Wedge pattern – expert for MetaTrader 4

“Wedge
pattern” naked trading price action EA draws 2 mini Trend Lines with “Fractals” on chart and trades with Wedge pattern 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
:




In
a falling wedge, both boundary lines slant down from left to right. The upper descends at a steeper angle than the lower line. Volume keeps on
diminishing and trading activity slows down due to narrowing prices. There comes the breaking point, and trading activity after the
breakout differs.



Wedge pattern

Wedge pattern








USEMOVETOBREAKEVEN  system
functions like a stop loss








But
a one-time function with a smaller value than the subsequent 

Stop
Loss value
 to lock minimal profit and avoid loss if the price goes against you.








If
you have reached a certain value of pips with the direction of the trade –








  • WHENTOMOVETOBE – When to move break even (values: 10-100).








So
how many pips would you like to move the stop loss above the price line of the open trade-








  • PIPSTOMOVESL – How much pips to move stop loss (values: 10-100).








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″

Get E-Book Worth $100 for Free!!!








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,








You
need to perform back test with “open prices only” option,








The
Trend Line will function as a filter .








In
this situation the probability of winning trades increases.








Inputs








  • USEMOVETOBREAKEVEN – Enable “no loss” break even system (values: 0-1).
  • WHENTOMOVETOBE – When to move break even (values: 10-100).
  • PIPSTOMOVESL – How much pips to move stop loss (values: 10-100).
  • Lots – Lots size (values: 0.01-10).
  • MaximumRisk – maximum risk from total margin in %, (values: 0.01 – 0.3).
  • If “MaximumRisk =0” then “Lot=constant”
  • DecreaseFactor – decrease from total margin if you lose a trade.
  • TrailingStop-set a value from 10 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop
    loss.
  • Stop_Loss – Stop Loss (values: 10-100).
  • MagicNumber – Magic number (values: 1-100000).
  • TakeProfit – Take Profit (values: 10-100).
  • FastMA – Fast Moving Average (values: 1-20).
  • SlowMA – Slow Moving Average (values: 50-200).
  •  Mom_Sell-Momentum_Sell trtrigger(values: 0.1-5).
  •  Mom_Buy-Momentum_Buy trtrigger(values: 0.1-5).








How
to perform back test:

https://bit.ly/2CD7XWD

Wedge pattern back test op

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