Hi Team,
I am happy to find the indicator. Thank you so much. I am in MT4 platform user so is it possible to add an Extreme_Spike_martingale_EA for MQ4? Many blessings
Moderator: admin
Apprentice wrote:Extreme_Spike_martingale_EA added.
https://fxcodebase.com/code/viewtopic.p ... 45#p122745
Apprentice wrote:
Apprentice wrote:Multi Timeframe?
To be able to select higher time frames?
Apprentice wrote:Your request is added to the development list.
Development reference 573.
Sumone wrote:Apprentice wrote:Your request is added to the development list.
Development reference 573.
Hi Apprentice,
Here is the observation I made with extreme spike, and for better accuracy to enter and exit trades and moreover when not to take trades I added Hiekn Ashi time frame and then follow the CCI+Fast Stochastics whichever signals last to enter and exit the trade. Here is the layman's Logic. If it is possible to make it in an EA, that would be great
#######LOGIC#####
sell side 1 min:
When the #MTF Heiken_Ashi M1 color is red it will only take sell-side trades on extreme spike indicator Major TOP Red spike (CCI has to below +100 and fast stochastics green line below 80 marks whichever comes last) with stop loss above the Major top. If the #MTF Heiken_Ashi M1 color is still red, but the extreme spike indicator signals Major blue bottom the EA will close the trade and wait for the sell-side trade with the same above condition.
The EA will not engage in any buy trade while the #MTF Heiken_Ashi M1 color is red. Only close at extreme spike indicator signals Major blue bottom and enter sell-side trades on extreme spike indicator, Major TOP Red.
Sometimes the extreme spike indicator changes into blue color, signaling major bottom after a few minutes of minor trade signal. So in this case the EA will close the sell-side trade whenever the extreme spike indicator changes into blue. This feature will protect the profit of the sell-side trade.
EA WILL NOT TO TRADE:
When the CCI doesn't come down from the above +100 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision. ( see choppy trade screenshot)
When the fast stochastic (GREEN LINE) doesn't come down from the above +80 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision. (see choppy trade screenshot)
Buy Side 1 min:
When the #MTF Heiken_Ashi M1 color is blue it will only take buy-side trades on extreme spike indicator Major BOTTOM Blue spike (CCI has to above -100 and fast stochastics green line above 20 marks whichever comes last) with stop loss below the Major bottom. If the #MTF Heiken_Ashi M1 color is still blue, but the extreme spike indicator signals Major Red top the EA will close the trade and wait for the buy-side trade with the same above condition.
The EA will not take any sell trade while the #MTF Heiken_Ashi M1 color is blue. Only close at extreme spike indicator signals Major Red Top and enter buy-side trades on extreme spike indicator, Major Bottom Blue.
Sometimes the extreme spike indicator changes into red color, signaling major bottom after a few minutes of minor trade signal. So in this case the EA will close the buy-side trade whenever the extreme spike indicator changes into the blue to protect the profit. This feature will protect the profit of the buy-side trade.
EA WILL NOT TRADE:
When the CCI doesn't come up from below the -100 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision.
When the fast stochastic doesn't come UP (GREEN LINE) from below 20 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision.
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