Do you mind adding to this EA a "cool down" feature in terms of numbers of candles?
(without losing any of its existing features)
I want to use its MaxOpenTrade functionality. However, with my current setting, it keeps adding lots of positions close to each other. This essentially becomes a bigger position size and not what I want it to do.
Example of how it will work:
CoolDownInCandles: 50 (btw, it needs to work on M1 as well, please)
(without losing any of its existing features)
I want to use its MaxOpenTrade functionality. However, with my current setting, it keeps adding lots of positions close to each other. This essentially becomes a bigger position size and not what I want it to do.
Example of how it will work:
CoolDownInCandles: 50 (btw, it needs to work on M1 as well, please)
- EA opens first long at fast MA crossing up the slow MA.
- 10 candles later EA crosses over again EA does nothing.
- Until candle 50, EA keeps crossing over up or down, but EA does nothing
- After candle 51:
- EA opens first short when fast MA crosses down the slow MA
OR - EA adds another long if fast EA crosses over the slow MA
- EA opens first short when fast MA crosses down the slow MA
With this new feature, I hope that we can reduce the number of (unnecessary) trades taken close to each other in a small range when the market enters and stays in a range.
Thanks in advance
Attached File(s)