I am interested in generating an EA based on Candle reversal.
The idea is simple.
When the candle close value is HIGHER than the close value of previous candle , which is again higher than the second previous candle close value then a BUY trade should be opened. This opened BUY trade should be closed only when the reversal of the candle takes place ( that is ) when the candle low value is lower than the candle low value of the previous candle which again is lower than low value the second previous candle. There is no Take profit or Stop loss.
At the same time the BUY trade gets closed simultaneously a new SELL trade should be opened. This SELL trade should be closed only when the trade reaches stage when the candle again reverses ( that is ) when the High of the candle is higher than the hig of theprevious candle and also higher than the second previous candle.
The same pattern should again be repeated and the trades should continue in this manner.
I would be grateful if someone can help me in developing this E A.
thank you
The idea is simple.
When the candle close value is HIGHER than the close value of previous candle , which is again higher than the second previous candle close value then a BUY trade should be opened. This opened BUY trade should be closed only when the reversal of the candle takes place ( that is ) when the candle low value is lower than the candle low value of the previous candle which again is lower than low value the second previous candle. There is no Take profit or Stop loss.
At the same time the BUY trade gets closed simultaneously a new SELL trade should be opened. This SELL trade should be closed only when the trade reaches stage when the candle again reverses ( that is ) when the High of the candle is higher than the hig of theprevious candle and also higher than the second previous candle.
The same pattern should again be repeated and the trades should continue in this manner.
I would be grateful if someone can help me in developing this E A.
thank you
