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Forums>EA Wizard>General Discussion>Reversal Candle Trade Enter

  • #196953 |
    Participant
    2 Posts

    Hi guys:

    I need to enter a parameter and I don’t know how to do it. I need the trade to enter when the previous candle was in the opposite direction of the one that close last.

    Ex:
    Enter a buy- when previous bearish candle [2]closed and a new bullish candle[1] closed next.

    Or

    Enter sell- when previous bullish candle [2] closed and new bearish candle [1] closed next.

    I need this ASAP if anyone can help me. Thanks

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    #197035
    Administrator
    347 Posts

    Hello Christina,

    it can be done easily using shift parameter and price values (open, close) reference. See the example attached

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    #197070
    Participant
    2 Posts

    Thank you, the other thing I’m struggling with is that the strategy is opening more than one trade per candle. Is there a way to limit only one entry per condition met in that candle? Let me know. Thanks

    #197118
    Administrator
    347 Posts

    Hello,

    if you check “Evaluate rule on bar open only ..” it will place a trade only once a bar closes. This is one way to make sure you enter only once per bar

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