Hi, I've searched the internet in vain to find some indicators and Expert Advisors that serve my purpose the way I'm imagining. So, I was wondering if some were willing to share theirs, or if not too much trouble, someone could program one or more and share here for all?
1. An EA that places orders on a retrace of price to a particular moving average in the direction of that particular time frame trend. For example, price is falling falling, and retraces to ema 10. The ea is set to place a sell order on a touch of 10... or 20, or 60 as the case may be. An ideal EA could also be set to alert only, and serve as an indicator
2. An indicator that alerts to above conditions, probably on the close of a candle, alert once.
3. Managing trades; An EA that takes profits upon touching __ ema (fill in space). The ideal TP function would have TP1 TP2 TP3 and also a pip count function. I have existing Eas that I wish had this function added as a means of managing trades
4. An EA that places trades thus; On close of a candle, if price closes outside bollinger bands, (BB standard setting) it enters a trade on open of next candle, in opposite direction, counter trend. This is the basis of the trade. If such an EA exists, I could manage it from there but my ideal EA would enter more trades as needed until price actually reverses, sort of a Martingale style. In this system, I dont use a Stop Loss but such a function could be there to safe gaurd against wild never ending trends. Now this is the way I'd like it to trade. On up trend, price pierces BB and closes outside BB. I sell 1 position. If price retraces and touches ema 10 it has hit TP 1, and the EA resets itself, at which point I'd take half of my profits and set SL to BE, TP2 could be set at ema 20... or I might set to close all positions on ema 10. Theres no guarantee trades will be in profit when price finally touches ema 10, but nonetheless, that then becomes my SL.
Now if price continues to make new highs I sell more, only on green, outside the BB candle closes, and only if price has gone 10 or more pips against me. 1st entry I sell 1, 2nd entry I'd sell 2 more, 3rd entry I'd sell 3 more, 4th entry I'd sell 3 more unless my risk cap has been reached at this point, so start out very small or you'll eventually blow the account!
See chart example.
Such an EA/system should not be used on a break out of a very restricted Bollinger Bands! Nor should it be used immediately after crossing ema 60, and ema 200. Give candle closes/entries, some breathing room to come back to these.
5. An EA that sells when price touches upper bollinger band, standard settings, and buys when price touches lower band. No initial SL is set, but on new bar open, the trigger bar high/low plus 1 pip becomes the SL.
Such an EA could be useful when bollinger has established flat liner status, but has not become too terribly restricted yet.
Thanks in advance for any constructive comments and/or suggestions, or questions.
1. An EA that places orders on a retrace of price to a particular moving average in the direction of that particular time frame trend. For example, price is falling falling, and retraces to ema 10. The ea is set to place a sell order on a touch of 10... or 20, or 60 as the case may be. An ideal EA could also be set to alert only, and serve as an indicator
2. An indicator that alerts to above conditions, probably on the close of a candle, alert once.
3. Managing trades; An EA that takes profits upon touching __ ema (fill in space). The ideal TP function would have TP1 TP2 TP3 and also a pip count function. I have existing Eas that I wish had this function added as a means of managing trades
4. An EA that places trades thus; On close of a candle, if price closes outside bollinger bands, (BB standard setting) it enters a trade on open of next candle, in opposite direction, counter trend. This is the basis of the trade. If such an EA exists, I could manage it from there but my ideal EA would enter more trades as needed until price actually reverses, sort of a Martingale style. In this system, I dont use a Stop Loss but such a function could be there to safe gaurd against wild never ending trends. Now this is the way I'd like it to trade. On up trend, price pierces BB and closes outside BB. I sell 1 position. If price retraces and touches ema 10 it has hit TP 1, and the EA resets itself, at which point I'd take half of my profits and set SL to BE, TP2 could be set at ema 20... or I might set to close all positions on ema 10. Theres no guarantee trades will be in profit when price finally touches ema 10, but nonetheless, that then becomes my SL.
Now if price continues to make new highs I sell more, only on green, outside the BB candle closes, and only if price has gone 10 or more pips against me. 1st entry I sell 1, 2nd entry I'd sell 2 more, 3rd entry I'd sell 3 more, 4th entry I'd sell 3 more unless my risk cap has been reached at this point, so start out very small or you'll eventually blow the account!
See chart example.
Such an EA/system should not be used on a break out of a very restricted Bollinger Bands! Nor should it be used immediately after crossing ema 60, and ema 200. Give candle closes/entries, some breathing room to come back to these.
5. An EA that sells when price touches upper bollinger band, standard settings, and buys when price touches lower band. No initial SL is set, but on new bar open, the trigger bar high/low plus 1 pip becomes the SL.
Such an EA could be useful when bollinger has established flat liner status, but has not become too terribly restricted yet.
Thanks in advance for any constructive comments and/or suggestions, or questions.
Attached Image(s) (click to enlarge)
