Les Lau
Fun Poster
- Messages
- 339
- Joined
- Jul 4, 2011
- Messages
- 339
- Reaction score
- 5
- Points
- 20
Salam,
Just wonder if anybody can help to code an EA..
This method is based on Support Resistant(semi auto-trading):
1) we pinpoint an 'important' SR, and draw a horizontal line on chart
(say green color line as Support, or red color line as Resistant)
2) When price hit this line (go beyond max. 'x' pips), then bounce back 'y' pips, EA will open a trade.
Eg. first we draw a support line(green) @1.2000,
price hit this line & drop to @1.1997 (3 pips below/beyond support line)
then bounce up (say @5 pips), will trigger EA
Buy position@ 1.2002 ,
SL, TP & Lot size are Preset.
*For resistance line is opposite, price move up hitting red line(max. allowed 'x' pips above line), if price drop 'y' pips will trigger sell.
The parameters(adjustable):
1) support line color: green (manually drawn)
2) resistant line color: red (manually drawn)
3) lot size: 2.0
4) TP: 30
5) max pips (allowed) to move beyond the support/ resistance line: 6.0
6) 'rejected' pips for opening a new position: 5.0
7) SL: 7.0
*EA will trade only 1 time for each support/ resistance line hit.
I forsee this EA will help us a lot in trading.
For this strategy our job is just to pinpoint 'crucial lines' in the chart, plus draw them.
The EA will then take care the rest..
We can discuss more(or i can share on) how to effectively using this EA..
Just wonder if anybody can help to code an EA..
This method is based on Support Resistant(semi auto-trading):
1) we pinpoint an 'important' SR, and draw a horizontal line on chart
(say green color line as Support, or red color line as Resistant)
2) When price hit this line (go beyond max. 'x' pips), then bounce back 'y' pips, EA will open a trade.
Eg. first we draw a support line(green) @1.2000,
price hit this line & drop to @1.1997 (3 pips below/beyond support line)
then bounce up (say @5 pips), will trigger EA
Buy position@ 1.2002 ,
SL, TP & Lot size are Preset.
*For resistance line is opposite, price move up hitting red line(max. allowed 'x' pips above line), if price drop 'y' pips will trigger sell.
The parameters(adjustable):
1) support line color: green (manually drawn)
2) resistant line color: red (manually drawn)
3) lot size: 2.0
4) TP: 30
5) max pips (allowed) to move beyond the support/ resistance line: 6.0
6) 'rejected' pips for opening a new position: 5.0
7) SL: 7.0
*EA will trade only 1 time for each support/ resistance line hit.
I forsee this EA will help us a lot in trading.
For this strategy our job is just to pinpoint 'crucial lines' in the chart, plus draw them.
The EA will then take care the rest..
We can discuss more(or i can share on) how to effectively using this EA..
