If both trend lines turn up and pin bar reversal-sell signal
If both trend lines are turning down and pin bar reversal-buy signal.
USEMOVETOBREAKEVEN system functions like a stop loss
But a one-time function with a smaller value than the subsequent Stop Loss value to lock minimal profit and avoid loss if the price goes against you.
If you have reached a certain value of pips with the direction of the trade -
So how many pips would you like to move the stop loss above the price line of the open trade-
This EA trades only with the price of open candle!
Trade volume of a position depends on previous trading results.
It provides the possibility to limit the maximum risk (in % of deposit) of the trade.
If you want to trade with constant lotsize say:0.01 lot ,you need to set "MaximumRisk =0" and "DecreaseFactor=0"
Or else you will have a calculation of Percent (%) of deposit and MaximumRisk.
I combined together a simple EA with two moving averages and Trend Line,
The Trend Line do not work on test mode,
The optimization tests can be performed only with moving averages,
In live trading only, Trend Line and moving averages will work together,
During tests, the EA only draws the Trend Line on the screen in visual mode without considering it in the creation of trades,
You need to perform back test with "open prices only" option,
The Trend Line will function as a filter .
In this situation the probability of winning trades increases.
How to perform back test: https://bit.ly/2CD7XWD
Improved version inspired by RSI_candles by © mladen 2018 https://www.mql5.com/en/code/20968MACD_Colored_Histogram_2019
Trending Indicator MACD with coloured Histogram to detect trend and retracements in that trend.
"Broadening top" naked trading price action EA draws 2 mini Trend Lines with "Fractals" on chart and trades with Broadening top strategy,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.Triple top and triple bottom
"Triple top and triple bottom" naked trading price action EA draws 2 mini Trend Lines with "Fractals" on chart and trades with Triple top and triple bottom strategy,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.