Hi everyone,
i want en EA on the following rules:
Every day I want to set an level when to buy or sell.
But when i know this level the price is already above the level for an buy, and under the level for an sell.
For example:
For example, the market price of the EUR/USD presently is at 1.5600 when I know the buy level in the morning. I want to Buy at 1.5550 with a target of 1.5630.
This means that the market price must first come down from somewhere above 1.5550 and hit (or pass through) the entry point of 1.5550. That is the “alert” stage – you do NOTHING at this point.
If it hits or passes through the entry point of 1.5550, you must then wait for an Hour Candle to open (on the hour) both ABOVE & CLEAR of 1.5550 before opening your LONG (BUY) trade.
If it passes through and goes further on downwards, wait for it to retrace back up again to hit and pass back through the entry point, and then open your Long trade on the hour as soon as a green UP candle has opened both above and clear of the 1.5550 entry point, and remains a green UP candle during about 5 pips of movement. If it does then you can go ahead and BUY.
You can ignore any wicks which may straddle the entry point of 1.5550, it is the OPENING point of the candle which must be above 1.5550.
The danger is that it will hit 1.5550, or just pass through, then a short pull back will arise making a false retracement upwards, then it will reverse again and continue on downwards.
So the bottom line is to make sure that the re-tracement is definitely in place upwards from the entry point of 1.5550 before opening a Long trade.
Notes:- Firstly, always use the 1 hour chart. The aim of the 1 hour chart is to introduce stability and avoid small whipsaws which a shorter time frame will give out. Secondly, NEVER open up a trade on the entry point given candle. The very first possible trading candle is the opening of the hour candle next of the entry point is given.
Taking the Long (Buy) trade as the above example, I would mention that you cannot be too pedantic about actually hitting the entry point - if it falls short of hitting the entry point by up to 4 pips that would be classed as a hit. I usually allow a maximum of 10 minutes before dumping a possible trade. Normally, an overall direction can be established within the first couple of minutes, and after that period of time I start to regard it as a non-starter, and then wait to see if the next hour candle conforms instead.
SHORT TRADES: The complete reverse of course is the same for a Short signal; the price will usually have to move UP to the entry point as alerted in the e-mail, and then we enter on a new candle (on the hour) when we get a candle opening BELOW the entry point price on the signal, and it remains red for a few pips or so.
The program can only trade once with that pair!! Until an new entry point is given.
Also at an certain time the entry points are not valid any more so I must can choose an certain hour when the ‘not open’ trades must be deleted. There must be an possibility to choose an fixed pip value or an risk ratio % calculation. Is it also possible to get an e-mail when an trade is entered and when a trade is closed?
If you have any question please feel free to ask.
is there someon can do this?
What time do you need and what will the cost be?
Regards,
Nico Delbeke
i want en EA on the following rules:
Every day I want to set an level when to buy or sell.
But when i know this level the price is already above the level for an buy, and under the level for an sell.
For example:
For example, the market price of the EUR/USD presently is at 1.5600 when I know the buy level in the morning. I want to Buy at 1.5550 with a target of 1.5630.
This means that the market price must first come down from somewhere above 1.5550 and hit (or pass through) the entry point of 1.5550. That is the “alert” stage – you do NOTHING at this point.
If it hits or passes through the entry point of 1.5550, you must then wait for an Hour Candle to open (on the hour) both ABOVE & CLEAR of 1.5550 before opening your LONG (BUY) trade.
If it passes through and goes further on downwards, wait for it to retrace back up again to hit and pass back through the entry point, and then open your Long trade on the hour as soon as a green UP candle has opened both above and clear of the 1.5550 entry point, and remains a green UP candle during about 5 pips of movement. If it does then you can go ahead and BUY.
You can ignore any wicks which may straddle the entry point of 1.5550, it is the OPENING point of the candle which must be above 1.5550.
The danger is that it will hit 1.5550, or just pass through, then a short pull back will arise making a false retracement upwards, then it will reverse again and continue on downwards.
So the bottom line is to make sure that the re-tracement is definitely in place upwards from the entry point of 1.5550 before opening a Long trade.
Notes:- Firstly, always use the 1 hour chart. The aim of the 1 hour chart is to introduce stability and avoid small whipsaws which a shorter time frame will give out. Secondly, NEVER open up a trade on the entry point given candle. The very first possible trading candle is the opening of the hour candle next of the entry point is given.
Taking the Long (Buy) trade as the above example, I would mention that you cannot be too pedantic about actually hitting the entry point - if it falls short of hitting the entry point by up to 4 pips that would be classed as a hit. I usually allow a maximum of 10 minutes before dumping a possible trade. Normally, an overall direction can be established within the first couple of minutes, and after that period of time I start to regard it as a non-starter, and then wait to see if the next hour candle conforms instead.
SHORT TRADES: The complete reverse of course is the same for a Short signal; the price will usually have to move UP to the entry point as alerted in the e-mail, and then we enter on a new candle (on the hour) when we get a candle opening BELOW the entry point price on the signal, and it remains red for a few pips or so.
The program can only trade once with that pair!! Until an new entry point is given.
Also at an certain time the entry points are not valid any more so I must can choose an certain hour when the ‘not open’ trades must be deleted. There must be an possibility to choose an fixed pip value or an risk ratio % calculation. Is it also possible to get an e-mail when an trade is entered and when a trade is closed?
If you have any question please feel free to ask.
is there someon can do this?
What time do you need and what will the cost be?
Regards,
Nico Delbeke