EXPERT ADVISOR BASED ON MUTIPLE TIMEFRAME ANALYSIS

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CUSTOM INDICATOR: CHANNEL: INPUT PARAMETER.  THIS MUST BE APPLIED IN THE CODE AND MADE TO RUN FAST LIKE A BASIC INDICATOR
BASIC INDICATORS: MOVING AVERAGE: INPUT PARAMETER. 
MAXIMUM VOLUME: INPUT PARAMETER. THIS IS THE MAXIMUM VOLUME AT WHICH THE EA WILL EXECUTE A TRADE.
HIGHER TIMEFRAME INPUT PARAMETER: (THIS IS ADJUSTABLE BY THE USER AND CAN BE ANY TIMEFRAME) E.G M15
LOWER TIMEFRAME INPUT PARAMETER: (THIS IS ADJUSTABLE BY THE USER AND CAN BE ANY TIMEFRAME) E.G M1

NOTE: THIS EA USES THE HIGHER TIMEFRAME TO IDENTIFY THE MAJOR TREND AND USES THE LOWER TIMEFRAME TO EXECUTE TRADES

BUY ORDER ENTRY CONDITION

- IF MOVING AVERAGE IS OUTSIDE THE CHANNEL ON THE HIGHER TIMEFRAME E.G M15 (TRENING ON THE UPTREND) 
- PRICE HITS/CUTS THE LOWER BAND OF THE CHANNEL ON THE LOWER TIMEFRAME AND STARTS BUYING A CERTAIN NUMBER OF POINTS (INPUT PARAMETER) (E.G 20 POINTS)
- VOLUME IS NOT GREATER THAN MAXIMUM VOLUME

SELL ORDER ENTRY CONDITION

- IF MOVING AVERAGE IS OUTSIDE THE CHANNEL ON THE HIGHER TIMEFRAME E.G M15 (TRENING ON THE DOWNTTREND) 
- PRICE HITS/CUTS THE UPPER BAND OF THE CHANNEL ON THE LOWER TIMEFRAME AND STARTS SELLING A CERTAIN NUMBER OF POINTS (INPUT PARAMETER) (E.G 20 POINTS)
- VOLUME IS NOT GREATER THAN MAXIMUM VOLUME

ORDER MANAGEMENT FUNCTIONS.

USE TIME FILTER (TRUE/FALSE): THIS WILL HAVE START TIME AND END TIME OF TRADE EXECUTION ONLY.
FRIDAY CLOSE TIME (TRUE/FALSE) : EA CLOSES ALL OPEN POSITIONS AT THIS TIME AND MUST NOT EXECUTE TRADES.

INPUT LOT SIZE: THE LOT SIZE
RISK COMPOUNDING: IF SET 1, EA WILL USE 0.01 LOT FOR 100USD, 0.1 LOT FOR 1000USD AND 1 LOT FOR 10,000USD

STOPLOSS AND TAKE PROFIT IN POINTS

USE CANDLE CLOSE TAKE PROFIT(TRUE/FALSE): IF NORMAL TP IS SET 100POINTS, THE CANDLE AT WHICH THE 100POINTS NORMAL TP IS REACHED MUST CLOSE
AHEAD OF THE 100 POINTS BEFORE EA EXITS THE TRADE. IF THE CANDLE CLOSES BELOW 100POINTS, EA MUST NOT EXIT THE TRADE. THIS MEANS THAT EA MUST
CLOSE ALL TRADES MORE THAN THE 100POINTS WHEN THIS FUNCTION IS SET TRUE. IF FALSE, EA CLOSES TRADES WITH THE NORMAL TP OF 100 POINTS.


TRAILING START: NUMBER OF POINTS PRICE MOVES IN PROFIT AND STOPLOSS MOVES TO TRAILING STEP
TRAILING STEP: NUMBER OF POINTS PRICE MOVES IN PROFIT WHEN TRAILING START ACTIVATES AND NUMBER OF POINTS PRICE STEPS AS TRAILING CONTINUES.
E.G IF TRAILING START IS SET 50POINTS AND TRAILING STEP IS SET 5POINTS. WHEN PRICE MOVES 50POINTS IN PROFIT, STOP LOSS STEPS 5POINTS IN PROFIT(IN FRONT OF ENTRY PRICE) 
AT FIRST. THEN EVERY 5 POINTS MOVE IN PROFIT, SL STEPS 5 POINTS IN PROFIT.


SINGLE CHART SETUP/MULTIPAIR SETUP: EA CAN TRADE ALL THE CURRENCY PAIRS FROM A SINGLE CHART.


ORDER COMMENT: EA PRINTS THE NAME WHEN IT EXECUTES/EXITS A TRADE.

Dosyalar:

MQ4
CHANNEL.mq4
8.3 Kb

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