Posts made by Scalper20

What would you advise as per knowledge with fxdreema is there documentation on how I would proceed with this project @l-andorrà

@l-andorrà I’m totally new to fxdreema I might need to sit longer with the platform

I’m totally new to fxdreema I might need to sit longer with the platform

Hi All

I need help in creating a EA (mql5) that purely trades based on timefilters including trading sessions with trade excution signals on orderblock and Fair value gaps.

How I would normally do it trading manually very simple and straightforward works on any pairs, or indices. Mainly trade Nasdaq on this.

1.Determine Market structure -Look at daily time including monthly time frame to determine the trend direction of the market.
2.Once direction is confirmed, look for possible order blocks where structure was broken or retested around trade sessions mainly Tokyo and London/NY due to the volatility. Highlight the order blocks with channel tool and or use the tool to draw trend for accuracy only.

Entry (Execution) [If there is no setups and confluences are not valid there is no trade.]
Some major candlesticks for extra confluence have been see mainly engulfing bars/doji/pinbar when these setups occur.
Every entry taken will be at an order block 80% of the /me. The other 20% will be at a FVG
(fair value gap). The only way to see if a FVG entry is valid is through the fib tool - which
61.8 and 50 level would be entry level whether it be a sell or buy but keep in mind 38 level
on the fib is a reversal level as well.
Imbalances entry fair value gap trade execution example for 10:15 am hold trade until 11:15am (trade duration 1 hour) followed by a new trade reversal order at 11:15 at previous close entry position to hold duration until close of 12:15am candle high or low position to enter new trade in reversal direction of 10:15am order entry of current trade sessions.

Timefilter-specific (Additional times should be added if needed)
10:15-11:15
Monitor 15 min time frame and look for the closest 15 min time frame order block. Entry to be taken on 5 min for sniper entry.

Risk management

Risk 1% per trade according to account balance
35PIP-STOPLOSS ABOVE (SELL) or BELOW(BUY) ENTRY PRICE

Money Management
Trail SL at 350-500PIPS
BREAK EVEN

EXIT
Takeprofit 2%-3% (MIN)
TARGET per day based on all trades 1500PIPS-3000PIPS

MAX ALLOWED TRADES PER DAY (3-6 trades) According to setups for the day

I trade this plan however I need this to be automated, tried chatgpt for an example or skeleton shell but it was hopeless . I hope someone can guide me or help to experiment with this.