The programming of this EA is very poor, but I am not a programmer. I have attached the beginnings of a real simple EA that enters the market with LIMIT orders at price points (support resistance lines) that I determine manually. I want to make sure that it only enters orders once per candle.
Consolidation Zone Trading
How I trade is by using consolidation zones as S/R along with monthly and weekly highs / lows as support and resistance.
Pictured below:
- Orange boxes are market consolidation on the GBPJPY.
- The black lines represent the balance point where the market can shift where the market makers consider changing direction. (Takes a lot of words to explain this and an understanding of what market makers are doing in these zones).
As a result the black lines are effectively support and resistance that can be tested.
I determine consolidation as a reduction in price volatility that is demonstrated by either a reduction in body range, bar range or a combination of body range and bar range reduction. As a result the support resistance lines generated can be highly variable, but regularly produce results of good trade entry / exit areas within 2 pips.
As a consequence of all this I would like a solid EA that enters market orders at levels I specify, repeats the order if market maker rejects the initial attempt of market entry. To do this manually for every trades means that I have to place Limit orders and market makers make their money out of knowing where the stops and limits of other trades are. That's what this business is - if I lose MM gains - if I gain MM loses.
Is anyone able to enhance my EA attached so that this can be done....
