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Automated Trendline Trader
MT4 EA creates, adjusts & uses trend lines to place & modify buy & sell stop orders. EA will place trades when triangle, wedge or parallel channel is formed by trendlines. Developed on IBFX bid based charts. Updates (bug fixes & modifications) posted to following link: Source Site
Place "ZZ SR TL Indicator" in "Indicators" folder, & place "ZZ SR TL" in "Experts" folder. Download zipfile at following link: Zip File Download email questions to fxid10t Chart image examples follow: ![]()
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"You should not have a favourite weapon. To become over-familiar with one weapon is as much a fault as not knowing it sufficiently well. You should not copy others, but use weapons which you can handle properly. It is bad for commanders and troopers to have likes and dislikes. These are things you must learn thoroughly." Miyamoto Musashi Last edited by fxid10t : 01-03-2006 at 12:40 AM. Reason: TakeProfit calculation fix |
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Quote:
__________________
"You should not have a favourite weapon. To become over-familiar with one weapon is as much a fault as not knowing it sufficiently well. You should not copy others, but use weapons which you can handle properly. It is bad for commanders and troopers to have likes and dislikes. These are things you must learn thoroughly." Miyamoto Musashi Last edited by fxid10t : 01-02-2006 at 01:47 PM. |
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Monday Evening
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__________________
"You should not have a favourite weapon. To become over-familiar with one weapon is as much a fault as not knowing it sufficiently well. You should not copy others, but use weapons which you can handle properly. It is bad for commanders and troopers to have likes and dislikes. These are things you must learn thoroughly." Miyamoto Musashi |
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Quote:
When the trendlines no longer form one of the three patterns, ie, the trendlines widen (from left to right), the ea will delete open stop orders.
__________________
"You should not have a favourite weapon. To become over-familiar with one weapon is as much a fault as not knowing it sufficiently well. You should not copy others, but use weapons which you can handle properly. It is bad for commanders and troopers to have likes and dislikes. These are things you must learn thoroughly." Miyamoto Musashi |
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__________________
"You should not have a favourite weapon. To become over-familiar with one weapon is as much a fault as not knowing it sufficiently well. You should not copy others, but use weapons which you can handle properly. It is bad for commanders and troopers to have likes and dislikes. These are things you must learn thoroughly." Miyamoto Musashi |
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Statement: 234040 - S-R Development, C:\Documents and Settings\Todd\Desktop\ZZ SR TL.htm
Net profit 73.84 Initial deposit 1000.00 Gross profit 561.21 Interest earned -1.79 Gross loss 485.58 Commission paid 0.00 Total number of trades 90 Percentage profitable 61.1% Total number of pips 153 Average pips per trade 1 Number of winning trades 55 Number of losing trades 35 Average winning trade 10.20 Average losing trade 13.87 Average winning pips 24 Average losing pips 34 Return ( 13 days) 7.4% Maximum drawdown 22.2%
__________________
"You should not have a favourite weapon. To become over-familiar with one weapon is as much a fault as not knowing it sufficiently well. You should not copy others, but use weapons which you can handle properly. It is bad for commanders and troopers to have likes and dislikes. These are things you must learn thoroughly." Miyamoto Musashi |
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