Hi there,
I want an ea that can trade or only alert, has 2 Engulfing Timeframes marked with rectangles and 2 RSIs in the same window on different timeframes.
Following Inputs...
Trading Start 00:00 //Stops alerts/Trades
Trading Stop 18:00 //Stops alerts/Trades
Trading NO // if this is no, we only alert not trade
Lots Manual //Using Lotsize defined by user
Auto //means EA works out Lotsize
Dollar //means lotsize per dollar value
SL PIPS //Default is pips
ATR //SL using ATR
H/L //Recent High or Low
TP 2R //This the Risk to Reward
Trail 0 //0 means off, otherwise we use points for trailing
Entry Sweep //if SWEEP means we only use Sweep as entry within Engulfing Zones
RSI //if RSI means we only use RSI as entry with Engulfing Zones
BOTH //If BOTH means we use both as entry criteria
HTF Engulfing H4 // Drawing rectangles for higher Timeframe Engulfing
LTF Engulfing M15 // Drawing rectangles for lower Timeframe Engulfing
RSI ON //If ON means we must use RSI as entry/confluence
HTF RSI M15 3 //RSI(3) showing M15
LTF RSI M5 3 //RSI(3) showing M5 within the same window
2TF Sell 90 // level 90
Sell Alert 80 // level 80
2TF Buy 10 // level 10
Buy Alert 20 // level 20
HTFEngClr Red // changes the color for the HTF Engulfing
LTFEngClr Blue // changes the color for the LTF Engulfing
Equity Protect $300 //If account reaches $300 DD or Loss we stop EA for day
Account TP $800 //Target to stop EA for Prop/Live Accounts
Account SL $1000 //If account hits SL all trading is stopped
-----------------------------------
Bullish Engulfing just means a bull candle high is engulfed by the body of a bear candle.. can be 1 bear, or 2 or 3 or 4.. but cannot have a bull candle before the body of the bear candle is engulfed.
Draw HTF Engulfing Bullish and Bearish to current price
If price comes and mitigates any part of this rectangle, part of rectangle gets removed
But unmitigated part stays until mitigated
Draw LTF Engulfing Bullish and Bearish
If price comes and mitigates any part of this rectangle, part of rectangle gets removed
But unmitigated part stays until mitigated
Once Price comes into one or both of these rectangle zones
this is the trigger to start looking for entries
If RSI is turned on, price from at least 1 of the RSIs must be above 80 for low probability
If price is above 90 on 1 RSI its medium probability entry
If price is above 90 on 2 RSI its high probability
If Sweep is turned on, we must wait for price to be within the engulfing zone
A wick sweep must occur (Bullish candle high sweep previous candle high or Bearish candle low sweep previous candle low)
Money Management is purely for Trading Settings
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