Smart Money EA

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Smart Money EA

Postby CharlesEzenwanne » Thu Oct 17, 2019 3:42 am

Hello I want an EA that trades the strategy stated in this video. I want it to make entries on the 15min, everything should be clear cut in the video. I have dropped the link below. Thanks so much!!!


https://youtu.be/E-HRjjWQk6M
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Re: Smart Money EA

Postby Apprentice » Thu Oct 17, 2019 3:26 pm

Your request is added to the development list.
Development reference 209.
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Re: Smart Money EA

Postby Apprentice » Sun Oct 20, 2019 3:03 am

The video contains only general idea "buy/sell on-trend reverse" and no formulae.

Can you provide entry rules.
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Re: Smart Money EA

Postby CharlesEzenwanne » Sun Oct 20, 2019 5:10 am

Entry Rules:

1. On 4 hour identify the most recent contractaction zones. This is extreme choppiness in the market. Draw a Line through it which is what is called the average price
2. Look for the breakout ( When it breaks out of the contraction zones and settles above or below the average price)

Entry:

If the breakout settles short of our average price on the 4 hour:
On 15min time frame if the breakout is above the contraction zone is a SELL ENTRY

If the breakout settles long our average price on the 4 hour
On 15min time frame if the breakout is below the contraction zone is a LONG ENTRY


Hope this helps and if it is possible due to lack of technicality. Thank you !!
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Re: Smart Money EA

Postby Apprentice » Tue Nov 12, 2019 2:43 pm

t's unclear how to calculate "contractaction zones/extreme choppiness"
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