Side by Side Lines EA
- Experts
- Version: 3.0
- Activations: 5
Side-by-Side Lines EA
Overview & Strategy Logic The Side-by-Side Lines EA is an automated continuation trading system designed to capture explosive market momentum using the 3-candle Side-by-Side Lines pattern (Bullish & Bearish). This pattern identifies rare market conditions where strong buying or selling pressure causes a price jump (gap) that refuses to pull back, signaling that the dominant trend is continuing with full force.
Trading Logic
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Buy Entry (Bullish Side-by-Side Lines):
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The market forms a strong bullish candle, followed by a second bullish candle that gaps upward.
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The third candle opens at or near the second candle's open price instead of dropping to fill the gap.
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The third candle closes bullish, confirming continuous demand and triggering a Buy order at its close.
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Sell Entry (Bearish Side-by-Side Lines):
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The market forms a strong bearish candle, followed by a second bearish candle that gaps downward.
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The third candle opens at or near the second candle's open price instead of rising to fill the gap.
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The third candle closes bearish, confirming continuous supply and triggering a Sell order at its close.
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Exit Strategy: Managed strictly via fixed Take Profit (TP) and Stop Loss (SL) levels measured in pips.
User Inputs / Adjustable Parameters
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Gap Distance (Pips): bigger the number of gap distance stronger trend, but more Rare to
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Take Profit (Pips): Fixed profit target per trade.
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Stop Loss (Pips): Fixed risk protection per trade.
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Lot Size: Position volume for risk management.
Attention & Risk Notice
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Do Not Use Default Settings for Live Trading: Default parameters are for initial testing purposes only. Perform thorough backtests and optimization based on your personal risk/reward profile before running on a live account.
