“Head and Shoulders” naked trading price action EA draws 2 mini Trend Lines with “Fractals” on chart and trades with Head and Shoulders strategy,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.
The concept of this price action EA is:
Head and Shoulders is confirmed when the price decline from the third top falls below the bottom of the lowest valley between the three peaks.
I combined together a simple EA with two moving averages and Trend Line,
The Trend Line does not work on test mode,
The optimization tests can be performed only with moving averages,
In live trading only, Trend Line and moving averages will work together,
During tests, the EA only draws the Trend Line on the screen in visual mode without considering it in the creation of trades,
The Trend Line will function as a filter .
In this situation the probability of winning trades increases.
Try it on demo first.
You choose how to trade: only with the price of open candle or every tick !
If you do not want to trade with increasing lot size when you lose a trade set:”IncreaseFactor=0″
Inputs
Use_TP_In_Money– Use Take Profit In Money (values:true/false).
TP_In_Money– Take Profit In Money (values: 10-100).
Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
TP_In_Percent– Take Profit In Percent (values: 10-100).
————[Money Trailing Stop For Multiple Trades]———————-
Enable_Trailing-Enable_Trailing with money (values:true/false).
Take Profit In Money (in current currency) (values: 25-300).
Stop Loss In Money(in current currency) (values: 1-20).
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