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Pinnacle

The Pinnacle expert adviser is based off the Three Peaks Indicator (Read More). I have received a lot of reviews so here it is, I've finally got the time to develop the Three Peaks Expert Adviser version namely Pinnacle.

Pinnacle can trade in both directions(up or down). I have spent a lot of time to figure the right ratio of TakeProfit against StopLoss. Based of popular belief the TakeProfit is twice as the StopLoss. a 2:1 Relationship, you can set your own ratio by using n_tp and n_sl.

//How to calculate the TakeProfit
TakeProfit = Price + (Price - peak_1) * n_tp;

//How to calculate the StopLoss
StopLoss = Price - (Price - peak_1) * n_sl;

n_tp: the multiplier distance between Price and first peak's closing price 
n_sl: the multiplier distance between Price and first peak's closing price
price: the price of the trade, ask price or sell price
peak_1: the closing price of the first peak 
peak_2: the closing price of the second peak
peak_3: the closing price of the third peak

[see screen shots]

You are able to set your own TakeProfit and StopLoss multiplier. If you do not set TakeProfit and Stoploss, Pinnacle will open trades with TakeProfit and StopLoss width n_tp = 2 and n_sl = 1, by default.

trade_direction: set which direction you would like to trade on, Up, Down or Both direction, by default is set to Up.



 DOWNOpen only buy orders on three peaks, trending up.
 UPOpen only sell order on three peaks, trending down.
 BOTH Open sell and buy order, on trend down and up respectively.
  


PLEASE NOTE THIS VALUE IS CASE SENSITIVE: use DOWN, UP or BOTH (all upper case)






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