Disliked{quote} Sir please i found this with mq4, but its not working, can it work? {file} {file} {file}Ignored
Attached File(s)
e-TrendLineTraderV2_BTE_mod.ex4
29 KB
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259 downloads
Here is the inputs interface:
The idea behind this simple EA is to trade breakouts of a trend line, so it is a counter-trend, swing-type strategy.
The EA plots two buttons: [LONG] [SHORT]
The buttons don't send orders! They only plot a trend line.
Clicking on the [LONG] button plots a Bearish trendline.
Clicking on the [SHORT] button plots a Bullish trendline.
The EA looks for Break Out conditions on two candles: the first closed and the second closed.
We can manipulate the trendlines, because of this fact, as long as their trend direction stays as by default or the trendline can be plotted flat (HLine style), too.
The BO condition for [LONG] is:
- Close[2] < trend line price
- Close[1] >= trend line price + distance from line
The BO condition for [SHORT] is:
- Close[2] > trend line price
- Close[1] <= trend line price - distance from line
The lines have two colors for each line:
- Neutral color - Line Trending color,
- Conditions color - Line Break Signal color.
When the condition is met, the line will change color from neutral color to conditions color.
EA takes one trade.
If you're looking for the Holy Grail indicator - STOP!
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