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EA USING ADX AND CUSTOM INDICATOR USING MULITI TIMEFRAME ANALYSIS

MQL4 Esperti

Lavoro terminato

Tempo di esecuzione 2 giorni
Feedback del cliente
I appreciate Tran Dong Phat patience. Nice understanding of programming, and keeps to time. Ready to work via teamviewer to make adjustment and correction.

Specifiche

This is a trend strategy. It uses one custom indicator and the ADX indicator

The ADX acts like a filter and multiple timeframe analysis is applied.

BUY SETUP

1)When the custom indicator changes from sell to buy e.g 5M, check if ADX line > 20 and +DI> 20 and DI<20.

2)Then goto the next high timeframe i.e 15M, check 3 previous candle if custom indicator has close buy and is currently buy, if true then goto 30M timeframe and check if indicator is buy.

3)If all the above condition are met, Place Buy trade, set TP and SL. Use trailing stop and Break even point.

SELL SETUP

do reverse for sell.

Please find attached the image for buy and sell trade setup.

NB: Condition 2 is crucial to the profitability of the EA.

Thanks.

File:

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buy_setup.png
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PNG
sell_setup.png
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