Simple_Three_Inside_Pattern_EA - MetaTrader 5 Expert

A simple EA transaction only trades when the price changes to form a "three-from-within" pattern. There are two patterns.

1. “Three from within” (Figure 1):
This is a three candle pattern where the first candle is a long bearish candle, the second is a small bullish candle that trades inside the first candle, and the third is a long bullish candle that closes above the high of the first candle.

2. Under "Inner Three" (Figure 2):

This is a pattern consisting of three candles, where the first candle is a long bullish candle, the second candle is a small bearish candle that trades inside the first candle, and the third candle is a long bearish candle that closes below the low of the first candle.

During the trading period, the Expert Advisor can only open one long or one short position.

Volatility filter based on 3 ATRs: fast ATR, intermediate ATR and slow ATR

It is a zigzag that creates new zigzag turning points based on the passage of a volatility threshold

The Opening Range Breakout (ORB) indicator is a powerful technical analysis tool that identifies and tracks price breakouts from the opening range of a trading session. This indicator is based on the concept that high and low prices established within the first minute of a trading session often act as important support and resistance levels for the remainder of the day. The indicator automatically calculates opening ranges based on user-defined time periods, plots multiple price targets, and provides visual and audio alerts for potential trading opportunities. It is designed to help traders identify high-probability breakout trades and retest scenarios.

EA tool margin theoretical lot size, có thể tùy chỉnh đòn bẩy

Attachment download

📎 simple_three_inside_pattern_ea.mq5 (16.55 KB)

Source: MQL5 #49448