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Candlestick models for GBP/JPY for 9 years EA
This is An Expert Advisor uses the Candlestick Models for trading: Blending Candlesticks (Engulfing) and Hammer(inverted Hammer)/Shooting Star models
It has been tested at GBP/JPY, M15.
and has tested in two time frame i think this will support for all other time frame also...
for_max_v2.mq4 5.78 kb, 90 downloads since 2014-10-12
Kimiv.mqh 169.77 kb, 69 downloads since 2014-10-12
Kimiv.mqh 169.77 kb, 69 downloads since 2014-10-12
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About the Candlestick models for GBP/JPY - Max_v2 EA
https://mt4talk.com/viewtopic.php?pid=2054#p2054
For_Max_v2 EA uses market patterns to decide the best moments to enter trades.
How this EA works
For_Max_v2 operates by analyzing price extremes over a set number of bars (Max_Search) to identify potential entry points for buy or sell orders. It uses three types of magic numbers (MagicType1, MagicType2, MagicType3) to manage different trade strategies. It sets orders (buy or sell) with specific profit targets (bTp and sTp) and a safety distance (zazor) from the high or low of previous bars. The EA also includes a lifespan for pending orders (OrderExp) and a starting lot size (StartLot).
Setting it up on MT4:
Download the 'for_max_v2.mq4' file.
Open your MT4 platform and click on 'File' > 'Open Data Folder'.
Navigate to 'MQL4' > 'Experts' and paste the file here.
Restart MT4, and you'll find For_Max_v2 under the 'Expert Advisors' section.
Drag it onto a chart to activate it.
Adjustable Parameters:
bTp (Buy Trade Profit): Profit target for buy trades.
sTp (Sell Trade Profit): Profit target for sell trades.
zazor: Distance from the high/low of previous bars for order placement.
Max_Search: Number of bars to analyze for price extremes.
OrderExp: Lifespan of pending orders in hours.
MagicType1, MagicType2, MagicType3: Unique identifiers for different trade strategies.
StartLot: Initial lot size for trades.
Settings Suggestions:
Currency Pair: EUR/USD
Timeframe: 1-hour (H1)
Minimal Balance: $1000
bTp and sTp: 100
zazor: 1
Max_Search: 100
OrderExp: 8
MagicType1, MagicType2, MagicType3: 11111, 22222, 33333
StartLot: 0.1
Strategy Explained:
Focus on EUR/USD as it's typically less volatile.
Use a 1-hour timeframe to balance between short-term movements and longer trends.
Set both profit targets (bTp and sTp) to 100, ensuring a balanced approach to both buying and selling.
A zazor of 1 maintains a safe distance from extreme price movements.
The Max_Search parameter at 100 optimizes the EA for recognizing significant price patterns.
Keep pending orders active for 8 hours (OrderExp) to avoid missing opportunities.
For_Max_v2 EA is a dynamic trading tool designed for the modern Forex trader. Set it up, customize your strategy, and watch it work for you.
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