EXPERT ADVISOR BASED ON POINT AND FIGURE CHART.
WITH DEFAULT SETTING 1 BOX ; 3 REVERSAL
EACH DAY THE EA MUST CHECK ON POINT AND FIGURE CHART (BASED ON M1 MT4) THE FIRST COLUMN THAT MADE 3 BOX AFTER A CERTAIN CUSTOM TIME (EXAMPLE 14:15) AND PLACE A TRADE IN THE DIRECTION OF THE COLUMN WITH CUSTOM TP AND SL.
FOR EXAMPLE, TODAY, THE FIRST COLUMN STARTS AT 14:20 ; IT'S A BEARISH COLUMN AFTER A BULLISH COLUMN ;
SO THE EA MUST PLACE A TRADE WHEN THE COLUMN HAS MADE THE FIRST 3 BOXES (ENTRY @ 1808.00) AND PLACE A TRADE WITH CUSTOM TP AND SL.
ALSO, THE MONEY MANAGEMENT MUST BE INCLUDED AS FIXED SIZE OR % ON THE EQUITY.
—————
I will explain better the trade of yesterday.Check carefully.
First step: We need to have an indicator/emulator of P&F on MT4 on M1 chart. We set 1 Box size and 3 reversal.
Second step: The EA check the first column after a custom time (example 14:15).
Third: Check yesterday 13/07 what would have happened
The first column after 14:15 is startedat 14:30. It was a bearish column.
As soon as the price completed the first three red boxes on the column at 14:30 it must enter bearish with custom TP (1box) and SL (3box).
The signal is won.
Check photo
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