Hi all,
Attached is a screenshot of what I am looking at to develop EA using professional bars. I am also attaching the indicator used for this simple trade setup.
Rules are:
Entry:
1) when close is 3-5 pips (user defined) above or below the high / low of the Blue bar and in line with the SAR (0.02,0.1)
Exit:
1) TP of whatever user defines or
2) SL of whatever user defines or
3) SAR reverses or
4) close is 5 pips below the blue bar we entered
Note: If once we enter there is another blue bar before our exit we need to ensure no bar closes 5 pips below (if we are long) or above (if we are short) it. We would then exit and wait for entry rules to trigger trade. For now we can ignore sessions for entry but should be coded (I see this one working more efficiently during UK and US sessions).
Any questions let me know. Thanks for help.
EA using Professional Entry Bars setup
Place your new trading idea here to see if someone can automate it.
-
forexripper
- Trader
- Posts: 133
- Joined: Fri Apr 13, 2012 6:11 pm
EA using Professional Entry Bars setup
Post by forexripper »
You do not have the required permissions to view the files attached to this post.
Return to “Ideas for Possible Automation”
Jump to
- Welcome
- Board admin messages
- Afterprime
- Funding our Forum. Tommaso needs our help.
- TDesk: A Thomas Special. The greatest trading tool ever.
- Automated trading systems
- ↳ Archived EA's
- ↳ EA's for Dummies.
- ↳ The demo/live money EA results forum
- ↳ Automated Loss Recovery
- ↳ Thingy Bob EA's
- ↳ Pipcruiser's Pipmasher forum
- ↳ Peaky forum
- ↳ Super Slope EA's
- ↳ Coordinated EA Testing Forum
- ↳ Moving Day
- ↳ Trendy Moving Day Adapted
- ↳ Trendy Monster Moving Day
- ↳ The Paycheck Project
- Manual trading systems
- ↳ Captain Jack's forum
- Utilities Indicators and Scripts
- ↳ Indicators
- ↳ Utilities
- ↳ Scripts
- Rene's stuff
- ↳ Auto-trading EA's and EA monitors
- ↳ Chart/template copying and history loading
- ↳ Clocks and calendars
- ↳ Data analysis tools
- ↳ Indicators and matrixes
- Nanningbob's Holy Grail Indicator forum
- ↳ Nanningbob 10.x
- ↳ Bob's individual forum
- ↳ Manual 10.x trading
- ↳ 10.x EA forum
- ↳ 10.x Indi forum
- ↳ 10.7 Auto Traders Forum
- BALUDA'S SUPER CSS-2.0. THE SIMPLEST TRADING SYSTEM EVER
- MQ5 Nuggets for the Dauntless
- Alternatives to Global Prime
- Coders Hangout
- ↳ Ideas for Possible Automation
- ↳ Coding Lessons - info for all
- Alternative platforms
- ↳ cTrader and cAlgo
- ↳ General discussion
- ↳ Indicators
- ↳ Robots
- ↳ JForex
- ↳ LMAX
- ↳ Tradable
- ↳ Protrader
- Know your MT4 platform
- General Forex Discussion
- ↳ Trading journals
- ↳ Finding a new platform
- ↳ Scam broker forum
- Trading Psychology & Money Management
- Macroeconomics and the Forex markets
- Newbie Discussion
- ↳ Automated trading (Rookies)
- ↳ General Discussion (Rookies)
- Lounge
- Commercial wares
- ↳ Beta testing groups
- ↳ Commercial stuff recommended by forum members
- ↳ Members' business to business
- ↳ Commercial EA's and Indi's etc
- ↳ VPS promotions
- ↳ INFINITE WEALTH