FXCodeBase.COM: Forex Chart Indicators and Development

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Development reference 1819.

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Thank you Sir

hi,
i expect if modify this strategies with scalping purpose,
if anyone did earlier or tried this would great help and appreciated
** attached pic. for easy understanding (it show standard buy and sell indication on Engulfing Stg.)

Modification expected ,
1 -manually adjusted time delay (0-20 second) before execute order
** for example , time delay set for 5 second, now new candle started and Engulfing BUY signal created it wait for 5 second before execute buy order, within 5 second if signal disappears than order doesn't execute. and time delay reset, (same or new candle) again Engulfing BUY signal generated than 5 second delay starts before execute BUY order. same on SELL signal

** Means when candle starts and Engulfing arrow(signal) generated, it auto execute Order(Buy/sell as per Eng Signal ) but delay as per adjusted time, if Engulfing arrow(Signal) disappear within that delay time than order doesn't execute and wait till second time Engulfing Signal (buy / sell) either new candle or same candle, every time Engulfing signal generated ,before execute order, it should respect manually adjusted time delay (0-20 seconds)

2 ) default profit 8 pips & stop loss 3 pips ( adjustable )- what ever reach first trade must close
3) # of open Trade
** one at a time either buy or sell, no execution of second trade till first closed,
4) trade direction selection - options (dialog box selector)
(op-1)
Both side (filter with )- if candle ABOVE 9 EMA/MVA only generate BUY order
if candle BELLOW 9 EMA/MVA only generate SELL order
(op-2 ) Buy ONlY - auto execute only engulfing BUY signal if candle ABOVE 9 EMA/MVA only
(OP-3 ) SELL only - auto execute only engulfing SELL signal if candle BELLOW 9 EMA/MVA only

5) ** OPTIONAL ** only if its logical to add it will be more conservative in auto execute order

its about Extra filter Stochastic with (ON/OFF - selector)
with ON (condition ) - if Stochastic > 80 + EMA/TMA/MVA bellow 9 + Engulfing sell signal
if Stochastic <20+ EMA/TMA/MVA above 9 + Engulfing buy signal
with OFF - Stochastic will not consider

Your request is added to the development list.
Development reference 1919.

Apprentice wrote:Your request is added to the development list.
Development reference 1919.

thank you ,
Appreciated

Try this version.

Dear All

Is it possible to add the following option to this strategy?

If long, place stop loss at the low of the engulfing candlestick
If short, place stop loss at the high of the engulfing candlestick

Thank you