4HR Price Action Channel EA

H4:
Up development : 5/10 EMA cross up
Down development : 5/10 EMA cross down
the modification executed is that this .solely ship a buystop solely when the value of that buystop is above 50 easy transferring common on a 5 min chart.
vice versa for sells
this morning it has the next trades open . additionally leaping cease loss was calculating wrongly which induced massive drawdown yesterday
lastly purchase trades will closed if 50 SMA is 80 pips above purchase value and bid is 30pips under 50SMA.vice versa sells
the modification executed is that this .solely ship a buystop solely when the value of that buystop is above 50 easy transferring common on a 5 min chart.
vice versa for sells
I noticed EA shut two GBPCHF promote positions whereas there was
a purchase with enormous draw down . I've elevated the variety of pips wanted to open a second place .91 pip
Additionally noticed GBPCAD rightly shut two promote place when value went north at information however did not open a promote
when value inside 5 min turned again south . have written code for that
Now in foreign exchange there was two blood bathtub .swiss franc depeg from euro and brexit.
these occasions blew buying and selling accounts. alpari uk closed. I've tried to guard your account from these disasters.

The EA will open a promote when transferring common point out promote development.
Then at similar time three buystops open . the gap is such that below regular
buying and selling circumstances The commerce by no means happen however if in case you have brexit scenario they open hopefully saving your account from blowing .
so in your scenario a promote open after which closed . the buystops expire after 720 hours or deleted if transferring common point out
the development has now turned to purchase
its as much as you .
the ea closes a commerce after a development began and the development exhausted .
if ea opens a purchase it means transferring common have analysed a up development
however as occurs in foreign exchange the development doesn't begin and transferring common
point out a down development the ea will open a promote. ultimately a development will begin
and that development will exhaust and ea will shut commerce . if development restarts it's going to
reopen.
so key level is how I've decided exhaustion degree .
right here it's
instance
a purchase
if easy transferring common 50 SMA on 5 min chart is 80 pips above the purchase'
open value
additionally if market value strikes 30 pips under 50SMA shut purchase solely .