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Channel Architect

This utility calculates and draws lines over the chart. There are two types of channels:

  • Channel A: the mainline is drawn using local Lows for uptrends and local Highs for downtrends.
  • Channel B: the mainline is drawn using local Highs for uptrends and local Lows for downtrends.

The parallel line of both types is built, using the maximum fractal between the base points of the mainline. There are few conditions which have to be fulfilled and can be changed in the parameters (see also picture 4):

  • The count of bars to the last base point of a line is called BarAge and has to be greater than the MinBarAge parameter.
  • The length of the line starting at the first base point is measured in bars and has to be greater than the MinLength parameter.
  • The ratio of the length between the base points of the mainline and the length of the whole line has to be greater than the MinLenfac parameter.
  • The ratio of bars since the line was broken (PostBreak) and the unbroken line length has to be less than the MaxPostBreakfac parameter.

One feature of the utility is that the lines will fade out with incoming bars if they are near to the point that they do not fulfill the conditions (e.g. line is broken and PostBreakfac gets too big). That makes it easier to differ the lines. So the next parameters are just for visual effects:

  • LineColor sets the main color of the lines.
  • ColorFadefac represents the color intensity at the point the conditions are scraped through; 0 means main color, 1 means background color.
  • FadeFac is similar to MinLenfac and sets the ratio when to start the fadeout.

The indicator works on all currency pairs and timeframes.

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ADAM EA Special Version for FTMO  Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94887 Signal using ADAM  https://www.mql5.com/en/signals/2190554 --------------------------------------------------------------
RedFox Copier Pro
Rui Manh Tien
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FREE SIGNAL CHANEL:  https://t.me/redfox_daily_forex_signals Time saving and fast execution Whether you’re traveling or sleeping, always know that Telegram To Mt4 performs the trades for you. In other words, Our   Telegram MT4 Signal Trader  will analyze the trading signals you receive on your selected Telegram channels and execute them to your Telegram to MT4 account. Reduce The Risk Telegram To Mt4   defines the whole experience of copying signals from   Telegram signal copier to mt4  p
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This EA keeps an eye on drawn lines and opens orders according to a specification. Together with the included tool Trendline-Architect, which calculates and draws lines over the chart, it is a fully automatic EA. There are two types of trends:     Trend A: the line is drawn using local lows for uptrends and local highs for downtrends     Trend B: the line is drawn using local highs for uptrends and local lows for downtrends A few conditions have to be fulfilled. To understand and change
This utility calculates and draws lines over the chart. There are two types of channels: Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 3):
This indicator calculates and draws lines over the chart. There are two types of channels: Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 4):
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