“Triple top and triple bottom” naked trading price action EA draws 2 mini Trend Lines with “Fractals” on chart and trades with Triple top and triple bottom 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:
The triple top is confirmed when the price decline from the third top falls below the bottom of the lowest valley between the three peaks.
This EA trades only with the price of open candle!
Trade volume of a position depends on previous trading results.
It provides the possibility to limit the maximum risk (in % of deposit) of the trade.
If you want to trade with constant lotsize say:0.01 lot ,you need to set “MaximumRisk =0” and “DecreaseFactor=0″
Or else you will have a calculation of Percent (%) of deposit and MaximumRisk.
I combined together a simple EA with two moving averages and Trend Line,
The Trend Line do 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.
This EA trades only with the price of open candle!
If you do not want to trade with increasing lot size when you lose a trade set:”IncreaseFactor=0″
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