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Price Action Day Trader


Special time limited offer: BUY for 70 USD.


Be a market analyst, not just a trader!


Stop wasting time by round-the-clock market mionitoring. Do your market analysis, set trading range and market sentiment for a day session and let this EA trade for you!

It was created to help all day traders using price action to distance themselves from the emotional influence caused by instant market monitoring and routine decisions to open and close trades which is the source of most trading mistakes.

Price Action Day Trader enables focusing exclusively on daily high-level market analysis, while the ongoing tactical decision-making is taken care of automatically.

EA works with trading range and market sentiment which must be set by user for every day session. This enables to adjust EA to current market conditions on daily basis.

Trading range is an area you plan to trade within in a daily session. Market sentiment then determines which trading direction is preffered for particular trading session (Buy, Sell or both).

EA identifies bullish price rejections in lower half of trading range and buys towards top of range. In upper half of trading range it identifies bearish price rejections and sells towards bottom of trading range.

Top of trading range or range maximum is a maximal sell price for day session (highest price below which it is still worthwhile to sell), range minimum is a minimal buy price (lowest price above which it is still worthwhile to buy).

EA buys in lower half of trading range and sells in higher half trading range, depending on market sentiment. Line marking center of trading range and separanting "buy and sell areas" is called balance point.

Market sentiment determines what types of trades are allowed during trading session. Buy sentiment means that buyers control the market and therefor EA is focused only on buy trading signals. Similarly in Sell market sentiment sellers are expected to control the market and EA picks only sell signals. Consolidation then means that there is no signifficant sentiment in the market and EA accepts both buy and sell trading signals. It is assumed that buyer and sellers are more or less in balance.

Trading signal

Trading signal consists of market sentiment, correct position of market price within trading range and confirmation by price rejection. Rejection is combination of fractal with price action pattern engulfing or pinbar.
  • BUY:
    • Market sentiment is BUY or Consolidation.
    • Price is below balance point.
    • One of two following situations occurs
      1. Price rejection is formed near (within stop loss limit) range minimum. Range minimum is then a stop loss for potential buy trade.
      2. For newly formed price rejection EA is able to find previous, lower price rejection. If previous price rejection is within stop loss limit from market price, it is then a stop loss for new buy trade.
  • SELL:
    • Market sentiment is SELL or Consolidation.
    • Price is above balance point.
    • One of two following situations occurs
      1. Price rejection occurs near (within stop loss limit) range maximum. Range maximum is then a stop loss for potential sell trade.
      2. For newly formed price rejection EA is able to find previous, higher price rejection. If previous price rejection is within stop loss limit from market price, it is then a stop loss for potential buy trade.

Stop loss

Stop loss is either boundary of trading range (range minimum for buy, range maximum for sell) or in case of double rejection it is previous price rejection.

Another alternative for managing risk and protect profits is to use trailing stop.

Target

Target of a trade is by default opposite boundary of trading range. If target is not set, trade lasts until end of trading session (see input parameter Target in Trading session section).

User manual

This is only high level description. Detailed manual including list of input parameters is here.

Demo

Before installing demo and testing this EA, please read section Backtesting in very end of user manual linked above. There is attached csv file with bulk market data as well as description how to use it with EA in Strategy tester to get best possible understanding of how EA works.

