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Trend line EA

Posted: Tue Dec 28, 2021 2:09 pm
by mrtools
Trend line trader EA

This is an old TSD EA just copied the introduction from there, maybe can get some ideas on how to improve.

This Ea draws trendlines using fractal calculations you can choose either for a 2 fractal trend line or a 3 fractal trend line, the Ea should find 2 or 3(your choice) fractals that line up and draw trendline off that, and if down trend will draw trend lines on highs and on lows for uptrend, if close greater than trendline for buy and less than trend line for sell.

There is an option to use moving average for confirmation it is coded is close greater or less than current close then buy or sell. On the chart been testing it on 5 minute timeframe and it's way too soon but for now looking good, another thing in the Terminal comments TLB_MULTIPASS BUY OR SELL was using the Multipass SSL indicator but didn't seem to test very well with the trend lines so changed to ma but forgot to change comments, the version i'm posting the comments should be correct.

Also the EA can use volty stops for trailing if desired.

Re: Trend line EA

Posted: Thu Mar 17, 2022 10:05 pm
by moey_dw
mrtools wrote: Tue Dec 28, 2021 2:09 pm This is an old TSD EA just copied the introduction from there, maybe can get some ideas on how to improve.
pretty cool mrtools.......... i think its using fractals like fractals trendline indicator is it right mrtoolz?

Re: Trend line EA

Posted: Thu Mar 17, 2022 11:10 pm
by mrtools
moey_dw wrote: Thu Mar 17, 2022 10:05 pm pretty cool mrtools.......... i think its using fractals like fractals trendline indicator is it right mrtoolz?
Yeah using fractals but to me the trend line is a bit different.

Re: Trend line EA

Posted: Fri Mar 18, 2022 12:17 am
by Intrest 1
Is it possible to add take profit on weekly support-resistance levels?

Re: Trend line EA

Posted: Fri Mar 18, 2022 12:22 am
by mrtools
Intrest 1 wrote: Fri Mar 18, 2022 12:17 am Is it possible to add take profit on weekly support-resistance levels?
Not sure.

Re: Trend line EA

Posted: Mon Dec 19, 2022 3:05 pm
by Scalper0014
mrtools wrote: Tue Dec 28, 2021 2:09 pm Trend line trader EA

This is an old TSD EA just copied the introduction from there, maybe can get some ideas on how to improve.

This Ea draws trendlines using fractal calculations you can choose either for a 2 fractal trend line or a 3 fractal trend line, the Ea should find 2 or 3(your choice) fractals that line up and draw trendline off that, and if down trend will draw trend lines on highs and on lows for uptrend, if close greater than trendline for buy and less than trend line for sell.

There is an option to use moving average for confirmation it is coded is close greater or less than current close then buy or sell. On the chart been testing it on 5 minute timeframe and it's way too soon but for now looking good, another thing in the Terminal comments TLB_MULTIPASS BUY OR SELL was using the Multipass SSL indicator but didn't seem to test very well with the trend lines so changed to ma but forgot to change comments, the version i'm posting the comments should be correct.

Also the EA can use volty stops for trailing if desired.
Image


Share your setfile please

Re: Trend line EA

Posted: Mon Dec 19, 2022 3:30 pm
by mrtools
Scalper0014 wrote: Mon Dec 19, 2022 3:05 pm Share your setfile please
Don't have one anymore if I remember correctly that was a picture from a long time ago.

Re: Trend line EA

Posted: Mon Dec 19, 2022 4:49 pm
by Scalper0014
Do you have any similar trendline breakout ea ? Or flag,pannen,wedge breakout ?

Re: Trend line EA

Posted: Sun Jan 22, 2023 3:49 am
by Intrest 1
mrtools wrote: Tue Dec 28, 2021 2:09 pm Trend line trader EA

This is an old TSD EA just copied the introduction from there, maybe can get some ideas on how to improve.

This Ea draws trendlines using fractal calculations you can choose either for a 2 fractal trend line or a 3 fractal trend line, the Ea should find 2 or 3(your choice) fractals that line up and draw trendline off that, and if down trend will draw trend lines on highs and on lows for uptrend, if close greater than trendline for buy and less than trend line for sell.

There is an option to use moving average for confirmation it is coded is close greater or less than current close then buy or sell. On the chart been testing it on 5 minute timeframe and it's way too soon but for now looking good, another thing in the Terminal comments TLB_MULTIPASS BUY OR SELL was using the Multipass SSL indicator but didn't seem to test very well with the trend lines so changed to ma but forgot to change comments, the version i'm posting the comments should be correct.

Also the EA can use volty stops for trailing if desired.
Image
For some reason, trend lines are not displayed on the chart

Re: Trend line EA

Posted: Sun Jan 22, 2023 3:57 am
by mrtools
Intrest 1 wrote: Sun Jan 22, 2023 3:49 am For some reason, trend lines are not displayed on the chart
Haven't tested it in a while but if I remember correctly the trendlines only work in a live market.