Eliot Waves
“Eliot Waves” EA draws 2 Trend Lines with “zigzag” on chart and trades When a Eliot retracement is formed,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.
- 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″
- 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
- 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: 25-100).
- Stop Loss In Money(in current currency) (values: 1-20).
- Loss Index (values: 1.1-2).
- ————————————————————————————
- Lots – Lots size (values: 0.01-1).
- Lots size Exponent (values: 1.01-2).
- IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
- Stop_Loss – Stop Loss (values: 30-500). /set value 600 for Multiple Trades
- MagicNumber – Magic number (values: 1-100000).
- TakeProfit – Take Profit (values: 50-200). /set value 600 for Multiple Trades
- FastMA – Fast Moving Average (values: 1-20).
- SlowMA – Slow Moving Average (values: 50-200).
- Mom_Sell-Momentum_Sell trigger(values: 0.1-0.9).
- Mom_Buy-Momentum_Buy trigger(values: 0.1-0.9).
- ———————CONTROL DRAW DOWN—————————–
- UseEquityStop -(values:true/false).
- TotalEquityRisk- (values: 0.01-30).
- ——————————————————————————
- Max_Trades(1-12).
- ——————–IF YOU USE ONLY 1 TRADE:————————-
- //////////////////////////////////////////////////
- USETRAILINGSTOP-If use trailing stop (values:true/false).
- WHENTOTRAIL-When to trail (values: 40-100).
- TRAILAMOUNT-Trail amount (values: 40-100).
- Distance From Candle -Distance From Candle (values: 1-100).
- USECANDELTRAIL=If use candle trailing stop (values:true/false).
- X=2-number of candles (values: 1-100).
- Enable “Break Even” -(values:true/false).
- When move “Break Even”- (values: 5-30).
- How much pips move- “Break Even” (values:5-30).
-You should optimize this EA every few months and use the exact same inputs from above .
-You can use it as hedging grid EA or a single trade EA.
-How to perform back test:https://bit.ly/2CD7XWD
