Candle Stick based Price Action Scalper EA

MQL5 Experts

Trabalho concluído

Tempo de execução 61 dias

Termos de Referência

This scalper will look at 2 timeframes and takes a trade when all conditions are met. It has account and order management, not all described here. Will be shared in specifications. 


PLEASE: only apply when you write proper code yourself. Separate functionality, including comments explaining what it does. No assembly tool usage like fxdreema or similar. 


Conditions to take a trade, in this example a buy order is described, sell order works reversed:


15m timeframe condition (at candle close)

All active conditions are met:

  • In trading session;

  • If 15min candle is bullish; 

  • If 15min candle is Doji, check input

  • If 15min bullish candle has body/candle ratio > Input;  

  • Draw rectangle from high to low of 15 min candle


5 min timeframe condition

  • Conditions on candle stick pattern. To be shared after selection. 


    Entry (when all conditions are met)

    • TP is 1:2  or desired input RR

    • SL based on candle stick structure or SMA

    • TP based on RR

    • Trailing SL based on SMA


    • If trade loses, repeat process 

    • If trade wins... check daily profit target and keep trading or end trading until next trading day or stop trading when account profit target is reached


    Trade management 

    • Number of trades open at the same time


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