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We use this indicator for our trading our trading. We need the EA EDM and LET markts on the charts.
The EA opens a buy or sell order in the right direction. Bullish or bearish EDM / LIT
The EA must open a trade at the moment we see on the example here on the charts above. (purple trades)
EDM or let is formed on the charts-> EA placed a trade with 2 pip sl 3:1RR 5 candel close m1 after the EDM is formed. (or 5 min delay)
The lit helper / EDM indicator on trading view works with the followings things:
It will also show you as a label the EDM (which is simply a divergence with the RSI) that occured 5 candle after it happend, it can be very useful for those of you who trade with this confluence, you will directly have it on your chart.
If you don't use it, you can also disable it in the settings.
The LET (which are a rebound on the EMA) are shown like the EDM and can be disable too if you don't use it, they will here depend of the EDM (i.e the script will look for a LET only after an EDM occurred, if there is no EDM, they will not be visible).
We want to change this value’s so we can find a sweet spot for the ea to do this.
Is it also possible to show the EDM and LET tags on the chart in MT5?
I have a indicator that they use for mt5 as a helper. It shows the line with the moving average and RSI a a line.
So the EDM which is simply a divergence with the RSI) that occured 5 candle after it happend
The LET: (which are a rebund on the EMA
So we can change this to 3 pip SL 5:1RR ETC
Example of the lit helper line:
LET = bounch of line
EDM = a divergence with the RSI) that occured 5 candle after it happend
See screenshot here above for value’s
You can look at the tradingview indicator to see what the ea needs to see. I don’t know the excat things its all in the description
EDM It’s a RSI divergence 5 candels back
LIT Moving average - moving away from momentum line.
|Trading options|
Trading EDM Only
Trading LET Only
EDM + LET
|Hedging| On / Off
hedging LET: On / Off
Hedging EDM: On / Off
| RSI / Midband Settings |
RSI Period:
Mid band Period:
HH/LL:
Left Bars:
Right Bars:
Max timeframes to display
| Delay option: |
Use delay EDM: True / False
Delay amount EDM: x seconds after EDM formed
Use delay LET: True / False
Delay amount LET: x seconds after LET formed
|TP size|
TP size: x Pip value to choose
[SL size]
Sl size : x Pip value to choose
|Move SL to BE after x pips in profit|
Move SL to + x pips when x pip in profit
(need to change the pips so need to be coded as x value so we can change)
Example: move SL to 0,7 Pips after 15 pips profit SL will move to 0,7 pips in profit after being 15 pips in profit
[Lotsize method: Fixed lotsize or Risk % of balance]
Lotsize fixed lotsize or risk % of balance option: (dropdown)]
Fixed lotsize: x
Balanse %: x
Note: We want to lotsize to be risk % of balance or a fixed lotsize option.
| Custom Trading sessions: |
Session 1: True / False
Sessions 1: time start:
Session 1: time stop:
Session 2: True / False
Session 2: time start:
Session 2: time stop:
Session3: True / False
Session 3: time start:
Session 3: time stop:
Action at end of session: Wait for sequence to close.
Action at end of session: Close all trades.
| Trailing SL on / off |
Trailing SL target 1: x % profit
Trailing SL target 2: x % profit
Trailing SL target 3: x % profit
| Partials on / off |
Partial target 1: Take % partial when % in profit
Partial target 2: Take % partial when % in profit
Partial target 3: Take % partial when % in profit
| Max Drawdown: % of balance – or $ (dropdown) |
Max drawdown %:
Max drawdown €:
|High impact news filter|
Works with: https://nfs.faireconomy.media
High impact news filter: True / False
Medium impact news filter: True False
Low impact news filter: True False
Minutes to stop before news: x value
Action when stopped EA:
Close all trades and disable EA
Manage open trade sequence
Pause open trades sequence
Yanıtlandı
1
Derecelendirme
Projeler
205
80%
Arabuluculuk
18
33%
/
44%
Süresi dolmuş
10
5%
Çalışıyor
2
Derecelendirme
Projeler
25
28%
Arabuluculuk
2
0%
/
0%
Süresi dolmuş
1
4%
Yüklendi
3
Derecelendirme
Projeler
97
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Arabuluculuk
10
20%
/
20%
Süresi dolmuş
12
12%
Çalışıyor
4
Derecelendirme
Projeler
0
0%
Arabuluculuk
0
Süresi dolmuş
0
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