I'm putting this out there to see if anyone is interested and I can even pay a little bit -- not much cuz I'm still a pretty small fish on a tight budget (not one of the "big players" yet). I wish I knew how to do this stuff myself but unfortunately, that's not the case so here goes ...
I like to scalp. I trade the 5 minute charts and I've found my risk to reward ratio in trading retracements after large bullish/bearish candles fits what I like to do perfectly. What I'm looking for is an MT4 alert -- such as a pop up message box that also plays an audible alert -- when my specifications are met for a pair (the message box part of the alert would have the name of the pair and the pip increment reached, i.e., 20, 30, 40, or 50+; for example, 30-GBP/CHF, or 20-EUR/USD, etc.).
Basically I'm looking for pairs that have a 5 minute candle that's 20 pips or more in size as I've found I can usually get 5 to 10+ pips in the retracement. These large types of candles usually happen quickly and the retracements are usually just as quick. I need something to alert me when a pair has a candle that's 20, 30, 40 or 50+ pips in size because the bigger the candle, the more likelihood of a retracement.
For example, I was recently watching the EUR/USD and GBP/USD pairs to see if the candles would make 20 pips as it appeared that it was likely to do so. Well, they didn't ... however in the meantime, the EUR/CHF and GBP/CHF pairs both had 40+ pip candles, the GBP/CHF with a 20 pip retracement that I missed because they happened at the same time I was watching the EUR and GBP. If I'd had an alert to notify me that those pairs had reached 40 pips, I would have known to immediately stop watching the EUR and GBP and I would have gone for the CHF trades instead.
So each time the candle of a pair reaches one of the increments (20, 30, 40 or 50+ pips), I'd get a pop-up alert with audible alarm for each increment reached as it reaches it ... in other words, I need to know that the candle has reached the specified increment as it happens, NOT just after the candle has closed. I also need inputs for each increment so that I can turn them on and off as needed -- for example, if I only want to focus on candles that are 40 to 50+ pips in size and not bother with the smaller candles (20 and 30), I can change the inputs so that I only get an alert on the 40 to 50+ pip candles.
I don't need an EA to place the trades for me, just the notification that the large candles have materialized as stated above. I need to place the trades manually because I need to eyeball the price action to see how it's acting before actually entering the trade.
If you need clarification on anything or have questions, please ask ... and thanks for looking!
I like to scalp. I trade the 5 minute charts and I've found my risk to reward ratio in trading retracements after large bullish/bearish candles fits what I like to do perfectly. What I'm looking for is an MT4 alert -- such as a pop up message box that also plays an audible alert -- when my specifications are met for a pair (the message box part of the alert would have the name of the pair and the pip increment reached, i.e., 20, 30, 40, or 50+; for example, 30-GBP/CHF, or 20-EUR/USD, etc.).
Basically I'm looking for pairs that have a 5 minute candle that's 20 pips or more in size as I've found I can usually get 5 to 10+ pips in the retracement. These large types of candles usually happen quickly and the retracements are usually just as quick. I need something to alert me when a pair has a candle that's 20, 30, 40 or 50+ pips in size because the bigger the candle, the more likelihood of a retracement.
For example, I was recently watching the EUR/USD and GBP/USD pairs to see if the candles would make 20 pips as it appeared that it was likely to do so. Well, they didn't ... however in the meantime, the EUR/CHF and GBP/CHF pairs both had 40+ pip candles, the GBP/CHF with a 20 pip retracement that I missed because they happened at the same time I was watching the EUR and GBP. If I'd had an alert to notify me that those pairs had reached 40 pips, I would have known to immediately stop watching the EUR and GBP and I would have gone for the CHF trades instead.
So each time the candle of a pair reaches one of the increments (20, 30, 40 or 50+ pips), I'd get a pop-up alert with audible alarm for each increment reached as it reaches it ... in other words, I need to know that the candle has reached the specified increment as it happens, NOT just after the candle has closed. I also need inputs for each increment so that I can turn them on and off as needed -- for example, if I only want to focus on candles that are 40 to 50+ pips in size and not bother with the smaller candles (20 and 30), I can change the inputs so that I only get an alert on the 40 to 50+ pip candles.
I don't need an EA to place the trades for me, just the notification that the large candles have materialized as stated above. I need to place the trades manually because I need to eyeball the price action to see how it's acting before actually entering the trade.
If you need clarification on anything or have questions, please ask ... and thanks for looking!