Release of the “OwarineDeEntry (オワリネデエントリー)” limit order at close price (MT4)!

A MT4 tool that focuses on the close price of candlesticks and enters when the close price falls within a range you specifyWe have released “OwarineDeEntry (OwarineDeEntry).”

The author is studying Mr. Ita-achi’s “Close Price Trading Method.”

Focus on the actual close price, not the candlestick wicks. When that close price stops at roughly the same level, enter at that level as a “Donpisha Pattern” resistance line. This is the method,inspired by the “Close Price Trading Method,” has been turned into an EA for MT4 called “OwarineDeEntry (OwarineDeEntry).”.

Consider a resistance line that seems likely to form the Donpisha Pattern, and place a limit order at that value using “OwarineDeEntry.”

You can enter when the close price hits a plus/minus ○ pips from the limit priceand, after the close price enters the limit range, you can choose not to enter immediately and instead enter when it retraces by “pulling in” by ○ pipsor enter at the retracement.Entering on a retrace rather than chasing after is more advantageous for trading. Even a few pips should not be underestimated.

Additionally, we have added a close-price-based stop-loss feature from the “Close Price Trading Method.” If the market moves against the entry and the close price exceeds the stop-loss value, the position is closed at the close price. It does not stop out on wicks that occur during the move. For rapid market movements, a standard stop-loss (stop width) is also available.If you set the close price retreat value to -15 pips and the stop-loss to -35 pips, the stop-loss will be triggered when the close price is -16 pips from the entry. It will not trigger at -14 pips. Even if it goes to -22 pips in the meantime, the stop-loss will not trigger, but if the price suddenly moves to -35 pips, the stop-loss will trigger. The manager has emphasized the importance of stop-loss on this blog, and that essence is built into the function.

Trailing stop can be set in two stages to secure profits as early as possible. Trailing stop moves the original stop value up by a specified number of pips.

[Settings screen]

In addition to Mr. Ita-achi’s “Close Price Trading Method,”this tool may support the trades of those who trade by focusing on the close price.

OwarineDeEntry (OwarineDeEntry)