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Después de 6 años de éxito en trading manual, ¡mis estrategias ahora están disponibles como Asesores Expertos! Presentamos el WallStreetKiller EA: un sistema de trading diseñado para el US30, basado en años de experiencia práctica, pruebas exhaustivas y un compromiso firme con un trading seguro y estratégico. SIN GRID, SIN MARTINGALA, SL AJUSTADO EN CADA OPERACIÓN. UNA OPERACIÓN POR DÍA. SIN MULTIPLICADOR DE LOTES. ICTRADING SEÑAL REAL EN VIVO DE 10K   (No verás a muchos otros vendedores con cue
A muchas personas les gusta el comercio con XAUUSD, y yo no soy una excepción. Después de acumular algo de experiencia comercial y trabajo duro, creé este EA Apocalypse XAU específicamente para operar con todas las variedades relacionadas con XAU, como   XAUUSD/XAUEUR/XAUGBP/XAUCHF /XAUJPY/XAUAUD. Sin embargo, considerando que muchas personas pueden no necesitar operar con todos los pares de divisas XAU, sino solo con XAUUSD, un EA de nivel de entrada se vuelve muy significativo. Entonces decidí
Tecnología impulsada por IA con ChatGPT Turbo Infinity EA es un asesor experto de trading avanzado diseñado para GBPUSD y XAUUSD. Se centra en la seguridad, los retornos consistentes y la rentabilidad infinita. A diferencia de muchos otros EA, que se basan en estrategias de alto riesgo como la martingala o el trading en cuadrícula, Infinity EA emplea una estrategia de scalping disciplinada y rentable basada en una red neuronal integrada sobre aprendizaje automático, tecnología basada en intelig
GbpUsd Robot MT5
Marzena Maria Szmit
5 (2)
The GBPUSD Robot MT5 is an advanced automated trading system meticulously designed for the specific dynamics of the   GBP/USD   currency pair. Utilizing advanced technical analysis, the robot assesses historical and real-time data to   identify potential trends , key support and resistance levels, and other relevant market signals specific to GBP/USD.  The Robot opens positions  every day,  from Monday to Friday, and  all positions are secured  with Take Profit, Stop Loss, Trailing Stop, we incl
AI NoX EA is an innovative Forex expert advisor that combines advanced neural networks technologies with high-volume trading and Matrix factorisation .The advisor uses complex algorithms to decompose large sets of market data, uncovering hidden patterns and correlations between various financial instruments. Details about Advisor Development Configuring the Advisor The price of the advisor will increase significantly as I have allocated a specific number of copies. I will adjust the price as sal
AI Tune
Saeid Soleimani
5 (2)
**AI TUNE: Solución Avanzada de Trading Algorítmico** AI TUNE es un bot de trading de divisas y metales de vanguardia que utiliza inteligencia artificial para analizar datos del mercado y ejecutar operaciones. Este sofisticado sistema procesa grandes cantidades de información en tiempo real, identificando oportunidades potenciales y gestionando riesgos con precisión. Los resultados de backtesting de AI TUNE no son indicativos del rendimiento en el mundo real porque el bot no puede conect
Boring Pips MT5
Thi Thu Ha Hoang
4.71 (28)
¿Alguna vez te has preguntado por qué la mayoría de los asesores expertos no son efectivos en el trading en vivo, a pesar de su perfecto rendimiento en las pruebas retrospectivas? La respuesta más probable es el sobreajuste. Muchos EAs se crean para 'aprender' y adaptarse perfectamente a los datos históricos disponibles, pero fallan en predecir el futuro debido a la falta de generalización en el modelo construido. Algunos desarrolladores simplemente desconocen la existencia del sobreajuste, o l
The Gold Phoenix
William Brandon Autry
5 (2)
Gold Phoenix GPT - La Herramienta Definitiva de Trading con IA para Pares de Oro Gold Phoenix GPT es una herramienta de trading de vanguardia diseñada específicamente para pares de oro, utilizando una potente estrategia de ruptura en el marco temporal M1. Impulsada por inteligencia artificial avanzada, incluido ChatGPT y el aprendizaje automático, está diseñada para ayudar a los traders de todos los niveles a sobresalir en los mercados de oro de rápido movimiento. ¡Solo quedan 3 copias por solo
AW Recovery EA MT5
AW Trading Software Limited
4.16 (37)
El Asesor Experto es un sistema diseñado para recuperar posiciones no rentables. El algoritmo del autor bloquea una posición perdedora, la divide en muchas partes separadas y cierra cada una de ellas por separado. La configuración fácil, el lanzamiento retrasado en caso de reducción, el bloqueo, la desactivación de otros asesores expertos, el promedio con filtrado de tendencias y el cierre parcial de una posición perdedora están integrados en una sola herramienta. Es el uso de cierre de pérdidas
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