Hello, traders! I need some help here with the SL EA.
What I will describe here is a pretty well known technique, however I haven't found any EAs based on this.
I'm in search for trailing stop EA that would do the following:
As soon as the consolidation area in the trend is broken, move SL to the high of that consolidation area.
To understand better what I'm talking about I've attached the pic which explains everything.
Please tell me if something like this is allready out there. And if not, is it possible to code such a thing? I'm not a programmer, unfortunetely, so I don't know if there are going to be any difficulties with programming such a thing
The only problem I see here is how to make the EA understand that consolidation is broken. May be by using the same KG indi?
I've attached the indi as well.
Regards,
peter
What I will describe here is a pretty well known technique, however I haven't found any EAs based on this.
I'm in search for trailing stop EA that would do the following:
As soon as the consolidation area in the trend is broken, move SL to the high of that consolidation area.
To understand better what I'm talking about I've attached the pic which explains everything.
Please tell me if something like this is allready out there. And if not, is it possible to code such a thing? I'm not a programmer, unfortunetely, so I don't know if there are going to be any difficulties with programming such a thing
The only problem I see here is how to make the EA understand that consolidation is broken. May be by using the same KG indi?
I've attached the indi as well.
Regards,
peter
Attached File(s)
#KG Support and Resistance Alert_Revision 2.ex4
9 KB
|
196 downloads
#KG Support and Resistance Alert_Revision 2.mq4
7 KB
|
201 downloads