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  • #257731 |
    Participant
    15 Posts

    Good Evening Guys

    I was wondering if someone was able to help me. I am trying to make my EA on AlgoWizard but I am fairly new with Algowizard and unsure how to complete a few actions. I was hoping someone would be able to assist me. I have attached the following diagram.

    I am wanting to make a EA with the following conditions.

    Buy Conditions

    SMA 20 above SMA 40

    SMA 20 above SMA 80

    It would look for a red candle and if the next candle is green it would look at the next condition

    Bullish engulfing candle appears

     

    A buy order is placed at the highest point of the body on the engulfing candle.

    The stop loss would be the lowest point of the last 2 candles.

    The take profit can be either 2 or 3 times the stop loss.

     

    If someone can help me it would be greatly appreciated.

    #257750
    tomas262
    Administrator
    1826 Posts

    Hello,

    find the example attached. Note the stop price is High + 1 pip. It is used to avoid situations when current price is at exactly at bar high so you would not be able to set the buy stop order

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