Price Action Waterfall Pending
- Experts
- Thawinchai Waharam
- Versione: 1.0
- Attivazioni: 5
🌊 Price Action Strategy: Waterfall Pending
myfxbook :
🔍 1. Waterfall Candle Signal Strategy
This strategy detects large momentum candles—those significantly larger than the previous—and places pending orders in the direction of the expected continuation, confirmed by EMA:
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Buy Entry: Strong downward candle + price above EMA → Place Pending Buy Limit/Stop
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Sell Entry: Strong upward candle + price below EMA → Place Pending Sell Limit/Stop
🧱 2. Signal Filters for Accuracy
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EMA Filter: Trade in trend direction only (Buy above EMA, Sell below EMA)
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ADX Filter: No trades if ADX < 10
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Spread Control: Avoid trading in high spread conditions
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EMA Distance Filter: Skip trades if price is too far from EMA
🚀 EA Key Features
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Timeframe Flexibility: Supports M1 to H4 with customizable filters
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Risk Management: Equity-based lot sizing, Max Drawdown limit
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Adjustable SL & TP: Tailor Risk:Reward ratios to strategy needs
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Trailing Stop: Locks in profits as price moves favorably
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24/7 Automated Execution: Ideal for passive trading
🧭 Recommended Setup
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Platform: MetaTrader 4/5 (MT5 preferred)
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Timeframe: M30, 6 set files avilable for M1, M5, M15, M30, H1 and H4
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Currency Pair: XAUUSD (Gold vs USD)
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Minimum Capital: $100 (>$1,000 recommended)
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Broker: Trusted, low-spread broker
✅ Strengths & ❗ Limitations
✅ Strengths:
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Approx. 67% win rate
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Drawdown < 4% (on $10k capital)
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$7,800 profit from $10,000 in 1-year backtest
❗ Limitations:
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Uses pending orders only → May miss fast-moving trades
⚙️ EA Parameter Overview
Core Strategy
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TimeFrame = 30 Minutes
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EMA_Period = 165
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Size_multiply = 4.475
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Size_candle_pips = 90
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Pip_offset = 296
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Wating_Pending_Mins = 460
Signal Filters
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Spread = 40
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ADX_Period = 35
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ADX_Score = 16
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Distance_near_EMA = 4000
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Distance_far_EMA = 150
Risk Management
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Lot_Devided = 200,000
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SL = 1380 pips / TP = 2140 pips
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Trailing Stop = 1350 pips / Step = 200 / Start = 1360
Advanced Options
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On_Recovery = false
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Consecutive_losses = 2
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Recovery_Lot = 2.0
💡 Lot Size Calculation Examples
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Capital $10,000 → 10,000 / 200,000 = 0.05 Lots
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Capital $1,000 → 1,000 / 100,000 = 0.01 Lots
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Capital $100 → 100 / 200,000 = 0.01 Lots (rounded up)