Candle Trading EA

For the calculation purposes, the Candle calculation should be taken from the Current Chart , the EA is attached.  ( i.e 5 minute chart, 10 minute chart... all have their own calculations for the EA based on the chart timing )  

EA must have schedule time for start and stop .

Lot size for the entry is a variable .

- The last 3 candles from the chart must be considered for taking Buy or Sell trades .  

-Trade entry after 2 consecutive candles in the same direction .

-Order for entry must be placed at the closing of 2nd consecutive candle  low or high . 

-SL on the H/L of the previous candle.

-TP should be calculated by taking the high and the low of previous 3 candles adding them and taking their average pip for TP.

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For Buy Trade 

- The previous two candles must be green .( Closing is higher than their openings).

- The entry of the  trade on current candle at the high of the previous candle. 

- At the close of the current candle,if the order is not filled, it must be cancelled provided if the current candle closed low .

For Sell Trade 

- The previous two candles must be Red .( Closing is lower than their openings).

- The entry of the  trade on current candle at the high of the previous candle.

- At the close of the current candle,if the order is not filled, it must be cancelled provided if the current candle closed High .

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SL Trail Formula 

Lets suppose trade is taking on candle "A: ,and the subsequent candle is candle "B".

For Sell trade  SL trail.

1- If the subsequent candle B closes below the closing price of Candle A, then

Move SL to the entry price  of the trade.

2- If the subsequent candle B closes Above the closing price of the Candle A, then 

Move the SL to the high of the candle A

For Buy trade  SL trail.

1- If the subsequent candle B closes above the closing price of Candle A, then

Move SL to the entry price  of the trade.

2- If the subsequent candle B closes below the closing price of the Candle A, then 

Move the SL to the low of the candle A

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