Please see png for more detailed explanation and picture examples but basically here is the strategy that will be used to initiate binary option trades using MT2 Trading platform that users MT4 EA to signal trades.
The EA will be used on MT4 (its the one I have but open to MT5)
Trades will be initiated when the price hit support and resistance of each Fibonacci retirement 23.6%, 38.2%, 61.8%, and 78.6% and 50% of the previous days price range. The trade will be I line with the previous days sentiment i.e. a up day will initiate a buy trade at fib retracements. If the day begins trading long the fibs are recalculated when the price retraces. Trades will only be initiated when these conditions are filled.
In this example I will use a long buy trade.
The price will retrace to the 23.6% fib. The velocity or speed of the candles approaching the fib is important, if they are too fast and erratic the trade is void. I assume a calculated average of the previous X amount of candles and a limit on how much higher the candle length is allowed to be before voiding trade word work unless you have a better idea.
If the velocity is ok and the fib is hit or even very close to being hit (could this proximity about be a manual input?) and then the candle that hit the fib or a subsequent candle reverses and the length of the wick is higher than the previous candle a trade can be initiated (remember this means MT4 signals MT2 which initiates binary options trade, in this case a 1 minute trade.)
An Exception to the reverse candle length being higher than the previous is if its a hammer signal whose wick is 75% of total length (can this be adjustable). The high point of this candle does not need to be higher than the previous candle nor does the hammer head need to be green)
If the candle reverses but does not go higher than the previous candle nor produces a hammer candle the trade can not be initiated but if the continuing candles create a new low and then reverse fulfilling the above conditions a trade is initiated.
This continues through all the fibs and 50% but the fibs can only be hit once or a trade executed around each fib once only.
Trade amounts, duration and martingale are all done in MT2 trader platform.
Many Thanks.
Pedidos semelhantes
see trade open on every tick seconde ok forex pair us us30 if is current running at 40170.00 so open 2 trade buy stop and sell stop both in every tick pending order of buy stop will 40171.00 and sell stop pending order will be 40169.00 buy stop will open at 40171.00 and tp will be 40173.00 and SL will be 40169.50 ok if buy stop hit sell stop order automatically will be close now if sell stop order open at 40169.00 so
Hi, I have an indicator from my friend, I want to copy it to MT5 can you do that for me. Here is the link
I'm seeking assistance in developing a sophisticated trading robot with the following features: Core strategy: Harmonic pattern recognition Supply and demand analysis Fibonacci zigzag for trade optimization Additional components: News filter Dashboard for easy monitoring Customizable settings: Lot size Trailing stop Trading session parameters Maximum number of orders Option to use market or limit orders Resources
1. Add Feature For (SPREAD) Normal trading Hours Spread or User set trading Hours Spread True or false Set to true or False When set to true EA will only create or develop a trade if spread is in this window allowing it to and EA will follow a window in which it can trade based on spread so if spread is to high and outside of this window it will not create a trade It
Hi, I have an indicator from my friend, I want to copy it to MT5 can you do that for me. Here is the link
Hi, I have a working MQ4 EA (With a few warnings but works fine), I need the warnings cleared and converted to MQ5. But I would also like a few improvements first. Firstly: Fix warnings in MT4 code (return value of 'OrderSelect'/'OrderModify' should be checked). Add following features: Magic number modifiable variable (It's currently hard coded) Is it possible to have a stop loss dollar amount instead of lots if
i create a robot which help with order blocks and detection of spikes ....simply it analyses the market for you and if you are using it you wont need much skill to start operating it well you just need to know and understand how it works
I need an experienced programmer to create an automated EA that will open trades based on different candle stick formation strategies and indicators. The EA will first scan the market, find a current market trend and define area of support and resistance. On ranging market the EA doesn’t place trades . (1) EA should use a straddle strategy from either the S/R level, (2) indecision Doji candle from the S/R area, (3)
Order of EA trading only Arrow signals of my indicator in MT4 This EA should trade only the BUY and SELL Arrow signals after 1 added candle AND only if the bricks (blue for blue and red for sell) are in same direction Arrow + a brick Indicator is here attached. Arrow up + 2 Bricks Blue is BUY Arrow down + 2 Bricks Red is SELL Important is to check ONLY CLOSED candels. Sometimes it maybe occur ,that arrow apperase
Je souhaite un Ea advisor, possédants des stratégies combinés tels que : RSI+BB, Stoch+ATR, Fibonacci pattern harmonics, Keiltner+Canal Donchian, EMA+SMMA, support et résistance,zizag Min lots : 0.1 Je rechargerai mon solde une fois qu’un bon robot me sera présenté Je 'ai qu’une centaine d’euro entre mon investissement en votre EA et mon solde métatrader je ne veux pas de calcul de lots en fonction de mon
Todas as encomendas
Regras
