TapeSignalEA
Do you familiar with time and sales (tape reading) concept to entering trade?
Yes, this EA use time and sales (tape reading) concept to enter and exit trade.
But, this EA only using tick (in price change) and NOT using real volume market trade.
Why? I don't know where to get real volume time and sales data in metatrader (lot data) at real. Most CFD brokers doesn't provide it.
So what is tick? Tick means price change in very small scope.
Do you know that one candle in 1 minutes timeframe contains many tick? Yes, in one candle has many up and down tick.
And I use tick to time and sales (tape reading) concept to enter and exit trade.
Why not just using candle, man? You should know that candle doesn't provide where up or down start. It just using time to divide.
And for me, I should know where up or down start to know where to entry and exit trade.
Someone says, "Entry when everyone exit, and exit when everyone entry." Who say? Yes, me LOL.
So what this EA can do for us?
It use tape reading in tick (blue and red) so we can entry and exit using color change.
It use SL and TP we can set to safe us.
It use minimum price change to entry.
It use trailing minimum price change to exit.
But, yes, nothing excellent in this world, we should test different input to get best result.
It also contain any modes, you should test in strategy tester or demo account what modes work for you. For example :
FOLLOW (entry follow tick)
REVERSE (entry reverse tick)
INCREASE (entry always buy - tick trigger)
DECREASE (entry always sell - tick trigger)
FOLLOW BUY ONLY (entry follow tick - buy only)
FOLLOW SELL ONLY (entry follow tick - sell only)
REVERSE BUY ONLY (entry reverse tick-buy only)
REVERSE SELL ONLY (entry reverse tick-buy only)
TAPE FOLLOW (entry and exit using color)
TAPE REVERSE (entry and exit using reverse color)
TAPE FOLLOW BUY ONLY (entry and exit using color - buy only)
TAPE FOLLOW SELL ONLY (entry and exit using color - sell only)
TAPE REVERSE BUY ONLY (entry and exit using reverse color - buy only)
TAPE REVERSE SELL ONLY (entry and exit using reverse color - sell only)
TOP COLOR TAPE FOLLOW (entry using top color in tape)
TOP COLOR TAPE REVERSE (entry using reverse top color in tape)
Yes, it just a tools, and it needs logic to make your trade work.
Thanks
