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Trendline trading strategy

MQL5 Experts Trading robot/indicator debugging

Spécifications

Indicators are

1. SwR - SUpport and Resistance 

2. Zigzag and 

3. SMA30

BUY TRADE

1. Wait for the candle to close at 6.30 am PST

2. Draw trend line from the top and bottom of the wick for the candles closed 6:25am PST and 6:30am PST. extending them forward

3.  Draw second trend line from the top and bottom of the wick for the candles closed 6:30am PST and 6:35am PST. extending them forward

4. Look for a break in either direction to determine whether to buy or sell immediately at the closed of candle at 6:30am PST. 
5. If there's an upward break, initiate a buy.
6. Open three buys positions (Enter number of trade to open in input). With given lot sizes (enter in input) as lots size for buy 1, buy 2 and buy 3.
7. Set the stop loss when three sell candles close below the SMA 30. (Count sell candles below SMA 30 from the start of the trade.)
8. Close buy 1 position when the price hits a resistance line or as the zigzag arrow pop up immediately.
9. Close buy 2 positions when three consecutive sell candles close side by side (for buy trades).
10. Close the remaining position(s) when three sell candles close below the SMA 30. (Count sell candles below SMA 30 from the start of the trade.)

11. If opposite trade condition set, take trade and follow all the exit conditions.

12. Include trade direction as Buy only, Sell only and Both


For SELL TRADE Apply opposite


Dossiers :

EX5
SwR.ex5
67.5 Kb
EX5
ZigZag_NK_Arrows.ex5
19.3 Kb
PNG
Trade_Sample_PST_1.png
27.2 Kb

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