Price Action Trader EA | Forex indicator download- MT4/MT5 resources
Price action trading EA - as the name suggests, does not care about anything (including indicators, news, etc.) and only relies on price action.
Initial input: User-configured buy order with fixed lot size
Subsequent entries: Will recurse on price action in the buy/sell direction based on market direction
Some input parameters explained:
External double FixLot = 0.01; // Lot size of your choice External int GVari_96 = 111; // Magic number
extern int GVari_92 = 200;//Order spacing 20pips
External double security=450; // Set sl security after 45pips
extern double modprice=300;// safe 30pips set it to protective SL
extern doubledollar=5;//Profit target to close all orders and start over
Brief work summary:
It initially opens a buy order of 0.01 lots and then enters 20 pips based on the pip interval. It will recursively accept orders in the same direction or the opposite direction depending on the price movement. As the saying goes, if the free fall is 200 pips, you can expect 20 pips x 10 sell orders to appear in the direction of the market...
Additionally, I have other parameters such as Safety SL and Basket USD - if any order exceeds 45 pips, Safety SL will ensure safety (it ensures 30 pips and Basket USD will continue to liquidate all open trades if a certain total profit is reached).
Example: Let's say you attach an ea to GBPUSD at 1.4328 (high of the day)
Initial order 0.01 Buy 1.4328
Next order 0.01 sell 1.4308
.01 Sell 1.4298
.01 Sell 1.4278 and so on... Just after the price action, some orders will ensure a stop loss depending on the setting, or it will clear all open trades when the desired USD profit is reached
I'm willing to provide any feedback and customization needed to make it an effective tool to use in such volatile market conditions...
scooby doo
Initial input: User-configured buy order with fixed lot size
Subsequent entries: Will recurse on price action in the buy/sell direction based on market direction
Some input parameters explained:
External double FixLot = 0.01; // Lot size of your choice External int GVari_96 = 111; // Magic number
extern int GVari_92 = 200;//Order spacing 20pips
External double security=450; // Set sl security after 45pips
extern double modprice=300;// safe 30pips set it to protective SL
extern doubledollar=5;//Profit target to close all orders and start over
Brief work summary:
It initially opens a buy order of 0.01 lots and then enters 20 pips based on the pip interval. It will recursively accept orders in the same direction or the opposite direction depending on the price movement. As the saying goes, if the free fall is 200 pips, you can expect 20 pips x 10 sell orders to appear in the direction of the market...
Additionally, I have other parameters such as Safety SL and Basket USD - if any order exceeds 45 pips, Safety SL will ensure safety (it ensures 30 pips and Basket USD will continue to liquidate all open trades if a certain total profit is reached).
Example: Let's say you attach an ea to GBPUSD at 1.4328 (high of the day)
Initial order 0.01 Buy 1.4328
Next order 0.01 sell 1.4308
.01 Sell 1.4298
.01 Sell 1.4278 and so on... Just after the price action, some orders will ensure a stop loss depending on the setting, or it will clear all open trades when the desired USD profit is reached
I'm willing to provide any feedback and customization needed to make it an effective tool to use in such volatile market conditions...
scooby doo
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