THeMindTheLinesAlert

1

This EA keeps an eye on drawn lines and alerts according specification.

It is a semi-automatic robot, which does NOT draw or change any lines.

A user can draw them manually or use tools like Trendline-Architect or Channel-Architect, which draw lines automatically.

Objects of type OBJ_TREND, OBJ_CHANNEL, OBJ_TRENDBYANGLE, OBJ_REGRESSION, OBJ_STDDEVCHANNEL and OBJ_FIBOCHANNEL will be detected - others will be ignored. The lines or channels have to have valid coordinates and rayed to the right, otherwise the value will be zero. Although channel objects are usually composed of two or more lines, this EA recognizes only the mainline (the one with two basepoints).

There are two line types:

  • SUPPORT: most of the prices are above this line
  • RESISTANCE: most of the prices are below this line

The line type and the trade direction of a recognized line can be determined automatically or can be set manually.

Around recognized lines, there will be a zone called ActionArea. The nearest ActionAreas to the current price for long and short trades are shown on the chart. If the current price is in this zone, an alarm will be triggered and the triggered trade direction will be deselected for this line.


Parameters

  • Do Automatic LineType-Detection is true to automatically detect the line type (SUPPORT or RESISTANCE)

    • If false, the line type is set to NONE by default. Changes apply only to new lines or the first time the EA is activated on a chart.

    A user can change the line type for each line by clicking the button.

    The button displays the current line type and is green when in automatic mode.

  • ATR-period defines the period of the ATR calculation. The area and distance around the lines where some action happens is measured in ATR. The ATR timeframe is the same as in the chart.
  • min. ATR-distance for LineType-Detection is the minimal distance to a line to auto-detect the line type (SUPPORT or RESISTANCE).
  • max./min. ATR-distance for ActionArea
    • If the mean value of both values is positive, the action happens before the line is broken.
    • If the mean value of both values is negative, the action happens after the line is broken.
  • color ActionArea long/short defines the color in the chart.


Easter egg: there is a simple intelligence included, which recognizes relevant highs and lows, and the EA will open trades after learning the relevance and if there is no drawn line to keep an eye on.

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Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd and Gbpusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market
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Leonid Arkhipov
4.94 (32)
Uzman Danışmanlar
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John Dickenson
Uzman Danışmanlar
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AW Trading Software Limited
4.35 (84)
Uzman Danışmanlar
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Lachezar Krastev
4.46 (50)
Uzman Danışmanlar
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MQL TOOLS SL
4.32 (38)
Uzman Danışmanlar
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Davit Beridze
5 (3)
Uzman Danışmanlar
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Allistair Kabelo Mandow
Uzman Danışmanlar
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Vasiliy Strukov
4.7 (1082)
Uzman Danışmanlar
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Lachezar Krastev
4.58 (24)
Uzman Danışmanlar
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MQL TOOLS SL
5 (16)
Uzman Danışmanlar
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Ramil Minniakhmetov
4.22 (54)
Uzman Danışmanlar
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Stanislav Tomilov
5 (8)
Uzman Danışmanlar
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Quant Blade MT4
Andrey Barinov
Uzman Danışmanlar
Quant Blade is a professional trading solution built on advanced Pattern Recognition with elements of Machine Learning and Neural Networks . It calculates future price move probabilities , displays projections directly on the chart, and trades based on them. Highlights Prop Firm Ready => advanced PropFirm risk panel with color-coded warnings and recommendations Institution-grade analytics => high quality forecasting / projections and market condition filtering No Grid, No Martingale => only one
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Burak Baltaci
3 (2)
Uzman Danışmanlar
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Yazarın diğer ürünleri
Trendline Architect
Torsten Hempel
5 (4)
Göstergeler
This indicator calculates and draws lines over the chart. 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 There are a few conditions, which have to be fulfilled and can be changed by the parameters (see also picture 4): MinBarAge : the count of bars to the last base point of a line is called BarAge and has to be greater than the parameter
FREE
Channel Architect
Torsten Hempel
Yardımcı programlar
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): T
Channel Architect Indicator
Torsten Hempel
1 (1)
Göstergeler
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):
THeMindTheLines
Torsten Hempel
5 (1)
Uzman Danışmanlar
This EA keeps an eye on drawn lines and opens orders according to a specification. It is a semi-automatic robot, which does NOT draw or change any lines. A user can draw them manually or use tools like Trendline-Architect or Channel-Architect, which draws lines automatically. OBJ_TREND, OBJ_CHANNEL, OBJ_TRENDBYANGLE, OBJ_REGRESSION, OBJ_STDDEVCHANNEL and OBJ_FIBOCHANNEL objects will be detected - others will be ignored. The lines or channels have to have valid coordinates and rayed to the right,
THeMindTheLines plus TrendlineArchitect
Torsten Hempel
Uzman Danışmanlar
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 the pa
Channel Architect MT5
Torsten Hempel
Yardımcı programlar
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): t
Channel Architect Indicator MT5
Torsten Hempel
Göstergeler
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):
Filtrele:
Lev Vladimirovic Marushkin
2046
Lev Vladimirovic Marushkin 2018.12.21 17:04 
 

Good idea. But without push alerts. Worthless. Who wants to sit all day long in front of the computer?

Alexey Suvorov
774
Alexey Suvorov 2018.07.24 23:44 
 

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