DOUBLE TOP DOUBLE BOTTOM EA

This is a basic Ea which gets activated based on Double Top and

Double Bottom candlestick as follow
1.Actual Setting (A) -
• Identify double top and entering sells by LIMIT
ORDERS/MARKET EXECUTION
• Identify double bottom and entering buys by LIMIT
ORDERS/MARKET EXECUTION
2.Reverse Setting (R) -
• Identify double top and entering buys by LIMIT
ORDERS/MARKET EXECUTION
• Identify double bottom and entering sells by LIMIT
ORDERS/MARKET EXECUTION
• SL is the candle low for double top and candle high for double
top
• When we activate Lowest Pip Difference, (Look at the bottom
of the ea settings in the upcoming page) SL should be set by
considering the first or last candle in such a way the SL pip
should be the lowest. For example, Candle low for double top
of first candle is 1.11940 and for final candle is 1.11920. Hera
we take 1.11920 as it will make the SL shorter
3.Both Setting (B) –
• Is a combination of A+B Settings
• It will have two 2 limit orders always
• Market execution option should not be available for this
settings

EA SETTINGS
 NOTE
• EA shouldn’t place trades if both Double Top and
Double Bottom are seen in the same pair of candles
• When Both strategy (B) settings is activated, only limit
order feature should be available . Market execution
feature should be disabled for this particular settings.
Or else there will be 2 running trades instead of 1