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Thread: Falcon Reversal EA

  1. #1
    Junior Member
    Join Date
    Jun 2009
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    23

    Default Falcon Reversal EA

    Hi Funyoo, Greetings.

    Would you be so kind to make an EA base on the strategy listed below?
    Credit should go to TRO for the idea of this strategy.



    Long Entry

    The opportunity is price has to be within 20 pips of the daily low for the reversal.


    1.First candle closes RED.
    2.Second candle closes GREEN. (note the high price of the green candle)
    3.Third candle ( current ) enter long at the green candle's high price.

    Short Entry

    The opportunity is price has to be within 20 pips of the daily high for the reversal.


    1.First candle closes GREEN.
    2.Second candle close RED. (note the low price of the red candle)
    3.Third candle ( current ) enter short at the red candle's low price.

    Stop loss is 10 pips, breakeven after 5 pips and take profit 20 pips.
    ECN and 5 digit broker.
    Trade time between 3.00am EST and 2.00pm EST.

    Thank you for your time and cooperation.
    Best regards
    traderjane
    Last edited by traderjane; 09-02-2010 at 22:28.

  2. #2
    Junior Member
    Join Date
    Apr 2009
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    18

    Default

    Well done!

    Like my request:

    TRO rat zone

  3. #3
    Administrator funyoo's Avatar
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    7,003

    Default

    Quote Originally Posted by traderjane View Post
    Hi Funyoo, Greetings.

    Would you be so kind to make an EA base on the strategy listed below?
    Credit should go to TRO for the idea of this strategy.



    Long Entry

    The opportunity is price has to be within 20 pips of the daily low for the reversal.


    1.First candle closes RED.
    2.Second candle closes GREEN. (note the high price of the green candle)
    3.Third candle ( current ) enter long at the green candle's high price.

    Short Entry

    The opportunity is price has to be within 20 pips of the daily high for the reversal.


    1.First candle closes GREEN.
    2.Second candle close RED. (note the low price of the red candle)
    3.Third candle ( current ) enter short at the red candle's low price.

    Stop loss is 10 pips, breakeven after 5 pips and take profit 20 pips.
    ECN and 5 digit broker.
    Trade time between 3.00am EST and 2.00pm EST.

    Thank you for your time and cooperation.
    Best regards
    traderjane
    Hi traderjane,

    See here : TRO Rat Zone EA.

  4. #4
    Junior Member
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    Jun 2009
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    Default

    Quote Originally Posted by funyoo View Post
    Hi traderjane,

    See here : TRO Rat Zone EA.
    Thanks funyoo, I'll check it out.

  5. #5
    Junior Member
    Join Date
    Jun 2009
    Posts
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    Default

    Quote Originally Posted by funyoo View Post
    Hi traderjane,

    See here : TRO Rat Zone EA.
    Hi Funyoo, Greetings.

    Thanks for coding EA.
    I have a request to make this ea works better with two indicators.
    Please, when you have some time, can you make the change? Will appreciate very much.

    Instead of trading from the high/low reversal, take the trade when the attached indicators are in the same directions.
    Hope I explain okay.

    Best regards,
    traderjane.
    Attached Files Attached Files

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