Hello! I would like to know if someone can help me to create an EA of this strategy that I explain below.
The conditions are the following:
1- Timeframe: From 1H, No less.
2- ZigZag sections with 30 depth. (30.5.3). The sections must be greater than X Pips, (Eligible Parameter).
3- It is better if it is in the direction of the current trend. Elliot wave impulses 2 - 3 or 4 - 5. It is not mandatory, but it works better in these cases.
Once the stretch of the ZigZag reaches the number of pips established as distance of section:
4- Fibonacci painted in this section, with 38%, 50% and 61% retracement levels.
5- Create Orders SELL / BUY Limit only at levels 38% and 50%
6- TP is the distance between 50% and 38% in pips in both operations.
7- SL at 61% level both operations.
I leave Images to understand the strategy a little more visually.
Thank you in advance!!!
The conditions are the following:
1- Timeframe: From 1H, No less.
2- ZigZag sections with 30 depth. (30.5.3). The sections must be greater than X Pips, (Eligible Parameter).
3- It is better if it is in the direction of the current trend. Elliot wave impulses 2 - 3 or 4 - 5. It is not mandatory, but it works better in these cases.
Once the stretch of the ZigZag reaches the number of pips established as distance of section:
4- Fibonacci painted in this section, with 38%, 50% and 61% retracement levels.
5- Create Orders SELL / BUY Limit only at levels 38% and 50%
6- TP is the distance between 50% and 38% in pips in both operations.
7- SL at 61% level both operations.
I leave Images to understand the strategy a little more visually.
Thank you in advance!!!
TradingLove