FreelanceSections

EXPERT ADVISOR BASED ON CANDLE WICK

MQL4 Experts

Job finished

Execution time 24 days
Feedback from customer
one of the best polite and humble guy wishing to work more in future
Feedback from employee
Thanks again for the job sir.

Specification

buy condition -

if a candle is green with less than X amount of pips wick it will execute buy trade

EA will have function to set the wick size.

So if i put 10 then EA will execute buy trade only if the green candle has wick size of 10 or less.

but if i dont put any value then after one green bar it will execute buy trade regardless of wick size.


Sell condition is opposite of buy condition





extra feature


1. 

Enable breakeven

Slippage functions

Money management functions  (fixed lot size, based on fixed money, based on free margin%, based on account balance % )

Trailing stop function

Max spread filter


2. trigger opposite signal  false or true ..which means if ea find a buy condition it will execute sell trade

3. equity protection function. Which will include function as equity stop out level when account grow a certain percentage or draw down a certain percentage. this function will close every trade when a certain percentage is reached in the account and disable all the Expert advisor. but it will reset every 24 hours.

4. max number of trades

5. close on the next candle function.

 example buy trade







 if i set the value of wick size 10 then ea will find a candle which has wick less than 10 pips and execute buy trade. Here the first green candle has less than 10 pips so ea will  execute the buy trade.


 sell trade 




first red candle has wick size less than 10 pips so it will execute sell trade.


Special note-

I will use this EA on renko chart generated by OVO renko chart generator

other functions are bonus but not mandatory

I will appreciate any suggestions and ideas...should not take long time to make and backtest  this EA...happy coding and trading guys.




Files:

ZIP
strategy.zip
6.7 Kb

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