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):
- 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:
Divergence EA
Moving Average EA
Candle patterns scanner
Pennants and Triangles scanner
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Please find the description and explanation of the input parameters here.
Please check out my other Expert Advisors and inside bars products:
Divergence EA
Moving Average EA
Candle patterns scanner
Pennants and Triangles scanner
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