Change to Existing EA and Defect fix.

MQL4 Experts

Trabalho concluído

Tempo de execução 24 dias
Comentário do desenvolvedor
Genuine idea & great customer. It is great to work with him.

Termos de Referência


Please use version of indicator which was delivered in 
https://www.mql5.com/en/job/123652

Note: Please take indicator that you have attached in Chat post closing job( thanks again for fixing after closing job)

Area to Trade:

Input: Time frame (1w/1d/4hr) Drop down menu

Zig zag parameter is used (default 5,3,2),

Last low of zig zag (V shape is formed by Zig Zag parameter) candle tail area (Low to close area) is considered as Buy Trade zone.

Last high of zig zag (V shape is formed by Zig Zag parameter) candle nose area (High to open are) is considered as Resistance.

 

Resistance price area to be marked with RED colour till current candle.

Support Price area to be marked with Green Colour till current candle.

https://charts.mql5.com/25/246/audusd-d1-fxcm-australia-pty.png





EA Logic:

 
Indicator to use:Zig Zag,ATR, Timeframe to trade (1hr/1 day,1 week etc) - Drop down, Volume to trade .


Trade initiation



Sell Trade :
 
Rule 1: Last Closed candle should be  traded in trade zone and closed below trade zone.

Rule 2: Last closed candle should be bearish pin bar candle or sell price action candle.

Rule 3: Risk (current trade price to Stoploss)< n times of reward (reward = first Zig zag High or low below Trade price by scanning 30 candles(input -30 default))
if there is no Zig zag found below trade price after scanning 30 candles, Considered Rule 3 is met/true. 


 
 

Stop loss line:

We draw two stop loss as per below logic:

When a Sell price action candle or bearish pin bar is formed, high of that candle is marked as stoploss. This line needs to be checked at close of each candle and need to redraw till trade is active. This stoploss line is called End of day stoploss.

When a Sell  price action candle or bearish pin bar is formed, Intraday stoploss is calculated as “High of bullish pin bar candle or high of sell price action candle” + n times of ATR value of last closed candle) n here is input

 



Stoploss logic Execution.

When a candle is closed above End of day stoploss or when a price reach is intraday stoploss , whichever happens first is stoploss.

 

 

Trade closure.

 

Risk is calculated when trade is opened , only once for a trade

Risk = Absolute ( trade open price -Stoploss price )

Tarde closure Price =trade price - n times of risk

 





Buy Trade :

 

Last Closed candle be  traded in trade zone and   closed above trade zone.

Last closed candle should be bullish pin bar candle or Buy price action candle.


Rule 3: Risk (current trade price to Stoploss)< n times of reward (reward = first Zig zag High or low above Trade price by scanning 30 candles(input -30 default))
if there is no Zig zag found below trade price after scanning 30 candles, Considered Rule 3 is met/true. 


 

Stop loss line:

We draw two stop loss as per below logic:

When a Buy price action candle or bullish pin bar is formed, Low of that candle is marked as stoploss. This line needs to be checked at close of each candle and need to redraw till trade is active. This stoploss line is called End of day stoploss.

When a Buy price action candle or bullish pin bar is formed, Intraday stoploss is calculated as “Low of bullish pin bar candle or Buy price action candle” - n times of ATR value of last closed candle) n here is input

 

 

Stoploss logic Execution.

When a candle is closed below End of day stoploss or when a price reach is intraday stoploss , whichever happens first is stoploss.

 

 

Trade closure.

 

Risk is calculated when trade is opened , only once for a trade

Risk = Absolute ( trade open price -Stoploss price )

Tarde closure Price =trade price + n times of risk


Chart visualization: 

For Buy price action candle, Mark upper arrow mark in green. 
For Sell price action candle, Mark Down arrow mark in Red.

For bullish pin bar candle, Mark upper arrow mark in green(make a differnt arrow mark ).
For bearish pin bar candle, Mark Down arrow mark in Red(make a differnt arrow mark ).

Both Stop loss lines should be drawn on chart. 
Take Profit line should be drawn on chart.



Last closed Candle analysis: 
Time : 
Price Action : Buy/Sell/Nil
Pinbar : Bullish/Bearish/Nil
Breakout of Area of Trade : Buy/Sell/Nil

Trade Analysis: 

Trade Entry Time: 
Trade Entry Price: 
Risk : 
Reward: 
Risk to Reward: 

Candle Formation: 
Breakout of Trade Area: 

Intial EOD Stoploss: 
Intial intraday Stoploss: 

Current  EOD Stoploss:
Intial EOD intraday Stoploss: 
Trade Closure price: 

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Informações sobre o projeto

Orçamento
30 - 60 USD
Desenvolvedor
27 - 54 USD