Expert Advisor trades based on the ATR Trailing-Stop Support and ATR Trailing-Stop Resistance lines.
Expert Advisor trades based on the selected 1M/5M/15/30M/1H/4H/1D Timeframes.
BUY Orders are opened as per the following algorithms:
(i) Bullish Candle ascends and closes above ATR Trailing-Stop Resistance Line
(ii) Bullish Candle ascends and closes above the Last Previous ATR Trailing-Stop Resistance Level
(iii) Candle descends below the Last Previous ATR Trailing-Stop Resistance Level and then pulls-back and ascends above the Last Previous ATR Trailing-Stop Resistance Level, and closes as Bullish
(iv) Bullish Candle ascends and closes above the Previous BUY Order Open Price
(v) BUY Order closes, and the current Candle then closes above BUY Order Close Price
SELL Orders are opened as per the following algorithms:
(i) Bearish Candle descends and closes below ATR Trailing-Stop Support Line
(ii) Bearish Candle descends and closes below the Last Previous ATR Trailing-Stop Support Level
(iii) Candle ascends above the Last Previous ATR Trailing-Stop Support Level and then pulls-back and descends below Last Previous ATR Trailing-Stop Support Level, and closes as Bearish
(iv) Bearish Candle descends and closes below the Previous SELL Order Open Price
(v) SELL Order closes, and the current Candle then closes below SELL Order Close Price
BUY Orders are closed as per the following algorithms:
(i) Bearish Candle descends through below ATR Trailing-Stop Support Line
(ii) Bearish Candle descends below the Last Previous ATR Trailing-Stop Support Level
(iii) Candle descends below the BUY Order Open Price
(iv) Candle descends below the Previous BUY Order Open Price
(v) Candle descends below the Last Previous ATR Trailing-Stop Resistance Level
SELL Orders are closed as per the following algorithms:
(i) Bullish Candle ascends through above ATR Trailing-Stop Resistance Line
(ii) Bullish Candle ascends through above Last Previous ATR Trailing-Stop Resistance Level
(iii) Candle ascends above the SELL Order Open Price
(iv) Candle ascends above the Previous SELL Order Open Price
(v) Candle ascends above the Last Previous ATR Trailing-Stop Support Level
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