ContReverse

Every time price reverses and reaches level defined in settings EA opens trade.

Trade stays open till hits either Take Profit (TP) or stop loss.

Picture description,

1. At trading time open EA starts to wait for price reverse.

[url removed, login to view] price moves up and reaches, let say, 10 pips (defined in settings) - enter Buy.

See picture - red lines - highs or lows where price reverses.

#1 on pic. - price reached 10 pips from low. Enter Buy. (blue line). Next blue line price hit profit target defined in settings (let say 10 pips). Buy closed.

After that EA waits for the price to retrace for another 10pips.

#2 - white line Sell open. Price moved down and before reaching profit target (PT) price retraced moving up. Reached 10 pips.

#3 Buy opened - blue line. So now we have 1 sell and 1 buy opened.

Price reverses again and hits stop loss (SL) for Buy

and reaches 10 pips for another Sell to open - #4 white line

Price continues down and #2 sell hits PT.

so now we have #4 sell opened.

Price reverses, reaches 10 pips. #5 Buy open. Price reverses again.

#6 Sell opens, #5 Buy hits SL.

Price continues down and #4 and #6 Sells closed

EA waits for price reverse.

#7 Buy opens and closes at TP

Price reverses - #8 Sell open and close at TP.

If there was a lost trade then next one have to be open with higher amount of lots.

Settings

Initial lot

Additional lots

trading time

take profit

stop loss

Metatrader

Nº del proyecto: #7871572

Sobre el proyecto