Hi guys! Anyone who helps me create the EA according to the following parameters is free to use and backtest the EA as well and benefit from it Pity I'm such a crappy programmer haha
Thanks guys! happy trading to all. Muacks
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Parameters
EA to automatically calculate DAILY pivot points = R1, R2, R3, PP, S1, S2, S3 lines
EA works only on 1 hour charts
Entry
1. BUY when price touches lines from above (don't need to wait for candle to close)
Stop loss: 26 pips
Take profit: only at first R/S/PP line above line of entry (don't need to wait for candle to close)
2. SELL when price touches lines from below (don't need to wait for candle to close)
Stop loss: 26 pips
Take profit: only at first R/S/PP line below line of entry (don't need to wait for candle to close)
THAT IS ALL
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Example
a) R2 level of EUR/USD is 1.2000 for monday, while R1 level is 1.2100
b) Price drops from 1.2050 to 1.2000
c) Since price has fallen to R2 level which is 1.2000, EA enters a buy
d) Price then rises to 1.2100, which is R1. EA closes trade instantly
OR
d) If price continues falling by 26 pips to 1.1974, then the EA stops out the trade regardless of whether the price will swing back up
Thanks guys! happy trading to all. Muacks
------------------------------------------------------------------------
Parameters
EA to automatically calculate DAILY pivot points = R1, R2, R3, PP, S1, S2, S3 lines
EA works only on 1 hour charts
Entry
1. BUY when price touches lines from above (don't need to wait for candle to close)
Stop loss: 26 pips
Take profit: only at first R/S/PP line above line of entry (don't need to wait for candle to close)
2. SELL when price touches lines from below (don't need to wait for candle to close)
Stop loss: 26 pips
Take profit: only at first R/S/PP line below line of entry (don't need to wait for candle to close)
THAT IS ALL
------------------------------------------------------------------
Example
a) R2 level of EUR/USD is 1.2000 for monday, while R1 level is 1.2100
b) Price drops from 1.2050 to 1.2000
c) Since price has fallen to R2 level which is 1.2000, EA enters a buy
d) Price then rises to 1.2100, which is R1. EA closes trade instantly
OR
d) If price continues falling by 26 pips to 1.1974, then the EA stops out the trade regardless of whether the price will swing back up