Fractals and Engulfing patterns

MQL4 Uzman Danışmanlar

İş Gereklilikleri

I would like an EA that uses fractals but not in the typical fashion. Normally fractals identifies high and low points using the wick or drip of the candle. I would like it to identify zones using the candle stick only.

Fractal Resistance level - High of high stick in the middle and both the low stick and the high stick of the 2 candles on each side being lower would result in a trend line at the highest portion of the highest candle stick representing the fractal level or resistance level.

Fractal Support level - Low stick in the middle with two candle sticks higher would result in a trend line at the lowest portion of the lowest stick representing the support zone.

Bad level - If a candle closes above a resistance level or below a support level then those levels are no longer valid and should be deleted from your array or whatever you are using to store the variable.

Retest and Not New Level - If a candle wick touches a resistance level and forms a resistance fractal without a candle stick closing over the resistance level then this level should be categorized as a retest. If a candle drip touches a support level and forms a support fractal without a candle stick closing under the support level then this level should be categorized as a retest also.

*** The following engulfing candles may be different than the traditional *** 

Bearish engulfing - if(Open[1]<Close[1] && Open[0]>Close[0] && Close[1]-Open[1]<High[0]-Close[0])  I want the 1st bar to be green, second one to be red, and candle stick of first bar to be less than candle wick plus stick of second bar (Last bar created)

Bullish engulfing -  if(Open[1]>Close[1] && Open[0]<Close[0] && Open[1]-Close[1]<Close[0]-Low[0])  I want the 1st bar to be red, second one to be green, and candle stick of first bar to be less than candle wick plus stick of second bar (Last bar created)

Bearish engulfing candle - If there is a bearish engulfing candle and neither stick closes above the resistance but the wick touches or crosses over the resistance than this would signal a potential sell or short position.

Bullish engulfing candle - If there is a bullish engulfing candle and neither stick closes below the support but the wick touches or crosses under the support than this would signal a potential buy or long position.

Zone test signifying reversal - If the candle opens, touches or goes above with the wick of a candle and closes red. Then short or sell position potentially opens.

                                         - If the candle opens, touches support or goes below with drip of candle and then closes green. Long or buy position is potentially opened. 

Short positions #1 : if the previous criteria is met than the final way to check if a potential position is good is to check the difference between the last unbroken resistance level and the current one being tested and compare it to the last support level and the current resistance level being tested. It should be at least 2 to 1. if last unbroken resistance minus current position is at least half of the current position minus the last unbroken support level then short.

Long positions #1: if the previous criteria is met than the final way to check if a potential position is good is to check the difference between the last unbroken support level and the current one being tested and compare it to the last resistance level and the current support level being tested. basically the same setup as the last with a variable represting a ratio between the two. 

*** This may change according to the pair and time frame being traded. An adjustable variable representing the ratio between the two differences will be required *******

Short position #2 : find the high of the resistance levels candles and current candles testing the zone. Whatever the higher wins. I want to subtract the current price from that price and compare it to the difference between the current price and the last unbroken support. adjustable variable representing a ratio between the two.

Long Position #2 : find the low of the support levels candles and current candles testing the zone. Whatever the lower wins. I want to subtract the low price from the current price and compare it to the difference between the last unbroken resistance price and the current price. Also, adjustable variable representing a ratio between the two.

Short 1 Stop loss would be placed at the lowest drip of the previous unbroken support not being tested. 

Short 2 Stop loss would be placed on the lowest drip of the support being tested.

Long 1 Stop loss would be placed on the highest wick of the previous unbroken resistance not being tested.

Long 2 stop loss would be placed on the highest wick of the resistance being tested. 

Lot size would be calculated based off of current difference of stop location, price and adjustable variable representing the amount of risk I would like to make per trade.

Take profit on the Long would be at the resistance level

Take profit on the short would be at the support level

 

I am working too much. I don't have time to make this program or trade manually. 

