Build Expert Trading Strategy 930 am in Forex:
Build Expert Trade to implement the 9:30 am strategy in the Forex market. I'll explain the programming steps.
steps:
Choose currency pair and time: (Adjustable option within the Expert and prefer to put 10 options for couples and also place the timeframe selection from 5 Mints to 4 hours).
Determine the market trend:
§ Once the next candle is closed (after 5 minutes),
§ The expert compares the lowest and highest price values in the current candle with the values in the previous candle.
§ If the closing price is higher in the current candle than the highest price after the closing in the previous candle,
§ The market is in an upward trend.
In a bear market:
Determine the market trend:
§ Once the next candle is closed (after 5 minutes),
§ The expert compares the lowest and highest price values in the current candle with the values in the previous candle.
§ If the closing price is higher in the current candle than the highest price after the closing in the previous candle,
§ The market is in an upward trend.
In a bear market:
§ On the contrary, if the closing low of the current candle is lower than the low of the previous candle,
§ Market market in the direction of a trend.
§ On the contrary, if the closing low of the current candle is lower than the low of the previous candle,
§ Market market in the direction of a trend.
- Here's an example - for the 5-minute timeframe, the 9:30 a.m. strategy set the closing time for the candle as standard.
- Therefore, expert settings should be adjusted to use the same time (e.g., GMT + 3). (adjustable option).
Market Data Analysis:
At the beginning of each new candle (at 9:30 am depending on the specified trading time),
The Express will collect the lowest and highest price during that candle.
Determine the market trend:
§ Once the next candle is closed (after 5 minutes),
§ The expert compares the lowest and highest price values in the current candle with the values in the previous candle.
§ If the closing price is higher in the current candle than the highest price after the closing in the previous candle,
§ The market is in an upward trend.
In a bear market:
§ On the contrary, if the closing low of the current candle is lower than the low of the previous candle,
§ Market market in the direction of a trend.
Pleas Check the attached file
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