EA for Range Bars

MQL4 Experts

Job finished

Execution time 2 days
Feedback from customer
Very good developer, attentive to the requirements and offered advice on how best to structure entry requirements thank you !
Feedback from employee
Great to work with you mate !

Specification

I am looking for an EA to be developed which uses range Bars

First thing to say is that I use AZ-Invest and Tick Data Suite for my testing so would obviously like a developer who has the same set up.

 

I would appreciate it that if you have not yet developed an EA for range bars you EA for range bars then please do not bid.

EA details

Copyright Paul Langham Exacttrading

Parameters

Start/Stop time: default 08:00 – 18:00

Candle 1 Percentage

Candle  2 Percentage

Dollar amount: value in $ the EA will risk on each trade. This is calculated by taking the number of pips between the entry price and the stop and calculating the position size based on the dollar amount to be lost.

 

LONG setup

As you will know a range bar will always either close on its high or its low. This means it is quite easy to measure the full bodied nature of a bar.

Example if we have a LONG 10 pip Range bar and it has a wick of 2 pips the body is 8 pips and the candle can be said to have an 80% body.

EA will look for two consecutive full bodied range bars of a certain percentage lets say both have to be over 85%. The percentages will be input above as parameters.

If the two consecutive bars meet that criteria then we go LONG at the open of the next bar.

Intial STOP

Initial stop is at the base of the second entry candle.

Running Stop

When a candle in which closes in the opposite direction is detected, close at the open of the next bar. Running stop is only actioned if the trade is in profit. If not in profit the use the Initial Stop

Shorts Reverse of LONG


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Project information

Budget
30 - 65 USD
VAT (21%): 6.3 - 13.65 USD
Total: 36.3 - 78.65 USD
For the developer
27 - 58.5 USD
Deadline
from 2 to 4 day(s)