responds quickly to any questions...👍👍👍👍👍

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Versão 1.1 2020.07.10
- added internal logic how to handle Order filling type errors returned by the broker