RIP 20 Price Action Rest and Go MT4

? RIP #20  Price Action Rest and Go

myfxbook :

? 1. Trading Signal: RIP #20 Price Action Rest and Go 

This system detects continuous patterns from three consecutive candlesticks, and uses EMA to confirm trend direction:

• Buy Entry: Green → Red → Green candle + closes above EMA → Place Buy 

• Sell Entry: Red → Green → Red candle + closes below EMA → Place Sell 

? 2. Signal Filters for Accuracy

• EMA Trend Filter: Trade in trend direction only (Buy above EMA, Sell below EMA)

• ADX Filter: Skip trades if ADX < 10 (low volatility)

• Spread Control: Avoid high-spread conditions

• EMA Distance Check: No trades when price deviates excessively from EMA

? Core Features of the EA

1. Timeframe Flexibility: Supports M1 to H4 with filter customization

2. Risk Management: Lot size based on capital, Max Drawdown control

3. Adjustable SL & TP: Supports user-defined Risk:Reward ratios (e.g. 1:2, 1:3)

4. Trailing Stop Mechanism: Locks profits as price trends in your favor

5. 24/7 Automation: No need for screen monitoring, great for passive trading

? Recommended Usage

• Platform: MetaTrader 4/5 (MT5 recommended)

• Timeframe: M30, 6 set files available for M1, M5, M15, M30, H1 and H4

• Currency Pair: XAUUSD (Gold vs USD)

• Minimum Capital: $100 (>$1,000 recommended)

• Broker: Reliable with low spread

✅ Strengths & ❗ Limitations

✅ Strengths:

• 70% win rate, Drawdown < 3.2%

• $5,775 profit from $10,000 in 1-year backtest

❗ Limitations:

• This is trend following strategy, which may have drawdown while side-way chart.

⚙️ EA Parameter Summary

Core Strategy

• TimeFrame = 30 Minutes

• EMA_ Period= 310

• Candle1_size_pips=268 

• Candle2_size_pips=34 

• Candle3_size_pips=94 

Signal Filters

• Spread = 50

• ADX_Period = 32

• ADX_Score = 11

• Distance_near_EMA = 13200

• Distance_far_EMA = 180

Risk Management

• Lot_Devided = 200,000

• SL = 1800 pips / TP = 1610 pips

• Trailing Stop = 1140 pips / Step = 100 / Start = 1580

Advanced Options

• On_Recovery = false

• Consecutive_losses = 2

• Recovery_Lot = 2.0

? Example Lot Size Calculations

• Capital $10,000 → 10,000 / 200,000 = 0.05 Lots

• Capital $1,000 → 1,000 / 100,000 = 0.01 Lots

• Capital $100 → 100 / 200,000 = 0.01 Lots (rounded up)

? Precision order execution for high-probability trend—fully automated.