Spécifications
create an EA script for mt5 with the following
Identifying Demand Zones
Look for a Strong Rally: Find a sharp increase in price from a particular area. This rally shows that buyers were aggressive.
- Identify the Base: The base is the area before the rally. It should be relatively small compared to the rally, showing that price did not spend much time at this level before moving up.
- Highlight the Zone: Mark the area starting from the lowest point of the candlesticks in the base to the start of the rally. This highlighted area is considered a potential demand zone.
Identifying Supply Zones
- Look for a Strong Drop: Find a sharp decline in price from a specific area. This drop indicates that sellers were aggressive.
- Identify the Base: The base is the area before the drop. It should be relatively narrow compared to the drop, indicating that price did not linger at this level before moving down.
- Highlight the Zone: Mark the area starting from the highest point of the candlesticks in the base to the start of the drop. This highlighted area is considered a potential supply zone.
Timeframes: 15min time frame
Entry Criteria:
buy signal.. look for a bullish reversal pattern of a bullish engulfing candlestick pattern) or a strong bounce from a demand zone as potential entry signals.
Sell Setup: Look for a bearish reversal pattern of a bearish engulfing candlestick pattern) or a strong rejection from a supply zone as potential entry signals.
Risk Management
Risk-Reward Ratio: 1:3
Take profit- 60
stop loss- 30
Position Sizing:
Use a lot size of 0.5 for all trades placed
Trading period is only within 6am to 6pm CET time zone
Drawdown: 1% a day
Market Conditions: only for trending markets