Please download and try this EA. It is based on an indicator that spots support and resistance levels based on the Zig Zag indicator.
The strategy was developed in another post but was eventually moved to the commercial section because the guy was asking for people to pay to get someone to code it. I've coded it and decided to give it away.
Levels goes in Indicator folder
ZigZag goes in Indicator folder
Final Levels goes in Experts folder
Seems to work ok on EURUSD and EURJPY
Taking BUY as an example:
The strategy was developed in another post but was eventually moved to the commercial section because the guy was asking for people to pay to get someone to code it. I've coded it and decided to give it away.
Levels goes in Indicator folder
ZigZag goes in Indicator folder
Final Levels goes in Experts folder
Seems to work ok on EURUSD and EURJPY
Taking BUY as an example:
- The aim is to catch a trend buy using a large standard deviation and only trading when the standard deviation gets above a certain value. In the EA this is set by DeviationLevel
- The EA then sets buy stops on newly formed blue dots IF the 5 SMA is above the 20 SMA
- Buy stops are deleted if the standard deviation begins to decline
- The idea is to stack these trades as the trend continues
- EA can be set to trade between certain hours
- Adjust the variable LookBack to set more pending orders based on pervious dots formed
- Adjust Periods to the timeframe (in minutes) you wish to test/run on a chart. For example if you wish to quickly test 4H timeframe in the strategy tester set Periods to 240 (4H timeframe), and in the Strategy Tester set Period to M1 and model to Control Points This allows for much faster testing as the accuracy isn't so important with us having large stop loss and trailing stop values
Attached File(s)
Levels.ex4
10 KB
|
747 downloads
Final_Levels.ex4
18 KB
|
757 downloads
ZigZag.ex4
13 KB
|
588 downloads
So many in the Commercial section want to make me rich! :o