Hi All, I'm thinking about building a ea that combines supply and demand with trendline break. Basically When prices gets to a demand or supply zone, and breaks the trendline, entry should be taken either on the close of the candle that breaks the trendline with body or a retest of the trendline. (See screenshot). Please I would like if anyone can suggest to be anything I can do to make the ea better for consistent results.
Files:
Supply_Demand.PNG
101 kb
- Can any one help me to codeit,will be hot expert with alert
- trendline break,using icustom;
- Trend indicators
salemtrading5:
Hi All, I'm thinking about building a ea that combines supply and demand with trendline break. Basically When prices gets to a demand or supply zone, and breaks the trendline, entry should be taken either on the close of the candle that breaks the trendline with body or a retest of the trendline. (See screenshot). Please I would like if anyone can suggest to be anything I can do to make the ea better for consistent results.
You have mentioned several concepts there Hi All, I'm thinking about building a ea that combines supply and demand with trendline break. Basically When prices gets to a demand or supply zone, and breaks the trendline, entry should be taken either on the close of the candle that breaks the trendline with body or a retest of the trendline. (See screenshot). Please I would like if anyone can suggest to be anything I can do to make the ea better for consistent results.
-supply
-demand
-trend line
-break
-retest
You personally may look at a specific chart and draw a couple of lines of where each is.
If you see a different chart the above concepts may not be so straightforward to draw and define them.
Furthermore each person may have a different view or perspective regarding what zone is and the points a trendline is to be drawn.
Therefore you would need to write down your rules in regards to the above in a way that whoever applies them would come to the same conclusion each time.
salemtrading5: I'm thinking about building a ea that combines
Until you can state your requirements in concrete terms, it can not be coded.
- Supply and demand, vague terms.
- Trendline break, vague term. What trendline; how to you draw it?
- What is a trendline break? Moved above or closed above?
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