Greetings!!
My appreciations to a developer of this Indicator.
I found a certain indicator on the internet called TrendLine Fractal Connector Indicator. It draws two automatic trendlines then connecting them to form a triangle like shape while waiting for the breakout of either an upper trendline or the lower trendline. When upper trendline breaks, its a buy. And when lower trendline breaks, its a sell signal. Both trendlines show its predicted TP targets when a breakout occurred. This indicator is very promising when used in 1Hour Timeframe.
Kindly help me to convert it to an EA in order to catch the breakouts on time.
My Suggestions On EA
When Upper trendline breaks, EA should open a Buy and TP set to the predicted take profit area. Stop loss can be placed below the lower trendline. Similarly when a lower trendline breaks, EA opens a sell and TP set to the predicted area for a sell breakout. Will be very nice if you also put trailing stop option to lock some pips when a trade going our side.
The attachment below is a screenshot of that indicator and some info's of how it works. Also i have added the indicator file and the presets. Kindly, convert it to an EA
My appreciations to a developer of this Indicator.
I found a certain indicator on the internet called TrendLine Fractal Connector Indicator. It draws two automatic trendlines then connecting them to form a triangle like shape while waiting for the breakout of either an upper trendline or the lower trendline. When upper trendline breaks, its a buy. And when lower trendline breaks, its a sell signal. Both trendlines show its predicted TP targets when a breakout occurred. This indicator is very promising when used in 1Hour Timeframe.
Kindly help me to convert it to an EA in order to catch the breakouts on time.
My Suggestions On EA
When Upper trendline breaks, EA should open a Buy and TP set to the predicted take profit area. Stop loss can be placed below the lower trendline. Similarly when a lower trendline breaks, EA opens a sell and TP set to the predicted area for a sell breakout. Will be very nice if you also put trailing stop option to lock some pips when a trade going our side.
The attachment below is a screenshot of that indicator and some info's of how it works. Also i have added the indicator file and the presets. Kindly, convert it to an EA