명시
I need a price action action EA that has money management options and will open and close trades based on the variables bellow
This EA is for MT4 platform only
When the price is going down, look left, and identify areas that pushed the price higher
Identify levels of consolidation, chop. (an area where there are multiple candles trading sideways)
When coming into a level of chop or support/resistance for the first time, buy/sell at the level and place your stop below the low of the chop. Upon first touch, the candle needs to be rejected off that level in order to change direction.
If there is not a rejection off that area then exit the trade and wait for the next setup.
When buying at a major support, target the support that was lost/gained to bring the price to where it currently is.
Using Candles
The current price will target the previous candles open, close, high, and low.
When the price closes above/below the previous confirms that the support is gained/lost and will continue to the next level of support or resistance.
When going long, the current candles must not close below the previous candles low. If that happens, exit the trade. Same thing vise versa when shorting.
Enter trades around the open and closes of candles for a larger reaction
When there is a large candle, and then a small candle, and then a nother large candle (so big down bar, small up bar, big down bar) enter position at the open of the final big bar, which lines up with the close of the little bar. And place stop above the high wick of the final big bar.
Target the level of support of resistance (the open, close, high and low) that was gained/lost to get the price to where it currently is.