Hello, I want to make EA that opens trades when price crosses above upper DeMark Line (long) or below lower DeMark line (short) evaluated at open of new candle. Is this possible? This rudimentary EA I made does not work.
The second part of the question is this. The DeMark Lines indicator itself seems to work perfectly and sends me email alert at bar close. Does anyone know of a way I can use this emailed mt4 alert to automatically open/close trades?
Further to the above, if its not possible to use the demark trendlines as the basis of the EA can a strategy be made using EAWizad which draws a trendline between the two most recent upper and lower fractals which EA can recognize and open trades when the trendline is crossed at the open of the new candle.Attachments in this forum are visible only for registered users.Attachments in this forum are visible only for registered users.
I also cannot make the indicator work in Wizard. Wizard identified two buffers – Buff1 and Buff2 but these do not provide any values (prices) to setup a condition. I will try to test it once more if any solution existsAttachments in this forum are visible only for registered users.
Thanks, Tomas, also keen to know if its possible to use Wizard to draw lines between two most recent fractals ( both upper and lower) that can then be used to open and close trades based on cross of these lines.
It would be great if the DeMark indicator could be made into an EA because I think it has great potential. I’ve searched everywhere and seems to be nothing out there. For general interest I attach this PDF discussing use of the Demark trendlines.
Cheers, BrettAttachments in this forum are visible only for registered users.
find the example in the topic here https://strategyquant.com/forum/topic/7309-detect-trendline-cross-for-trade-entry/
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