Candle-Stick
20 $
15 $
This Expert Advisor is built to open buy and sell trades based on a combination of candlestick analysis and momentum indicators. It also includes functionality for managing stop loss, take profit, and trailing stops to protect profits as the market moves.
CandleStickAndMomentum_Trading EA, Price action Forex
Key Features
- Dynamic Magic Number: Automatically generates a unique magic number based on the current date and time.
- Adaptive Parameters: Different trading parameters are set based on the trading symbol.
- Trailing Stop: Implements dynamic trailing stops with customizable start and step values.
- Buy and Sell Conditions: Uses candlestick patterns and momentum indicators to determine trade entries.
- Order Management: Automatically closes buy or sell positions when specific conditions are met.
Configuration Parameters
TakeProfit:Defines the take profit level in points.Lots:Sets the lot size for trades.StopLoss:Specifies the stop loss level in points.TrailingStart:Determines when to start trailing stop adjustments.TrailingStep:Sets the incremental steps for trailing stop adjustments.
Logic Highlights
- New Bar Detection: Uses the
NewBar()function to detect the opening of a new bar. - Momentum Scoring: Evaluates momentum based on historical high and low values to make buy or sell decisions.
- Symbol-Specific Settings: Tailors trading parameters for different symbols such as
BTCUSD,AUDUSD_o, and others.
Advanced Functionalities
- Automatic Buy and Sell Execution: Executes trades based on calculated conditions.
- Dynamic Trailing Stop: Continuously updates stop loss levels to lock in profits or reduce risk.
- Comprehensive Order Handling: Includes functions to handle buying, selling, and closing orders effectively.
Usage Notes
- Ensure sufficient margin is available before placing trades.
- Test the EA on a demo account before deploying in live trading environments.
- Customize
TakeProfit,StopLoss, and other parameters based on your trading strategy and market conditions.
| Version | 1.00 |
|---|---|
| Type | Expert Advisor |
| Compatibility | MT4 |
| Trading Hours | All Times |
| Custom Inputs | Lots, Trailing, Stop Loss, Take Profit, ECN |
| Timeframes | M5 and M15 |
| Strategy Type | Scalping,Trend Following |
| Money Management | Lot Size, Stop Loss, Take Profit |
| Supported Pairs | ALL |
| Risk Management | Auto stop at high loss, Trailing Stop |
| Outputs | Automatic Buy/Sell |
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