High and low E.A
1 replies
msophe
5 years ago #234009
HI
I want to create E.A with the following condition :
I will use Higher Higher(HH) and Higher Lower(HL) and vice versa.
I have attach screenshot which explain better , and the following are there explanation of this screenshot.
as can see :-
there line A,B,C,and D
When line CD break point B should open buy position.
And TP and SL , is as follow, when position open the fibonace should draw from high point B and lower point C , and TP should target at
fibonance 161.8 and SL at fibonance 0.0
note : the E.A should Identify higher high of point A and higher lower of point B lower lower of point C
Thanks for your time
tomas262
5 years ago #234019
Hello,
you trying to transfer a discretionary approach to an automated EA. This is very hard and I do not believe you can achieve consistent results with such approach. How would you identify A, B swings?
I have attached two example on detecting swing points you can refer to
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