This is an indicator of the Quasimodo pattern, also known as “Over and Under”. The indicator automatically finds swing points and can even open virtual trades with stop loss and take profit levels. It also finds the most profitable settings. The pattern consists of four segments (A, B, C, D), as shown in the screenshots. The product parameters are described below.
- Buffer – the distance in pips from the support or resistance line (SR) at which the trade occurs.
- TakeProfit – take profit in pips.
- StopLoss – stop loss in pips.
- SwingTakeProfit – take profit level at the recent swing point. Set to 1 for the oscillation point of the end of segment B or to 2 for the oscillation point of the end of segment D. A value of 0 disables this option. If the TakeProfit value is greater than zero, it is added to the SwingTakeProfit level. For short positions, a spread is added.
- SwingStopLoss – the stop loss level at the highest / lowest point of fluctuations. For short positions, a spread is added.
- MaxTradesPerPattern – how many times the SR level was reached and, as a result, a trade was opened for each pattern. The pattern is valid until the maximum number of trades is opened.
- LongTrades-virtual purchase transactions are allowed.
- ShortTrades-virtual sales transactions are allowed.
- ProfitableTradesPercentage – the minimum allowed percentage of profitable trades during optimization.
- OptimizeBuffer – minimum and maximum buffer values used for optimization. The values must be separated by hyphens ” -“.
- OptimizeTakeProfit – minimum and maximum TakeProfit values used for optimization. The values must be separated by hyphens ” -“.
- OptimizeStopLoss – minimum and maximum StopLoss values used for optimization. The values must be separated by hyphens ” -“.
- uniqueID – when optimization is complete, the file with the optimized settings is automatically saved in the “Files” folder. uniqueID – the name of this file. It must be unique for each instance of the indicator. Download this file to save the optimized settings.
- Alerts-a warning (alert) is used. All alert parameters consist of two values. For the first one, 0 disables warnings, 1 issues a warning when opening a trade, 2 – when closing, 3-in both cases. For the second one, 0 disables warnings, 1 warns about the formation of a pattern.
- AlertSound – the alert sound is taken from the Sounds folder.
- Email-sending a message to an email address.
- Notifications-Sending push notifications to your mobile phone.
- ScreenShots – take a screenshot and save it in the Files folder.
- OnlyOnePattern – only one template can be valid at a time, the templates for buying and selling cannot be valid at the same time.
- CancelPatternCandles – the maximum number of candles during which the pattern is valid. The score starts at the end of segment D.
- MinHeight_A – minimum height of segment A in pips. The same applies to other segments.
- MaxHeight_A – maximum allowable height of segment A in pips. A value of 0 disables this option. The same applies to other segments.
- MinCandles_A – the minimum number of candles on the segment A. The same applies to other segments.
- MaxCandles_A – maximum allowed number of candles on segment A. A value of 0 disables this option. The same applies to other segments.
- PastBars – the number of completed bars used by the indicator.