Above/Below TMA - Opposite Heikanashi Candle - Open Order
Hello All
So like explained on the Telegram, here is the idea which I already have coded in a EA (paid for a coder)
Buy Condition: 1) Candle close breaking below lower TMA Band 2) Now EA will wait for first green heiken Ashi candle 3) As soon as green heiken Ashi occurs. 4) EA will open buy trade with X points SL and X2 Points TP 5) EA will have closeonOposite true/false option, if true then it will close buy trade on first Red heiken ashi candle 6) It has trailing option as well with trail start input, trail first move , trail next step and trail next stop inputs Sell Conditions are vice versa Note: You need to input TP/SL / Trailing points which your broker allows , should not be too small which your broker does not allow
If multiple opposite candles above or below TMA opens another order.
Still got problems when there is a long downtrend/longtrend with multiple fake reversals, Heikanashi filters out but still not enough or causing to lose too many trades in the process, balanced cannot be found, stretching TMA too much is the same issue. Users in Telegram suggested Renko Candles, still verifying that one, but I guess Andrey can do better than me and my Fiverr Developer.
Attached is everything you need:
The working EA: June_EA_TMA_v2.zip
The necessary Indicator: TmaTrue.ex4 (The EA will look for this in the indicator folder)
And to download directly on MT4 the indicator in the picture here:
Is free but has to be in the market folder and is the one used by the EA as allows for more sensitivity costumization to apply it to different charts.
Let me know what you guys think and what can be done.
TMA as base indicator for MA filters - done in 2.23!