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Expert advisor - Break and Retest with defined rules

MQL5 Эксперты Отладка робота/индикатора Forex

Техническое задание

// Trading hours //

Opened and closed position must within this time CET (Central Europe Time):

08:00 – 10:30

13:00 – 16:00

 

// Open of trade //

  1. Bias – 4H and Daily should both be bear candle to enter short position and the opposite for long position.
  2. Break of nearest Support/Resistance with close below/above  (supp/res on candle body as shown in picture).
  3. Retest of Support/Resistance in next candle
  4. Enter trade only if the same candle comes back to the open of current candle after retest.
  5. Stop loss above wick of current candle

Example of no trade: If break with close and no retest within next candle the trade is invalid.

// Risk management //

-        Risk 1 % of account each trade

-        Close 50% of trade when in profit the same pips amount as stop loss (1:1 Risk reward). When 50% of position is closed à put stop loss to break even and let the rest run until defined trading hours closes.


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