Welcome all to my thread firends!
I'm here today to share my EA.
First of all, I would like to point out that the inspiring mind of this system is the user "FXCyborg", but he will not receive any credit from me. The way he had to deal with the community is repugnant.
The system in question uses a long / short setup based on 3 candles.
The rules are very simple:
-The three consecutive candles must be bull / bear.
-The closing of candle n2 should be above the high of n1 (in case of long) or lower than low of n1 (in case of short).
-The candle n3 must have, during its development, the lowest point that touches the opening of n2 (in the case of long) or the highest pinto that touches the opening of n2 (in case of short). (Touch = same price. Pipette variations can be set in the EA).
-My TP is the entry price plus/minus the distance between lowest of candle 1 and highest of candle 2 (long/buy). Or highest of candle 1 and lowest of candle 2 (short/sell). I also add spread points to the TP. (very low spread account/broker).
* We possibly avoid doji candles inside the setup.
* If possible we avoid large rejection tails (opposite direction) within the setup.
* In my personal case, I prefer to trade during the London and New York sessions.
Buy setup example:
As you can see there we have a 5 min chart with a valid long entry setup. We have to entry al the closing price of the Bar 3 (the candle that has also touched the opening price of the candle 2 with its lowest point).
Sell setup example:
As you can see there we have a 15 min chart with a valid shotrentry setup. We have to entry al the closing price of the Bar 3 (the candle that has also touched the opening price of the candle 2 with its highest point).
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This is how the EA will appear:
You must attach the EA to one single chart, no matter which one & no matter the timeframe,and he will scan EACH symbols in your MarketWatch. To select them properly go in mt4 symbol window (or simply CTRL+U) and manage it.
Settings:
\AlertOn: Enable/Disable alert when setup appear
\PushOn: Enable/Disable push notifcation when setup appear
\MainOn: Enable/Disable main when setup appear
\mailToSend: address where you want to receive the email
\difference1 to 240: (1=M1, 240=H4) difference permetted for trigger the setup. 0 means low3 and open2 (in case of long) must have the SAME price, 1 means \could be 1 point difference. etc
\TradeOn: Enable autotrading (according to alert)
\volume: Lot used
\M1 to H4: timeframe enble to scanning/autotrade/alert/mail/push
\Hours settings: EA working hours interval
The EA may still have malfunctioned which I have not realized, and / or may be subject to improvements, it is still in the testing phase. The autotrade mode is not yet perfect, and will have to be improved. So plis, TEST IT ON DEMO.
I will be here any question or clarification. Feel free to share your experience with this system.
Latest version 1.6b:
Changelog: -gap error fixed
Indicator Beta:
Old version:
I'm here today to share my EA.
First of all, I would like to point out that the inspiring mind of this system is the user "FXCyborg", but he will not receive any credit from me. The way he had to deal with the community is repugnant.
The system in question uses a long / short setup based on 3 candles.
The rules are very simple:
-The three consecutive candles must be bull / bear.
-The closing of candle n2 should be above the high of n1 (in case of long) or lower than low of n1 (in case of short).
-The candle n3 must have, during its development, the lowest point that touches the opening of n2 (in the case of long) or the highest pinto that touches the opening of n2 (in case of short). (Touch = same price. Pipette variations can be set in the EA).
-My TP is the entry price plus/minus the distance between lowest of candle 1 and highest of candle 2 (long/buy). Or highest of candle 1 and lowest of candle 2 (short/sell). I also add spread points to the TP. (very low spread account/broker).
* We possibly avoid doji candles inside the setup.
* If possible we avoid large rejection tails (opposite direction) within the setup.
* In my personal case, I prefer to trade during the London and New York sessions.
Buy setup example:
As you can see there we have a 5 min chart with a valid long entry setup. We have to entry al the closing price of the Bar 3 (the candle that has also touched the opening price of the candle 2 with its lowest point).
Sell setup example:
As you can see there we have a 15 min chart with a valid shotrentry setup. We have to entry al the closing price of the Bar 3 (the candle that has also touched the opening price of the candle 2 with its highest point).
------------------------------------------------------------------------
This is how the EA will appear:
You must attach the EA to one single chart, no matter which one & no matter the timeframe,and he will scan EACH symbols in your MarketWatch. To select them properly go in mt4 symbol window (or simply CTRL+U) and manage it.
Settings:
\AlertOn: Enable/Disable alert when setup appear
\PushOn: Enable/Disable push notifcation when setup appear
\MainOn: Enable/Disable main when setup appear
\mailToSend: address where you want to receive the email
\difference1 to 240: (1=M1, 240=H4) difference permetted for trigger the setup. 0 means low3 and open2 (in case of long) must have the SAME price, 1 means \could be 1 point difference. etc
\TradeOn: Enable autotrading (according to alert)
\volume: Lot used
\M1 to H4: timeframe enble to scanning/autotrade/alert/mail/push
\Hours settings: EA working hours interval
The EA may still have malfunctioned which I have not realized, and / or may be subject to improvements, it is still in the testing phase. The autotrade mode is not yet perfect, and will have to be improved. So plis, TEST IT ON DEMO.
I will be here any question or clarification. Feel free to share your experience with this system.
Latest version 1.6b:
Changelog: -gap error fixed
Indicator Beta:
Old version:
