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Smart Money EA
Posted:
Thu Oct 17, 2019 3:42 amby CharlesEzenwanne
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
Re: Smart Money EA
Posted:
Thu Oct 17, 2019 3:26 pmby Apprentice
Your request is added to the development list.
Development reference 209.
Re: Smart Money EA
Posted:
Sun Oct 20, 2019 3:03 amby Apprentice
The video contains only general idea "buy/sell on-trend reverse" and no formulae.
Can you provide entry rules.
Re: Smart Money EA
Posted:
Sun Oct 20, 2019 5:10 amby CharlesEzenwanne
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 !!
Re: Smart Money EA
Posted:
Tue Nov 12, 2019 2:43 pmby Apprentice
It's unclear how to calculate "contractaction zones/extreme choppiness"