False Breakout EA

MQL4 Uzman Danışmanlar

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Tamamlanma süresi: 3 saat
Müşteri tarafından geri bildirim
This was my second work order with Taher. He was able to code my trading style into an EA and to my liking. Great work. Definitely will consider him for future projects.

İş Gereklilikleri

Name: KFX_EA

Description:

Time Frames:

Daily Directional Bias (Recent Swing High/Low)
Hourly Entry

Trading Time:

12:00 AM CST

Currency Pair

Any



Swing High and Low


The type of swing I am using to determine directional bias is the 3 bar swing on the daily time frame.

Swing High

Candle 0 is current, C1 High is less than C2 High and C2 High greater than C3 High


2

3
1 0


Swing Low

Candle 0 is current, C1 Low is greater than C2 Low and C2 Low is less than C3 Low

3
1 0

2


Fibonacci Retracement Configuration

Buy Bias Description
Fibo Level: 0
"High of Asia"
Fibo Level: 1
"Low of Asia"
Fibo Level: 2
"Area of Reversal"
Sell Bias Description
Fibo Level: 0
"Low of Asia"
Fibo Level: 1
"High of Asia"
 Fibo Level: 2 "Area of Reversal"  

The Fibonacci Retracement tool is used to measure the Asia range and project a potential area of reversal. ex, if Asia is 25 Pips the potential area for reversal will be 25 pips which is equal to the size of Asia.

  • Hide or Show Fibonacci Tool, external variable
  • external Variable to show 0 - 5 days of fib, 0 being current day, if 0 is selected only current day fib will be visible, delete fib at Close of Day
  • Retracement should created at the close of 7th Candle, which is 12:00 AM CST or first 8 hrs 

Entry Point

Looking at the nearest small quarter point from either the High/Low of Asia will provide the entry. A small quarter point is 25 pips, thus 4 Quarter Points equals 100 pips. To provide an explanation lets start with whole numbers and 25 pips above or below is quarter point. ex, 1.1900 is a whole number, 1.1875 is the small quarter point below and 1.1925 is the small quarter point above. 

Price
Fib
1.1950 Entry "Sell Limit" Fibo Level 2
1.1925 Asia High Fibo Level 1
1.1900 Asia Low Fibo Level 0
1.1875

1.1850


Price
Fib
1.1950

1.1925

1.1900 Asia High Fibo Level 0
1.1875 Asia Low Fibo Level 1
1.185 Entry "Buy Limit" Fibo Level 2

  • Add expiration to all pending orders at the time of entry, external variable default 10 hrs from time of entry, if set to 0 no expiration time set on orders.

Risk Management

Take Profit and Stoploss orders will be determined using ATR in confluence with nearest quarter point to ATR value.

ATR D1 value = 30 Pips

Price
1.1925 Stoploss "1 ATR"
1.1900 Entry "Sell Limit"
1.1850 Take Profit "2 ATR"

Since the ATR value is 30 pips and you take the entry price at 1.1900 the nearest quarter point to the ATR value above entry will be 1.1925. ATR value 30 pips x2 is 60 pips, which would be 1.1860 the nearest quarter point to that value will be 1.1850 the Take Profit.

ATR D1 value = 45 pips

Price
1.1950 Stoploss 
1.1900 Entry "Sell Limit"
1.1800 Take Profit

Since the ATR value is 45 pips and you take the entry price at 1.1900 the nearest quarter point to the ATR value above entry will be 1.1950 . ATR value 45 pips x2 is 90 pips, which would be 1.1800 the nearest quarter point to that value will be 1.1800 the Take Profit.

Step to Determine Entry

  1.  Gather Directional Bias, either Recent Swing/Low formed on D1
  2.  Measure Asia Range at close of H1 candle using Fibonacci Retracement.
  3.  Set Pending Order at the Quarter Point in line with Directional Bias






















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Proje bilgisi

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100+ USD
Geliştirici için
90 USD