DAILY CANDLE TYPE E.A.

MQL4 Göstergeler Uzmanlar

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DAILY TIME CANDLE TYPE E.A


WORKS ONLY WITH DAILY TIME FRAME


input value by trader as follows

enter input qty : 0.10

enter target pip: 20 pip

enter multiply fact value : 1.2

comment line    :

magic number    :

=======================

trading concept : 

check the prev.candle whether bull/bear 

if it is bull candle, buy at open in current candle with target 20 pip


if target not met, the current candle give
what to do next on next day opening

if the current candle is bear candle
sell with multiply fact value with
the previous qty on next day
 

when avg.mtm floating of plus 20 pip comes, exit both
buy and sell qty, trade over.

=============================

important rules:.


daily only one trade possible

every next day, we get either bull or bear candle

based on the previous day's candle type, the current day's
trading should be done
=====================

advantage :

any type of market a trade which is opened, cannot be
last long more than 2 or 3 days

all trades end only in profits.

===============================




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