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Price Action Day Trader


Special time limited offer: BUY for 70 USD.


Be a market analyst, not just a trader!


Stop wasting time by round-the-clock market mionitoring. Do your market analysis, set trading range and market sentiment for a day session and let this EA trade for you!

It was created to help all day traders using price action to distance themselves from the emotional influence caused by instant market monitoring and routine decisions to open and close trades which is the source of most trading mistakes.

Price Action Day Trader enables focusing exclusively on daily high-level market analysis, while the ongoing tactical decision-making is taken care of automatically.

EA works with trading range and market sentiment which must be set by user for every day session. This enables to adjust EA to current market conditions on daily basis.

Trading range is an area you plan to trade within in a daily session. Market sentiment then determines which trading direction is preffered for particular trading session (Buy, Sell or both).

EA identifies bullish price rejections in lower half of trading range and buys towards top of range. In upper half of trading range it identifies bearish price rejections and sells towards bottom of trading range.

Top of trading range or range maximum is a maximal sell price for day session (highest price below which it is still worthwhile to sell), range minimum is a minimal buy price (lowest price above which it is still worthwhile to buy).

EA buys in lower half of trading range and sells in higher half trading range, depending on market sentiment. Line marking center of trading range and separanting "buy and sell areas" is called balance point.

Market sentiment determines what types of trades are allowed during trading session. Buy sentiment means that buyers control the market and therefor EA is focused only on buy trading signals. Similarly in Sell market sentiment sellers are expected to control the market and EA picks only sell signals. Consolidation then means that there is no signifficant sentiment in the market and EA accepts both buy and sell trading signals. It is assumed that buyer and sellers are more or less in balance.

Trading signal

Trading signal consists of market sentiment, correct position of market price within trading range and confirmation by price rejection. Rejection is combination of fractal with price action pattern engulfing or pinbar.
  • BUY:
    • Market sentiment is BUY or Consolidation.
    • Price is below balance point.
    • One of two following situations occurs
      1. Price rejection is formed near (within stop loss limit) range minimum. Range minimum is then a stop loss for potential buy trade.
      2. For newly formed price rejection EA is able to find previous, lower price rejection. If previous price rejection is within stop loss limit from market price, it is then a stop loss for new buy trade.
  • SELL:
    • Market sentiment is SELL or Consolidation.
    • Price is above balance point.
    • One of two following situations occurs
      1. Price rejection occurs near (within stop loss limit) range maximum. Range maximum is then a stop loss for potential sell trade.
      2. For newly formed price rejection EA is able to find previous, higher price rejection. If previous price rejection is within stop loss limit from market price, it is then a stop loss for potential buy trade.

Stop loss

Stop loss is either boundary of trading range (range minimum for buy, range maximum for sell) or in case of double rejection it is previous price rejection.

Another alternative for managing risk and protect profits is to use trailing stop.

Target

Target of a trade is by default opposite boundary of trading range. If target is not set, trade lasts until end of trading session (see input parameter Target in Trading session section).

User manual

This is only high level description. Detailed manual including list of input parameters is here.

Demo

Before installing demo and testing this EA, please read section Backtesting in very end of user manual linked above. There is attached csv file with bulk market data as well as description how to use it with EA in Strategy tester to get best possible understanding of how EA works.

