IdeaTrend line EA

1
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.
These users thanked the author mrtools for the post (total 9):
Lesley919, andrei-1, 太虚一毫, moey_dw, Intrest 1, kvak, Bee, Jedidiah, akberetamare


Re: Trend line EA

2
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?
Official Forex-station GIF animator at your service 👨‍⚖️
See a GIF with Forex-station.com on it? I probably made it
The best divergence indicator in the world.
Real news exists: Infowars.com 👈


Re: Trend line EA

6
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

9
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


Who is online

Users browsing this forum: cheer4u, Grapeshot [Bot], Majestic-12 [Bot], TECHHDATE07 and 94 guests