Opening candle indicator | Forex Factory

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Opening candle indicator

  • #1
  • First Post: Mar 22, 2015 12:29pm Mar 22, 2015 12:29pm
Is there a script, indicator or an EA that will execute a trade after opening candle moved +- 10 pips.
  • #2
  • Mar 22, 2015 12:52pm Mar 22, 2015 12:52pm
Quoting dforant1
Is there a script, indicator or an EA that will execute a trade after opening candle moved +- 10 pips.
Hello dforant1, with EA Trade_off_last.ea.mq4 you can open trade in the direction of last candle, and you can chose time frame any but does not have feature (execute a trade after opening candle moved +- 10 pips) under this link

http://www.forexfactory.com/showthre...98#post7913298


Regards,
Moti
  • #3
  • Mar 22, 2015 1:05pm Mar 22, 2015 1:05pm
Quoting Motiram
{quote} Hello dforant1, with EA Trade_off_last.ea.mq4 you can open trade in the direction of last candle, and you can chose time frame any but does not have feature (execute a trade after opening candle moved +- 10 pips) under this link http://www.forexfactory.com/showthre...98#post7913298 Regards, Moti
Thanks but +10 is the most important part. A gift for helping. If a H1 for example trades +-10 pips chances are it will go at least 8 more. The actual figure in the test was +20 more pips. I'm having mental blank just can't see *open +-10 execute. I'm lazy, want to sleep after open cdl London EST.
  • #4
  • Mar 31, 2015 5:21am Mar 31, 2015 5:21am
Hi dforant1,

there is commercial product called magic stick that used to be able to do that. I don't know if it is still around (google). Good product but I bought it once for the lifetime and then they changed it after four years for monthly / yearly fee !!!!!! so I got pipped off............... anyhow if it is still around that will do the job.

cheers
hannele
  • #5
  • Last Post: Mar 31, 2015 5:50am Mar 31, 2015 5:50am
Quoting dforant1
Is there a script, indicator or an EA that will execute a trade after opening candle moved +- 10 pips.
As I have just modified some code for someone else that pending buys/sells above and below the high and low of the previous bar. I changed the code to the open of the current bar. So this should open pending buy stops and sell stops at the candle open.
I haven't tested it though

EDIT: if one is triggered the other is cancelled
Attached File(s)
File Type: ex4 Pending from Open.ex4   15 KB | 403 downloads
Please Do Not PM Me With Coding Enquiries
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