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Versão MT4: https://www.mql5.com/en/market/product/104871 Monitor de Desempenho do Desafio HFT MT5 (não para conta real): Corretor: Fusion Market Login: 89600 Senha: Greenman89$ Servidor: FusionMarkets-demo Mais de 700 avaliações genuínas de 5 estrelas para a versão MT4 lançada anteriormente: https://www.mql5.com/en/market/product/104871?source=Unknown#!tab=reviews Canal Público: https://www.mql5.com/en/channels/hftpropfirmea Versão MT4: https://www.mql5.com/en/market/product/104871 Principai
Oracle MT5
Stanislav Tomilov
5 (14)
Oracle Trading Expert the Quintessence of Modern Programming Technologies Expert Oracle for MetaTrader, trading on GBPUSD and Gold, represents the quintessence of modern programming technologies. Our unique proprietary methods and developments are based on advanced machine learning concepts, making our trading expert truly one-of-a-kind. We offer cutting-edge modules and neural architecture that embody innovative advancements in financial programming. Our algorithms rely on in-depth data analysi
Gold Trade Pro MT5
Profalgo Limited
4.56 (32)
Promoção de lançamento! Restam apenas algumas cópias por 449$! Próximo preço: 599$ Preço final: 999$ Ganhe 1 EA gratuitamente (para 2 contas comerciais) -> entre em contato comigo após a compra Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro junta-se ao clube dos EAs de negocia
Dark Algo MT5
Marco Solito
5 (55)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Gold Mana MT5
Dilwyn Tng
4.04 (28)
Gold Mana foi desenvolvido com mais de um ano de intensa pesquisa e testes. Este consultor especialista utiliza medições de volatilidade em vários períodos de tempo, analisa as intenções dos participantes do mercado e antecipa os movimentos dos preços antes que eles ocorram com a ajuda de padrões de velas e análise de oferta e demanda para entradas precisas que são altamente reativas aos movimentos dos preços do ouro, rompendo em níveis críticos do preço do ouro. Gold Mana provou ser resilient
Daytrade Pro Algo MT5
Profalgo Limited
4 (9)
Promoção de lançamento: Número limitado de cópias disponíveis no preço atual Preço final: 990$ NOVO: ganhe 1 EA grátis!   (para 2 contas comerciais) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Bem-vindo ao DayTrade Pro Algo!   Depois de anos estudando os mercados e programando diferentes estratégias, encontrei um algoritmo que tem tudo o que um bom sistema de negociação precisa: É corretor independ
Bem-vindo ao Dow Jones Algo EA PROMOÇÃO DE LANÇAMENTO: Restam apenas algumas cópias ao preço atual! Preço final: $2993.99  BÔNUS - COMPRE O Dow Jones Algo EA VITALÍCIO E GANHE 1 EA GRATUITO (limitado a 2 contas) => Pergunte em privado para mais detalhes!!! SINAL AO VIVO Dow Jones Algo EA (DJA) é um EA que utiliza uma estratégia baseada em um algoritmo que calcula os preços de fechamento das 100 velas mais recentes nos intervalos de 5, 10, 15 minutos, 1 hora, 4 horas e 1 dia para encontrar o
Aura Neuron MT5
Stanislav Tomilov
5 (1)
Aura Neuron is a distinctive Expert Advisor that continues the Aura series of trading systems. By leveraging advanced AI intelligence and cutting-edge trading strategies, Aura Neuron offers an innovative approach with excellent potential performance. Fully automated, this Expert Advisor is designed to trade currency pairs such as EURUSD and XAUUSD (GOLD). It has demonstrated consistent stability across these pairs from 1999 to 2023. The system avoids dangerous money management techniques, such a
Boring Pips MT5
Thi Thu Ha Hoang
4.71 (28)
Você já se perguntou por que a maioria dos consultores especializados não é eficaz nas negociações ao vivo, apesar de seu desempenho perfeito nos testes retrospectivos? A resposta mais provável é over-fitting. Muitos EAs são criados para 'aprender' e se adaptar perfeitamente aos dados históricos disponíveis, mas falham em prever o futuro devido à falta de generalização no modelo construído. Alguns desenvolvedores simplesmente não sabem da existência do over-fitting, ou sabem, mas não têm uma ma
Quantum Algo Trading MT5
Lo Thi Mai Loan
4 (4)
Confira os resultados ao vivo aqui: Sinal pessoal de $50K: [Clique aqui] Sinal ao vivo de empresa prop: [Clique aqui] Versão MT4 aqui: [Clique aqui] Bem-vindo ao Quantum Algo Trading MT5 EA . Este EA foi projetado para ser mais do que um simples sistema mecânico; será seu companheiro em sua jornada de trading ao longo da vida. O EA utiliza um sistema de breakout com um algoritmo otimizado por alguém com mais de 13 anos de experiência em trading e programação. Diferente de outros EAs no
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