Inside bars EA
This Expert Advisor (EA) opens orders when an outbreak from an inside bar formation occurs. It can for example be used with a strategy which you can read more about here.
The behavior of the EA can be explained in the following steps (please also see separate screenshot for visualization):
- Look for a trade when xx amount of inside bars has been reached.
- Exit when trailing stop or take profit has been hit.
- The formations with sell/buy lines will be drawn on the chart as well as the first ATR take profit level.
- Spread and slippage filter.
- Possibility for take profit and stop loss based on the ATR indicator or use a risk/reward ratio (based on stop loss).
- Possibility to select between adding a fixed lot or let the system set the lot size according to risk percentage.
- Possibility to trade in a reverse way (buy when sell, sell when buy).
Please find the description and explanation of the input parameters here.
Please check out my other Expert Advisors and inside bars products: