Price Action Scalper EA

MQL4 Esperti

Specifiche

This is an simple Ea based on price action. I am testing this strategy... The EA will have 2 price level (Sell_Level and Buy_Level) and when price moves up above the Sell_Level and then back down thru Sell_Level, then the EA will sell at market.

When price moves down below the Buy Level and then back up thru the Buy_Level, then the EA will buy at market. 

extern parameters

Lot size : 0.1 

Risk per trade : 5% 

Day Timing: 15:00 to 14:59 (This will define each day from 15:00 to 14:59)

Trading Hours: 15:00 to 22:59


Stop Loss (pips) : 5

Take Profit (pips) : 5

Trailing Stop (pips) : 4 (if 0 then EA just take close position when it hits Take Profit)


Sell_Level : Open/High/Low/Close (default - open)

Buy_Level : Open/High/Low/Close (default - open)





*********************


Sell_Level is equal to the highest Open (depend on extern parameter) price since “Start of Day” 15:00

Buy_Level is equal to the lowest Open (depend on extern parameter) price since “Start of Day” 15:00


Previous_Day_High is equal to the Price of yesterday’s High (15:00 to 14:59)

Previous_Day_Low is equal to the Price of yesterday’s Low (15:00 to 14:59)


Current_Day_High is equal to the High price since “Start of Day” 15:00

Current_Day_Low is equal to the Low price since “Start of Day” 15:00


Sell_Level and Buy_Level will be updated at each new price bar from start of day.

Sell_Level and Buy_Level will be reset at end of each day. 14:59


Previous_Day_High, Previous_Day_Low, Current_Day_High, Current_Day_Low will also be reset at end of each day. 14:59



Sell Entry


  • Current_Day_High < Previous_Day_High.
  • When price goes up above Sell_Level and then come back down thru Sell_Level, Sell at Market.


Buy Entry


  • Current_Day_Low > Previous_Day_Low.
  • When price goes down below Buy_Level and the come back up thru Buy_Level, Buy at Market.


Trailing Stop


The EA is to trail the trade's TP once it has hit Take Profits level. If Trailing Stop = 0, then EA just take profit without trailing.

e.g. if TP = 5 and Trailing Stop = 4, then

when trade is 5 pips in profit, the SL will be moved to Breakeven + 1 pip.

when trade is 9 pips in profit,  the SL will be moved to 5 pips




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Informazioni sul progetto

Budget
10 - 20 USD
Per lo sviluppatore
9 - 18 USD
Scadenze
da 3 a 6 giorno(i)