Need EA to trade the candle color

Hello.
Need an MT4 EA to open long/short based on:
1. Open long when 1h candle close Red
2. Open Short when 1h candle close Green
Its simple unfortunately cannot find such EA.
No need of SL, Trailing, etc

You should rename your thread Need EA to blow out my account, your idea is a recipe for disaster.

I did not share idea. Not sure what you understand from my post.

He probably means the strategy doesnt take in account the background trend.
Let's say we are in downtrend : in this situation there are many red candles
Is it approriate to set buy order ?

Candles overlap .. noting goes straight down or up even is severe conditions.
Depend how greedy you are but for me is OK to take small portion of the bounce back.
Need the EA to automate the entry as i cannot watch it all the time.

Hi rockit .. thank you. Can you say few words what the EA is doing. There is not much i can set .. however if is looking for 1h candle and open short if previous candle was green and long if red .. is all i need (for now) :-)

EA will open a position with the first tick of a new candle:
will buy if previous candle open > close; sell if previous candle open < close.
So, if you put it on a H1 chart, it will do so every hour.

:-) BTW i did put on 1h chart to test on real account and it did what it had to .. open new order and order got closed on profit .. thank you

Hi There, can someone help me, this EA is all and well, but I would like it to be:
without the Stoploss.
when 1 bullish candle closes to open a buy and when a bearish candle closes to exit the buy and open a sell
when 1 bearish candle closes to open a sell and when a bullish candle closes to exit the sell and open a buy
and not automated riskmanagment, i want to set my own lotsize.
Any help would be appreciated.
its just some tweeks on the EA mentioned above

Please

I need a slight change to the EA code: TRADE CANDLE OPEN

The EA will open a BUY position if the previous candle is a GREEN candle (close [i-1]> open [i -1]).
The EA will open a SELL position if the previous sail is RED (close [i-1] <open [i-1])
All positions must be closed at the current candle closing price (close [i])

Here you go...

Hello rockit,

Thanks for this EA. I'm thinking of using this EA with renko charts. I have made a slight change in the code as @evanioesm asked in Post #11. Buy at the next candle open if the previous candle was bullish and vice versa for sell.

The idea here is : EA opens positions as per the conditions.
If the total profit for the symbol is positive and a reversal bar appears, it should close all the previous trades regardless of buy or sell and start opening positions from the new signal.
Let's say, EA opened 7 trades(3 Buys and 4 sells) and the profit for the symbol is +$1 all 7 trades including at the time of a new reversal bar. Before opening any new position it should close all the previous positions and open a new position in the reversal direction. Only if the profit is positive. Otherwise it should continue opening trades.

What to you think about this idea? Is it possible to add closing the position code to the existing code. Attached your EA in previous post with the modification I made.

hello all
I need a help by adding take profit and stop loss to this ea
Thanks

Hello All
I hope everybody is doing alright.

Actually I was looking for something really close to what was shared here, with some minor modification "If anyone can help me with".


1. When the EA starts I want it to open a trade in the same direction as the previous candle. (On any timeframe)
2. Lets assume that the trade was LONG, I want the EA to keep the trade open as long the candles are GREEN/BULLISH.
3. Once a candle closes RED/BEARISH, I want the EA to close the LONG trade, and open a SHORT one.
4. Again, the trade should stay open as long the candles are RED/BEARISH, once a candle is GREEN/BULLISH, I want the EA to close the SHORT and open a LONG trade.
5. The total number of open trades should always be ONE.

Thanks is advance