Yanıtlandı

1
Geliştirici 1
Derecelendirme
(2102)
Projeler
2674
62%
Arabuluculuk
114
46% / 25%
Süresi dolmuş
421
16%
Yüklendi
2
Geliştirici 2
Derecelendirme
(2441)
Projeler
3076
66%
Arabuluculuk
77
48% / 14%
Süresi dolmuş
340
11%
Serbest
3
Geliştirici 3
Derecelendirme
(1859)
Projeler
3463
88%
Arabuluculuk
73
40% / 15%
Süresi dolmuş
265
8%
Serbest
4
Geliştirici 4
Derecelendirme
(130)
Projeler
210
40%
Arabuluculuk
90
20% / 43%
Süresi dolmuş
85
40%
Serbest
5
Geliştirici 5
Derecelendirme
(17)
Projeler
22
73%
Arabuluculuk
2
0% / 100%
Süresi dolmuş
10
45%
Serbest
6
Geliştirici 6
Derecelendirme
(89)
Projeler
137
24%
Arabuluculuk
35
9% / 40%
Süresi dolmuş
52
38%
Serbest
7
Geliştirici 7
Derecelendirme
(121)
Projeler
134
66%
Arabuluculuk
36
25% / 56%
Süresi dolmuş
22
16%
Serbest
8
Geliştirici 8
Derecelendirme
(49)
Projeler
134
27%
Arabuluculuk
62
13% / 53%
Süresi dolmuş
58
43%
Serbest
9
Geliştirici 9
Derecelendirme
(491)
Projeler
1017
58%
Arabuluculuk
29
28% / 24%
Süresi dolmuş
132
13%
Serbest
10
Geliştirici 10
Derecelendirme
(1)
Projeler
1
0%
Arabuluculuk
1
0% / 100%
Süresi dolmuş
0
Serbest
Benzer siparişler
Im looking for an coder to code an EA: Trade management 1. opening trades according to the indicator 2. trades settings to choose from like: open all trades according to the signal open only trade 1,2,3 or 4 % per trade ( example 50/30/20 of the lot settings, with 4 trades it would be for example 50/30/10/10) 3. SL/Trailing settings: Move SL to entry after hitting TP1/TP2 or TP3 moving SL by % keep the original SL
Hi I'm looking to have 2 of my pinescript strategies converted to MQL5 and was wondering if you could first give me a quote for the more simple strategy and then for both the simple and complex strategy together. The simple strategy is a MACD crossover type thing that uses a special EMA script that filters out some ranging price action and also fractal candles for the stop loss. The second strategy is market
I want grate robot for making profits that know when to start a good trade and close a trade and must be active all time to avoid lost of money
I have developed a very strong TradingView strategy in Pine Script but unfortunately, a third-party connector is requiired and in my opinion, I want a more direct connection. I am not brilliant at coding, but I have coded the majority of the MT5 code and I would like you to make sure that the MT5 code matches my TradingView script and executes the same way as the TradingView script that I will provide if you are
Mbeje fx 50+ USD
I like to own my robot that why I want to build my own.i like to be a best to every robot ever in the life to be have more money
I need an MT5 EA that can do the following: I have to give the EA a price in advance, when the price is reached the EA has to automatically place a buy stop or sell stop order 0.5 pips below or above the price. Is this possible
Dr Pattern 30+ USD
good day i need the service of the seaso coder to help me fix my ea The Job required 1 knowledge of Mt4 and Mt5 indicator coding 2. Telegram code 3. ability to code indicator to work on multiple Time frame combine to trade 4 Ability to Join two or three indicator on same ir different time frame if you have these skill please let chart i will discuss the details of the Job inside to you The required day including
Good day, I want someone to help me create a universal news filter with on/off switch, with start and end settings, and drawdown control with magic number of EAs, etc. Thanks
Hello, I am looking for a professional programmer to optimize my existing EA integrating it with ChatGPT to analyze currencies using various methods to make the right trading decisions. i want it to be an EA that can be trusted to carry trade with the help of chat gpt and also have a very low drawdown
Hello, I am looking for a professional programmer to create a trading expert on the MT4 platform, integrating it with ChatGPT to analyze currencies using various methods to make the right trading decisions. Further details will be provided to the applicants later

Proje bilgisi

Bütçe
10 - 999 USD
Geliştirici için
9 - 899.1 USD
Son teslim tarihi
from 1 to 10 gün