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I need an EA, wich is using my ZigZag type indicator.
The indicator not repainting, once the new opposite direction leg occured with the last candle close, that moment the last leg ( 5th ) new direction is "valid".After this 5th leg will always move with the price, it will point to the Lowest Low, or Highest High.The EA just using the 5th leg to check the previous 1-2-3-4 legs for valid setups , when a new direction change of the 5 thleg formed with the last candle close price.
This 1-2-3-4 legs what i want to use to identify the classic trend following logic (HH+HL or LH+LL).
Once the valid Buy or the Sell pattern is formed, the EA need to place a starting position, and x number of pending orders (to both directions)with x distance from the starting position, and with x distance from each other.
-Only one Buy or Sell (1-2-3-4) setup could be open at the time.
-Always when the price reach the next grid, the EA need to add a new pending order at the end of the sequence(MaxBuyStop & MaxSellStop)
-Once a valid Buy or Sell setup already started, if later again a SAME direction setup formed at a new 5th leg direction change, the EA need to ignore it, if you have any opened position.If there is no open position, than the EA need to start a new Setup.
-After the setup is started, the TP, Stop Loss, Trailing Stop, an the MaxBuysStop & MaxSellStop will manage the positions.
-When a new opposite direction valid setup formed with the 5th leg, in this case the EA need to close & cancel all previous orders, and start a new setup, according to the new direction.
At handover I will need the mq4 file to edit the EA`s time limitation (expiry) date.
At handover I will need the mq4 file to edit the EA`s expiry date.The EA don’t need to draw horizontal lines at the grids, and also no need to display the 1-2-3-4 numbers.I like to have only arrows, Blue for Buy, Red for Sell, Chartreuse for BuyStop, Magenta for SellStop.
See the pics.
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