EA Order Block
This ES development to work on XAUUSD, XAUEUR respectively, works with accurate indicators for accurate entries, designed for both MT4 .
This EA combines several technical indicators to generate trading signals, with additional options for risk management and customization.
Estrategia:
Indicators used:
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RSI (Relative Strength Index)
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Bollinger Bands
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MACD (Moving Average Convergence Divergence)
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Pivot Points
Risk low:
Risk management:
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Calculates lot size based on a risk percentage of the account balance.
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Allows setting manual or automatic Stop Loss and Take Profit.
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Includes a Trailing Stop option.
Logic:
Trading logic:
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Buy signal: RSI < 30, price below lower Bollinger Band, MACD histogram > 0, and price below Support 1.
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Sell signal: RSI > 70, price above upper Bollinger Band, MACD histogram < 0, and price above Resistance 1.
Additional:
Additional features:
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Option to reverse trading signals (ReverseTrader).
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Limit on maximum number of open trades.
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Minimum distance between trades.
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Option to close opposite trades when opening a new one.
Customization;
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Customization:
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Allows selecting the timeframe for operations.
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Various input parameters to adjust indicators and trading logic.
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Security:
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Includes an expiration date and an account number locking system.
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