Tanaka would you like to code a strategy I post a long time ago? I did ask reteid2222 but she is really busy and do not have time to finalize the EA... also the EA is not in the parameters that the strategy should work in
Please take a look:
Thank you in advance:
Settings on chart:
MA high 5 red
MA low 5 yellow
Bollinger bands:
timer: 20
deviation : 2.000
apply : close
color : Blue
Early signs:
Sell setup: MA 5 high (red)
we must see if the MA 5high (red) line push outside top BB line
if that happen we can be ready for our sell set up..not ready for order yet
Early signs:
Buy setup: MA 5 low (yellow)
we must see if the MA 5 low (yellow) line push outside lowest BB line
if that happen we can be ready for our buy set up..not ready for order yet
Market are always tricky, sometimes those MA 5(high/low) are not going outside but the set up still valid.?( maybe good indicator to help with entries.. coder discretion)
Sell setup order: go to smaller time frame M5
after MA 5 high going outside top BB line then we need to wait for 1st bear candle to form then we need a bull candle to test again at highest level(resistance) before price to start reverse..
Entry is when the price start to retest or trying to go higher..so we put sell order at the nearest resistance level..
Buy set up order..
after MA 5 low(yellow) going pushing outside bottom BB line then we need to wait for a bull candle to form and then again wait for bear candle to retest lowest support level and place out buy order
I will add some of examples so you can understand
Target placement..
Usually if the set up come from a lower Tf like M5 to M30 target will be around 20 to 30 pips
If the TF is higher like 4hour to Monthly the target will be bigger 100pips plus depending on the pair
This is in a nutshell what I want please.. Also I do not have vast knowledge of the forex market and will greatly appreciate if you can add an indicator or such tools
Thank you in advance for your help!!!
Attached Files: