Can someone help turn the EIEO method into an EA?
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Hi everyone,
There's a channel on youtube that shows how to trade reversals, sometimes very accurately.
https://www.youtube.com/channel/UCQHOPQErFtfpOkoBm7jleXQ
It's called the Easy In Easy Out method, it's a variation of the Head and Shoulders pattern.Can someone on here please help me turn this into an alert EA?
Condition for long entry:
- Scan for the lowest closing price with a lookback period of 50
- Let's say there's a low with candle ID 15, we need to find the last bullish candle prior to this low. It'll probably be between ID 16 - ID 20.
- A line drawn on top of the high of the bullish candle
- If price closes above this line, alert is activated.
Thanks guys
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Are you sure you want to trade reversals? It's risky and tough!
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@l-andorrà
Yeah I'm aware of the dangers. I thought about putting this on a lower time frame and using it as an exit signal.
Could work
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@ggtrader Hi!
https://fxdreema.com/shared/FE3VNtfH
^This animal uses two loops, first finds the low and second finds the prior high.
Download the .mq4 and then import it to your builder to get the constants and variables set up.
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Thanks Roar couldn't have done it without your help!