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Building an Ea for Nijatrader and MT4/mt5, that plays on reversals.

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Roland fouda

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vor 2 Monaten #285189

Hi everyone, could someone figure out what im talking about?

 

we’re on a daily timeframe, and I want a max lookback of 2 weeks. Preferrably previous day or days in current week.  Current day high/low sweeps one of the previous days’ high/lows and trades 69 pips into it. I wish to enter with either limit order or market order at this 71 pips(2pips later) for a reversal trade. A kind of daily breakout-fakeout. money management is quite simple,2% with 30 pips SL and 92pips TP. If first position hits SL, look if other previous days had higher highs/lows. If yes wait for a 69 pips raid into these highs or lows and place a limit or market at 71pips(2 pips later)with the same RR. If we are at the highest/lowest point after 2 weeks  lookback then, after SL hit 71 pips later reentry with same parameters. there can be only 1 tp hit per day but up to 3 SLs hit per day. we can add a filter like; raided or swept highs/lows even if less than 71 pips are considered useless not fresh. Is omeone able to help? thanks

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