That is a FX ea, I'll delete it.Originally Posted by ;
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That is a FX ea, I'll delete it.
Which are the rules for the?
Hy Ighr, you've got time to try and code a BO EA based more on price action 90%? But we have to go over first to see if what I wanna do would be realistic and could be coded,if it is I will prepare my screen shots.
Can code. Please clarify.Hy Ighr, you've got the time to try to code a BO EA based more on price action 90%? But we must discuss first to determine if what I want do is realistic and can be coded,if it is I will prepare my screen shots
1. Trend reversal pattern::A::-- Round Number High of Day/Low of the Day RSI6(OB[80]/OS[20]) Confirmation Candle
::B::-- Exhaustion pattern ( 3-4 candle formation) -large verification candle (like hyper extended candle)
-little verification candle following a previos big rising candle
2. Continuation pattern station breakout on fad direction::A:: -- Price closure out of a station breaking the fractal line indior confirmation is the strenght of candle great candle rod size
::B:-- Price closure out of a station breaking the fractal line indior verification needed if you're against the tendency ( verification is a little candle or doji that's closed out of the station )
rejection of Ema 21 -- extended wick pierce ema 21 and candle ends on a trending leadership in the trending colour or close like a trap pub or so,expriry 10m
Cofirmation Candle: Type 1: Counter trend candle for alteration hinges, should be a solid candle (without large wicks on both side) -- expiry 5m
kind two: Trend candle for alteration setups with reversal characteristics like pin pub (big wick), little body large wicks, little body expiry 10m
kind 3: Trend candle with large body x2 compared with the last 2 candle body typical (more for fatigue pattern play)(Hyper extended)
type 4: Trend candle / counter tendency candle with little body at a 4 candle formation, with a climbing body size
*Poor confirmation candle: extended Morubozu
*If you have a confirmation candle following 4 strong candle( 4 strong bullish 1 bearish(counter tendency candle)), avoid setup until new High(at least 1-2 pips over the previos one ) is set, then choose the first counter tendency candle as confirmation
*Avoid all setups- on Top of the hour: 00:55
- 30 min after significant news release
*Trade reversal setups from 1 gmt to 11:30 gmt
*I use this at my manual trading with a great win ratio.
Cash management 4 measure martingale: step 1: 20$
measure two: 64$
measure 3: 105$
measure 4: 105$
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for 1 hit= 294$
https://forexintuitive.com/attachmen...5662847090.mq4 I tried to do a indior for it.
And the screen shots, on this state of the market for this period of the year is quite hard to locate excellent setups hope the picture are you going to make a crystal clear view of what I'm trying to clarify in the description, all images are notice acordingly with the setup. 1A 1B. etc.. . There are more condition to emplement but for the moment I believe that is sufficient.
PS:Notice that I'm not the founder of this fashion, only a consumer of it , on manual trading this is a really consistent egy I don`t wanna provide amounts but it really is.
https://forexintuitive.com/attachmen...9972136896.rar
It's possible to code in ea for'Trend reversal pattern', however,'High of Day/Low of the Day', which day it is? Another can not be clearly defined, I believe.
HoD/LoD ought to be set by hour period, if a price makes Hod/LoD after 3:30 Gmt on the current day,such as making HoD/LoD following Asian Sesion (the 1st period of the day with higher quantity )
Don`t trade involving 21 pm - 0:30 am Gmt
Start trading in 0.30Gmt,trade reversal setups and continuation until 11:30 Gmt, then only Continuation setups until 17:30 Gmt, then both until 21Gmt.
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