Job finished
Execution time 7 days
The project involves developing and indicator and an EA for the same strategy. It's for Binary Options. It is a reversal trading strategy that takes both PUTS and CALLS.
Timeframe: m15
Trade Expiry: 15minutes
Concept Document and Strategy:
Previous Candle: A
Current Candle: B
Next Candle: C
1) Indicator and EA should always measure the size of candle A in points (customizable) on default it should see if Candle A has a minimum body size of 15 points. if yes then...
2) It must check that Candle B should be also int he direction of Candle A (i.e. Bear +Bear or Bull + Bull) and then look into the body size of Candle B and if it is x % (customizable) larger than Candle A then
3) if the above two meets then the indicator and EA should look into Volume (volume based on Standard Volume Indicator that comes with MT4) of Candle B and if that is X amount (customizable) less than the volume on Candle B then...
4) the indicator show a reversal arrow on Candle B as soon as criteria meets, And the EA should take a 15minutes (customizable expiry) reversal trade on the open of Candle C.
examples (disregard other indicators on the chart)
https://www.mql5.com/en/charts/5701096/euraud-m15-trading-point-of
https://www.mql5.com/en/charts/5739982/gbpaud-m15-trading-point-of
https://www.mql5.com/en/charts/5701017/gbpchf-m15-trading-point-of
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