In Progress

code my strategy as an expert advisor for mt4

EA to work on GOLD M15.

The indicator kpivot is the red line this updates twice a day.

A buy trade is placed when silver trend signal produces a blue ball after the close and winmaxpips produces a green arrow. When both signals occur at the same time AND the candle closes above the kpivot (red line)

A sell trade is placed when silver trend signal produces a pink ball after the close and winmaxpips produces a red arrow. When both signals occur at the same time AND the candle closes below the kpivot (red line)

Close buy trades out early if a red arrow and pink ball occur at the same time above the red line (kpivot) after entering a buy trade.

Close sell trades out early if a green arrow and blue ball occur at the same time below the red line (kpivot) after entering a sell trade.

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IMORTANT

If after entering a sell trade winmaxpips changes from red to green to red to green close the trade.

If after entering a buy trade winmaxpips changes from green to red to green to red close the trade

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Stop loss

Measure the distance between entry and the red line and multiply it by 2. That is where the stop loss should go.

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Risk management

Stop loss should be a measurement of equity risk for the trade. The amount in pips to be lost should be multiplied by the lot size to = 5% of the account.

Make the figure 5% changeable to any number.

Skills: Metatrader

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Hello. My name is Peter. I'm professional IT engineer. I've been working on Forex for the last 7 years. I'm very well familiar with MT platform and MQL, can provide you with codes which were written by me. I read th More

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