Want to earn in the Market? The EA will not trade every day, it can go several days without making a trade forex pullback system making 3 – 4 trades on other days. This EA has been available for free on another website since 2010.
It has undergone a few updates attempting to obtain more profit while limiting drawdown. I’m making it available here to get it to a wider audience. The spread used for the test on a 5-digit broker was 1. Apply Constant Range Bar EA to a 1min chart. MA_adaptive_rsi nrp shows us the trend.
Only take signals in agreement with the trend. MT4-StochasticRSI gives us the timing for entry and exit. A green arrow will be given on the close of this bar. Immediately enter on the open of the next bar.
A red arrow will be given on the close of this bar. If after entering, the trade goes nowhere for a few bars, just exit. It is not part of the arrow calculation. I have it there to potentially filter bad signals or to help with exits.
There is a New Candle Alarm indicator to tell you when a new candle is starting. While you are in a trade, it is advised not to shut down and restart the Metatrader 4 platform. The arrows do not repaint live, however if you restart the platform, recalculation using historical data can very slightly change the results and thus in a rare occurrence an arrow can appear or disappear. My only problem is I can’t get the M2 chart offline as it appears no where in the list of offline charts. In my view a new trend is when the 20 SMA XOVER the 100 SMA . Pullback is only valid after my trend xover is printed.
In my view pullback is when the price retest the KC and or the 8 STOCH fall below the 50 level from above for buy signals setting up. Trigger:You need to find the best point to enter after the pullback. Any idea can be changed ,so your own inputs are ok here. 34,3,3 and stochastic indicator with period 8,3,3 are above the 50 level.
Wait for price to pullback to retest KC and stochastic indicator with period 8,3,3 to fall below the 50 level. After the setting up what is the best trigger to enter the trade? Where can we place our stoploss and take profits? Oil printed all the sell signals to enter short. Where would you plce your stoploss and take profits? Buy set up trigger a buy market order when price closes above last bar that pullback to retest KC . There’s a EA called FX Blue Trading Simulator MT4, allowing you to trade like Live.