Simple EA based on Zig Zag and candle Close

MQL4 Uzmanlar

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Tamamlanma süresi: 10 gün
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excellent customers and supportive
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Best Developer...I am preparing my next job for him..

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Support and Resistance Line.

Zig zag parameter is used (default 2,1,1), last low (V shape) is considered as support and last high (Inverted V shape) is considered as Resistance.

Support example :

https://www.mql5.com/en/charts/8879543/eurusd-h4-quantix-financial-services-support-line

https://www.mql5.com/en/charts/8879546/gbpusd-d1-quantix-financial-services

 

Resistance Example:

https://www.mql5.com/en/charts/8879551/eurusd-h4-quantix-financial-services

https://www.mql5.com/en/charts/8879553/gbpusd-d1-quantix-financial-services

 

Price action Candle.

When a candle is closed above <previous price action candle numbers > previous candles high then it is called buy Price action candle.

When a candle is closed blow previous <previous price action candle numbers>candles low then it is called SELL price action candle.

<previous price action candle numbers> is user input

Example

previous price action candle numbers =3

When a candle is closed above 3 previous candles high then it is called buy Price action candle.

https://www.mql5.com/en/charts/8879574/gbpusd-d1-quantix-financial-services

When a candle is closed blow 3 previous candles low then it is called SELL price action candle.

https://www.mql5.com/en/charts/8879564/audhuf-h1-quantix-financial-services

 

Custom ATR: Code will be given

Risk : Number of Pips between trade open to first stop loss will be risk of trade.

 

 

Buy Rule:

When a candle above closed Customer ATR Line.

When a candle closed above Resistance Line.

When a candle is Price action candle.

SELL Rule:

When a candle above closed Customer ATR Line.

When a candle closed above Resistance Line.

When a candle is Price action candle.

 

 

Stop Loss Line:

Buy: If candle is price action candle, Lowest of last two closed candles low.

https://www.mql5.com/en/charts/8879584/gbpusd-d1-quantix-financial-services

 

Sell: If candle is price action candle, highest of last two closed candles low.

https://www.mql5.com/en/charts/8879585/audchf-h1-quantix-financial-services

 

·         As every price action candle formation, it has to redraw. Mark the line with Red Dotted line

 

Trade Closure.

Buy: When a candle is closed below ATR Line

Sell: When a candle is closed above ATR Line.

Take profit/Target:

Input: Target

Buy: (Risk * Target) + Trade open price

Sell: Trade open Price – (Risk * Target)

When trade hits this price , Close trade.

 

Legend:

ATR: Buy /Sell

Resistance : Below/Above current price

Support : Below/Above current price

Price action candle: Buy/Sell

Risk :


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Proje bilgisi

Bütçe
70 - 100 USD
Son teslim tarihi
from 1 to 10 gün