Hello all!
First of all I would like to say I did NOT make this indicator and EA, nor do I know of the original source (I got it from another forum, but that's not the original source either)
Attached you will find an indicator and an EA, it is quite (read:very) slow in backtesting, but it has shown to be quite promising in forward demo testing according to the old thread (see screenshot, taken from the old thread). Personally I have forward demo tested it for 3 days so I can't make any conclusions yet but it's worth a shot!
note: the indicator itself does not draw the trendlines, it draws S/R areas based on recent highs and lows, the EA draws the trendlines and uses them for the orders
What it does is draw trendlines, and then place buy/sell orders according to those trendlines.
Please do not use this on a live account as it still seems to have a few bugs.
I just found this EA quite promising and thought I'd share, if anyone wants to fix bugs or add something to the code, feel free to do so, and I will try to do so too but I can't make any promise as I consider myself just an amateur when it comes to MQL coding, but because of my java/c++ background I do learn fast (everyone needs to start somewhere right?)
Have fun guys!
P.S. Monday I'll probably set up a myfxbook page for the EA, you guys are free to do so too and mess around with settings a bit!
The files:
First of all I would like to say I did NOT make this indicator and EA, nor do I know of the original source (I got it from another forum, but that's not the original source either)
Attached you will find an indicator and an EA, it is quite (read:very) slow in backtesting, but it has shown to be quite promising in forward demo testing according to the old thread (see screenshot, taken from the old thread). Personally I have forward demo tested it for 3 days so I can't make any conclusions yet but it's worth a shot!
note: the indicator itself does not draw the trendlines, it draws S/R areas based on recent highs and lows, the EA draws the trendlines and uses them for the orders
What it does is draw trendlines, and then place buy/sell orders according to those trendlines.
Please do not use this on a live account as it still seems to have a few bugs.
I just found this EA quite promising and thought I'd share, if anyone wants to fix bugs or add something to the code, feel free to do so, and I will try to do so too but I can't make any promise as I consider myself just an amateur when it comes to MQL coding, but because of my java/c++ background I do learn fast (everyone needs to start somewhere right?)
Have fun guys!
P.S. Monday I'll probably set up a myfxbook page for the EA, you guys are free to do so too and mess around with settings a bit!
The files:
Attached File(s)
ZZ SR TL Indicator.mq4
8 KB
|
8,641 downloads
Attached File(s)
ZZ SR TL.mq4
12 KB
|
7,817 downloads