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EA based on price action

MQL4 EA

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실행 시간 21 일

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EA based on MTF price action, Let's say 2 hierachical time frame or 3.

‌ex: let's say H1 and H4, H4 as a background and H1 as an entry signal. Open order only when H1 and H4 have same direction, close order when one of H1 or H4 turned; Same logic for 3 hierachical TF as H1,H4 and D1, or H4,D1 and W1.

‌2 main logic on trading, each one used for trading separately, either use #1 or use #2

#‌1. when price close above/below than Number "X"th previous bar, open trade; close trade when close below/above Number "X"th previous bar; EX: variable=20, current bar is GMT 10:00 H1, when current bar close lower than previous 20th bar (which is H1 bar of 14H00 yesterday), open sell order, closed at GMT 21:00 H1 when close price is higher than previous 20th bar (which is H1 bar of 01:00 today).

U‌se MTF to confirm each hierarchical TF, ex: H4 has already been on buy signal, enter when H1 turn up ( first time close higher than previous "X"th bar)

‌

#2. This is similar to #1, but different: when price lower ALL previous "N" bars, open sell, when move higher than previous "N" bars, close order. MTF confirm each other. Ex:  variable=6 , D1 has already made 6 days high, H4 has already higher than previous all 6 bars, then enter when H1 first time higher than previous all 6 bars, close buy order when H1 make 6 bars new low.

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