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| EA using Professional Entry Bars setup https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=495 |
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| Author: | forexripper [ Thu Apr 19, 2012 2:30 pm ] |
| Post subject: | EA using Professional Entry Bars setup |
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. |
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