Price Action Trader EA - as the name explains doesn't bother about anything (including indicators,news etc) just solely relies on price action.
Initial Entry : Buy Order of user configured fixed lot size
Subsequent entries : Will be recursive based on price action on buy/sell direction where market heads
Some of the input parameters explained :
extern double FixLot = 0.01; // lot size of your choice
extern int GVari_96 = 111; // magic number
extern int GVari_92 = 200;//distance between orders 20pips
extern double secure=450; // set sl secure after 45pips
extern double modprice=300;// secure 30pips setting it as protective sl
extern double dollars=5;// profit target to close all orders and start afresh
Brief working summary :
It initially opens a buy order .01 lot and after that based on that pip interval input 20pips it takes order on the same direction or opposite direction recursively just following the price action. Per say if there is free fall of 200pips u can expect 20pips x 10sell orders showing up in the direction of market...
Also I have other parameters like secure sl and basket dollars - secure sl will secure if any order is over 45pip (it secures 30pip on that and basket dollar will keep clearing all the open trades if specific total profit reached).
Example : lets say u attached the ea to GBPUSD when it was 1.4328 (yday high)
initial order 0.01 buy 1.4328
next orders 0.01 sell 1.4308
.01 sell 1.4298
.01 sell 1.4278 and so on... just following the price action some orders will secure SL based on setting or it will clear all open trades when the desired dollar profit reached
Any feedback and customization required am willing to do to make it potent tool to use during such volatile market conditions...
Scoobi
Initial Entry : Buy Order of user configured fixed lot size
Subsequent entries : Will be recursive based on price action on buy/sell direction where market heads
Some of the input parameters explained :
extern double FixLot = 0.01; // lot size of your choice
extern int GVari_96 = 111; // magic number
extern int GVari_92 = 200;//distance between orders 20pips
extern double secure=450; // set sl secure after 45pips
extern double modprice=300;// secure 30pips setting it as protective sl
extern double dollars=5;// profit target to close all orders and start afresh
Brief working summary :
It initially opens a buy order .01 lot and after that based on that pip interval input 20pips it takes order on the same direction or opposite direction recursively just following the price action. Per say if there is free fall of 200pips u can expect 20pips x 10sell orders showing up in the direction of market...
Also I have other parameters like secure sl and basket dollars - secure sl will secure if any order is over 45pip (it secures 30pip on that and basket dollar will keep clearing all the open trades if specific total profit reached).
Example : lets say u attached the ea to GBPUSD when it was 1.4328 (yday high)
initial order 0.01 buy 1.4328
next orders 0.01 sell 1.4308
.01 sell 1.4298
.01 sell 1.4278 and so on... just following the price action some orders will secure SL based on setting or it will clear all open trades when the desired dollar profit reached
Any feedback and customization required am willing to do to make it potent tool to use during such volatile market conditions...
Scoobi
Scoobi doobi doo
