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I had an idea that was a bit complicated and he made it work. Anything that he was unclear on he made sure to contact me before we got too far along to get it right.
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This is a simple EA that I would like to try.
Please respond if you can accurately turn this around in a timely manner.
This EA should do the following:
- Search the charts for inside bars and engulfing candles
- When found, I would like a trade to be taken in the opposite direction of the current trend.
To check the trend, have the EA check back 10 candles to see if the price has still been in this same area..if current price is below the HI/Lo of the candle (back 10 candles), then it is in a downtrend (trade should be a reversal to the uptrend).
Also, check back 10 candles to see if the price has still been in this same area..if current price is above the HI/Lo of the candle (back 10 candles), then it is in a uptrend (trade should be a reversal to the downtrend).
- When it is confirmed to be ranging, please us the candle patterned to dictate the direction of the trade (bearish or bullish).
- When a trade is taken, if the first candle closes in the direction of the trade, place another trade of the same size. Same with subsequent candles.
- All open positions should be closed when a candle closes in the opposite direction of the trade.
Take Profit, Stop Loss, Trailing Stop, Lot Size, and the number of candles to choose for the look-back to determine the trend.
This is purely a candle pattern EA, no indicators
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