Create an EA to trade on big important news

MQL4 전문가

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1


Instruction:
=========

1)     M5 chart.

2)     Set up order placement 1 minute before big news.

3)     Count from past 10 - 15 candlesticks on M5 chart.

4)     Draw trendline on the chart (if it’s USD news, then draw trendline on USD pairs only).

5)     If no movement / whipsaw movement (trendline e.g. < 30 degrees), then place 1 buy stop & 1 sell stop order at 5 pips away. If 1 stop order hit, cancel another stop order immediately.

6)     If sloping down (trendline e.g. > 30 degree down or more*), then place 1 buy market order immediately.

7)     If sloping up (trendline e.g. > 30 degree up or more*), then place 1 sell market order immediately.

8)     News Source: ForexFactory (Need 3 stars / high impact news only)

*To find the trendline slope degree, compare last candle highest / lowest price (including candle tail price) with the lowest / highest (including candle tail price) of past e.g. 10 candlesticks. (Highest vs lowest, lowest vs highest price)

 

Trade High Impact News                              true/false

Currencies to Read                                        EUR, USD, CAD, JPY, GBP, CHF, AUD, NZD, SGD (add/delete with comma)

Count from Past XXX Candles                     10        (value adjustable)

Place Order XX minutes before News      1             (value adjustable)

Min Trendline Slope Down Degree           30           (draw trendline on chart)

Min Trendline Slope Up Degree                 30           (draw trendline on chart)

Stop Order Entry Points (if no movement / whipsaw)       50

Stop Order Entry Points (if trendline slope > 30)                 50

HourStart                                                         01:00

HourEnd                                                           23:00

Max Spread in Points                                    100                                                    

AutoMM (Balance %)                                    1  (1% balance loss = equal to SL in points for each order)

SL in Points                                                      300 (1% loss)     

TP in Points                                                      1500 (5% profit)

Use Trailing Stop                                            true / false

Trailing Stop Trigger in Points                         400

Move to Breakeven + XX Points                        100

Trailing Stepping in Points                               100

Magic Number                                                138138

Comment                                                         Big News EA

 

1 EA attach to 1 chart for 1 currency pair trading. I will attach EA to 4 – 5 charts only.


 


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