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MetaTrader 4

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EA Loc Trade

ea-loc-trade-logo-200x200-1090
500 $375 $

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Information

Experts
MetaTrader 5
Francisco Alexandre Da Cruz Junior
1.0
5

Overview

EA developed to operate at specific price locations on the chart, in relation to a TimeFrame higher than the current one. After defining the direction of positions through locations, the EA seeks to identify candlestick patterns as a trigger to open a position.



The parameters being:

 StartHour=00; //Start hour(operations)

StartMinute=00; //Start minute(Operations);

 FinalHour=17; //End Hour(Operations)

 FinalMinute=00; //End Minutes(Operations)

 CloseHour=18; //Position Closing Hour (open operations)

 CloseMinute=00; //Position Closing Minutes (open operations)

TakeProfit=100.0; //Profit target value

 StopLoss=-100.0; //Loss target value(negative number)

N_GAIN =3; // TakeProfit/StopLoss Ratio

  N_BE = 2; //Number of channels(Channel = Stop value) for Breakeven

BarSize = 150; //Elephant Bar Size in Points (Attention to asset digits)

devPts =10; //Maximum price deviation in points (when executing order)

 Lots =0.01; // Volume

Ratio =0.5; // Candle body/wick ratio

Candle_Wick = 60; // Minimum wick length(For TT and BT)

maPeriodFast = 9; // Fast moving average period

maPeriodSlow = 20; // Slow moving average period

Period_TF_Higher=PERIOD_H1 ; // Higher TimeFrame in price location

  l1 =0.15; // Anchoring Distance when Buying (positive number)

  l2 = -0.15; // Anchoring Distance when Selling (negative number)

  14 = -0.5; // Countertrend distance when Buying (negative number)

 l5 =0.5; // Countertrend distance when Selling (positive number)

Bull180 = true; // Bull180: Buy

 BT = true; // Bottoming Tail: Buy

  BE = true; // Bar Elephant: Buy and Sell

BI = true; // Bar Ignored: Buy and Sell

TTTO = true; // Topping Tail Take Out: Buy

RBTO = true; // Red Bar Take Out: Buy

TT = true; // Topping Tail: Sell

BEAR180 = true; // Bear180: Sell


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