Market Reversal Alerts EA
99 USD
Download demo:
5 021
Publicado:
28 abril 2021
Versão atual:
4.40
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Please add a mode that uses both Breakout and Retest. Thanks you very much.
It already has that option. Can select which you choose.
It already has that option. Can select which you choose.
Initial reversal alert Mode is when there is a breakout signal, EA still opens the order and when there is a Retest signal, EA still opens the order.
Does EA use both types of signals to open orders?
I think that is correct?
Initial reversal alert Mode is when there is a breakout signal, EA still opens the order and when there is a Retest signal, EA still opens the order.
Does EA use both types of signals to open orders?
I think that is correct?
The EA opens an order EITHER on initial reversal OR re-test, NOT both. If you opened on both you would be just opening at virtually the same price and therefore doubling exposure on the trade.
The EA opens an order EITHER on initial reversal OR re-test, NOT both. If you opened on both you would be just opening at virtually the same price and therefore doubling exposure on the trade.
Thanks you.
Usually you would only takes trades in one direction, you would use a filter to make sure you enter with the trend bas but can add that in case the EA were to open a trade in both directions, possibly in consolidation periods.
Hello LEE SAMSON.
Hello LEE SAMSON.
Glad you are finding it useful. Will look into those options for seperate buy and sell logic but would be a massive re-work of how it currently works.
Pinbars and other candlestick patterns have been looked into but the issue is what you class as a pinbar and what I do. There are specific rules the EA needs for candle stick pattern sizes and theres no one size fits all for a candlestick pattern. Hard to code and you would also want to take into account engulfings and other patterns probably. This is something that is being looked at as an option also.
On the development list so hopefully will come out in a future update. :)
Glad you are finding it useful. Will look into those options for seperate buy and sell logic but would be a massive re-work of how it currently works.
Pinbars and other candlestick patterns have been looked into but the issue is what you class as a pinbar and what I do. There are specific rules the EA needs for candle stick pattern sizes and theres no one size fits all for a candlestick pattern. Hard to code and you would also want to take into account engulfings and other patterns probably. This is something that is being looked at as an option also.
On the development list so hopefully will come out in a future update. :)
I think you only need to consider the condition of 1 candle in the signal position.
Candle conditions just like that:
- Right_Direction_of_Pin - should the body of the Pin bar be in the same direction (bullish/bearish)
- Opposite_Bars_Before - the number of bars in the other direction BEFORE the Pin bar (bullish for bearish Pin bar, bearish for bullish Pin bar)
- Max_Body_Size_Percent - maximum size of the Pin bar body as a percentage of the total candle size
- Max_Short_Wick_Percent - maximum size of the short wick of the Pin bar as a percentage of the total candle size
- Min_Long_Wick_Percent - minimum size of the long wick of the Pin bar as a percentage of the total candle size
We will add the value we like.
What is your intial starting lot size? Make sure it is at least 0.02 or it wont be able to add 0.01 lot to the next order. This applied to baskets only obviously and not individual trades.
If there is one thing I'd like to ask you, it would be nice to have a mode that enters at regular pip intervals when additional entries are made. Now, additional entry is made when there is the next signal.
Your free strategy videos are also very helpful. Thank you.
If there is one thing I'd like to ask you, it would be nice to have a mode that enters at regular pip intervals when additional entries are made. Now, additional entry is made when there is the next signal.
Your free strategy videos are also very helpful. Thank you.
Glad you are liking the EA. Adding additional entries at set intervals is something that was tested but it's like catching a falling knife. If price pushed hard without signs of reversal you just get into lots of additional positions and big drawdown. Adding on reversal alerts (signs of strength) worked much more effectively. 👍
Glad you are liking the EA. Adding additional entries at set intervals is something that was tested but it's like catching a falling knife. If price pushed hard without signs of reversal you just get into lots of additional positions and big drawdown. Adding on reversal alerts (signs of strength) worked much more effectively. 👍
Thank you for your kind reply. What does adding a reversal alert(signs of strength) mean? Do you mean adding adr or MA filter?
Thank you for your kind reply. What does adding a reversal alert(signs of strength) mean? Do you mean adding adr or MA filter?
The EA takes trades when a reversal alert happens. The indicator the EA is based on.
https://www.mql5.com/en/market/product/46295
This is the EA that automates those entries.
Ms lee is not very professional.
Hello,
I am excited to venture in the EA zone, and I think this is the EA that I have been
waiting on, now I know i have to continue to test it and maybe tweak it to my liking
but so far in the tester I really like how the EA is performing it set trades on the same setups
that I like to take I trade the BTMM method and I think the designer of this EA does too
because this EA spot the setups that I like and hunt
Thank you for this awesome EA I look forward to much success with it!!!