Create a big news movement EA

MQL4 Experts

Termos de Referência

1)     1

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

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

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

4)     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.

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

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

7)     Which News Source? Discuss. (Need 3 stars / high impact news only)

*Compare last candle highest / lowest price (including tail) with the lowest / highest (including tail) of past 15 candlesticks. (Highest vs lowest, lowest vs highest price)

 

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

Count from Past XXX Candles                     10

Place Order XX minutes before event      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 Pips (no movement / whipsaw)               5

Stop Order Entry Pips (trendline slope > 30)                        5

HourStart                                                         01:00:00

HourEnd                                                           23:30:00

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

SL in pips                                                          15          

TP in pips                                                          50

Max Spread in Pips                                        10                                                       

Enable Min Profit                                           True/False

Min Profit in Pips                                           10                                        

Enable Trailing Stop                                      True/False

Trailing Start                                                    20

Trailing Step                                                    1

Trailing Stop                                                    5             (discuss)

Magic Number                                                138138

Comment                                                         Big News

 

1 EA attach to 1 chart.

30++ charts


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