Line Regression
- Uzmanlar
- Aleksandr Butkov
- Sürüm: 1.0
This utility advisor builds a linear regression channel on the chart and opens trades for a breakout or rebound from the channel boundaries.
Orders are closed when the price reaches the middle line of the channel.
The Expert Advisor can be used as a utility drawing a channel. to do this, you need to disable the advisor in the settings: Trade = false.
About settings:
Two points are responsible for plotting the regression channel:
the start point of the Last bar, the end point of the First bar.
In the settings, you can select the mode of deviation from the regression line
- standard: Standart
- by Atr
for the deviation mode Atr, the period can be selected: PeriodATR for Deviation
and the multiplier Atr: MultiplierATR
The lot for opening a deal can be fixed: Fix lot
or calculated as a percentage of the deposit: Risk
There are two modes available for trading (Signal mode):
- channel breakdown: channel breakdown
- channel rebound: channel rebound
Trade entry is filtered by the slope height of the linear regression channel: Сhannel tilt angle
It is possible to specify a condition: the angle of inclination is greater (Above the angle) or less (Below the angle)
Num.Deal for Martin - position number from which orders with lot will be opened multiplied by the KLot coefficient.
StopLoss, TakeProfit - in points, I think there is no need to explain.
Profit in $ - when this profit value is reached, the advisor will close all orders of the type go all open.
So far great! Like all bots just have to monitor it and make adjustments accordingly. For me lot size as I'm using a smaller account but I like the way it trades. It shouldn't really need updates based on how it trades just small adjustments.