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It waits X consecutive candlesticks in the same direction to open a position in the same side.
NumberConsecutiveCandle
Determines the number of consecutive
same direction candlesticks to validate the opening of a position.
Immediate entry(true or false)
When true,
Validate the consecutive of last candle immediately entry an order when the last
candle movement in progress the same direction.
When false,
Will disable the immediate entry function and trade as normal by validate total
of number consecutive candle.
CandlebodyTrade
True or False.
When in true, it will trade by candle total body only; false will trade by total
candle length. Allow to
determine a pips of candlesticks body in which the trade will remain open. At
the end of this period, if the trade did not reach its SP or its SL, then the
trade is closed.
Candle pips(True or False)
Entry
order when individual candle pips is more than setting pips
Average candle pips(True or False)
Entry
order when actual consecutive candles pips is more than setting average of
consecutive pips
Long or Short
Disable:
Enable buy and sell
Buy: Only buy
Sell: Only sell
TakeProfit
number of pips between the entry prices
Lots
Allow select the
fix lots
Decimal
Decimal point
setting
Stop loss(True or
false)
To set the stop
loss pips
Time frame
Select correct time frame
Max position open
entry
Number of entry order will be open.
Example:
NumberConsecutiveCandle
3
Immediate entry(true or false)
True (If false, open entry after
completed 3 candles in same direction )
Candle: 3
CandlebodyTrade
True
Candle pips(True or False)
True
Pips: 10
Average candle pips(True or False)
False
Long or Short
Disable
TakeProfit
Pips: 20
Lots
Lots: 0.01
Decimal
Decimal: 0.00
Stop
loss(True or false)
True
Pips: 10
Time frame
Time: M1
Max position open entry
Open: 2
Example
1:
When 2 individual consecutive of candles body is more than 10pips and third
candles more than 10pips in progress to short trade, open short position with
20pips TP and 10pips SL in 0.01 lot order at M1 time frame for first order with 2 decimal points currency pair.
When same rules is validate(for long or short), it will open for second order (last
order, max position 2)