Six Study EA
Logic:
- Trend-Following:
- Uses Moving Averages (Simple Moving Average – SMA) on different timeframes to determine the general trend direction.
- Buys when certain high points are crossed above a specific threshold and the current price is above the Moving Average.
- Sells when certain low points are crossed below a specific threshold and the current price is below the Moving Average.
- Candlestick Pattern Recognition:
- Recognizes specific candlestick patterns based on high and low points relative to moving averages and other predefined levels.
- Executes trades based on the occurrence of these patterns combined with the trend-following criteria.
- Time-Based Order Management:
- Trades are only executed within a specific time interval during the day, which is configurable through the external variables.
- Order Management:
- Limits the maximum number of trades and pending orders that can be opened at any given time.
- Implements a hedging mechanism where it avoids placing new orders if opposite trades are already open unless hedging is allowed.
