Changes to EA

MQL4 Experts

Specification

As per our discussion 

 

Extern True/False to enable disable the following trade filters to the existing EA

 


IF Yesterday daily candle close lower than yesterdays open

next day only allow Sells.

 


If yesterdays daily candle close higher 

than yesterdays open -

 next day only allow buys.



- extern for Minimum pips from previous days open to close to break existing trend for example we have 2 consecutive days of market closing below open then we have 1 day where market closes higher than open but below X amount of pips we do not qualify this as a new direction to follow so we continue with the existing trend direction from preivous days.

- Trend Lookback extern

this will be used so if daily candles have not expanded beyond extern min pips we will only allow trades from established trend (trend lookback will allow us to set how many days we look back from the trend) for example if it was set to 2 and we have been in a down trend but then had a day where price opened and closed below the minimum extern for minimum pips we refer to lookback extern and only allow trades in the established trend.

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Project information

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