Closed

EA retracement

I d like you to concider to make an EA on this strategy. Will supplay detail description of the progect.

THE METHOD

1. 50 MA angling up/down and %K < 20/>80 on the setup chart. (setup)

2. REASONS TO STAY OUT on setup chart (filters)

�� 3rd trend retracement in trend or extended move

�� A huge impulse move in direction of trend before the retrace

�� Vertical retracement: take the second trigger

�� KAMIKAZE: HH/LL Reversal Pattern

�� Right before economic news.

�� The 50 MA is flat.

3. CONFIRMATION on LT chart (confirmation)

�� %D and/or %K angling in direction of the trade. Look for %K topping/bottoming patterns.

4. ENTER on the ST chart: (triggers)

�� Topping/bottoming pattern on %K and/or hook on %D and %K. Look for mini-divergence.

5. EXIT (money management):

�� Exit 1 = Before first S/R at cycle high/low (close to 1:1 risk/reward)

�� Exit 2 = Exit at second S/R on ST chart (close to 2:1 risk/reward).

�� Exit 3 = Trail on other side of last swing H/L until LT chart's Cycle Indicator (%D hook, or %K reversing pattern) begins to reverse. Then exit on a reversal of the ST chart's Cycle Indicator (1 tick beyond the bar that creates the hook).

Skills: Metatrader

See more: topping, retracement, strategy pattern, pattern strategy, trend , patterns, hh, ea, ea indicator, beyond the, retrace indicator, vertical news, risk management chart, trade bar, risk management strategy, chart patterns, news indicator, swing strategy, swing low strategy, bar reversal, metatrader low indicator, bar trade, tick chart strategy, reverse trade metatrader, indicator trend

About the Employer:
( 6 reviews ) Bromley, United Kingdom

Project ID: #554508

2 freelancers are bidding on average $175 for this job

matharpa

I am expert in making EA and CI. Check PM for details.

$125 USD in 1 day
(137 Reviews)
6.3
Rafaell

Please give more details. Have you any indicators or script for "REASONS TO STAY OUT". Thanks

$225 USD in 10 days
(0 Reviews)
0.0