HellonigeriaforextradingBrains,
attached is an EA which Viper put a lot of work into it, but sadly no one follow up to make it simpler. Now I wish to revive this fantastic notion (if it's applied the right way).
Below are the defects in this EA:
- the most significant and the dangerous defect is that the Death commerce ( where the EA opens a lot of places which will lead to margin call)
- the 2nd defect is from the order positioning logic: sometimes the EA does not place orders which can lead to imbalance and create big losses.
When we can make this EA operate only if the proper criteria is present, it will make difference( prevent the death trade), what I am suggesting is the following:
- that the EA will operate only if a candle pattern is current (pinbar or failure bar), the candle pattern will be defined with the candle dimensions as well as also an indior(attached): ie that the EA will operate only if a pinbar is current and the candle dimensions is gt; 20 pips.
Usual after large pinbar the price tend to go in 1 way for sometime and this is the concept behind using this candle pattern to prevent the ranging mess which will end up in a death trade.Attachment 1547064
- the Ea will place impending buys on the high and impending sells on the reduced.
- the increment will probably be high[1]-low[1]
if any coder have enough opportunity to do this, it will be great for everyone in FF.
Please let me know if you have any question or need more clarifiion.
https://www.nigeriaforextrading.com/...771468018108.6
https://www.nigeriaforextrading.com/...157-ma-ea.html
https://www.nigeriaforextrading.com/...718930987577.6