Linear Regression Channel - expert for MetaTrader 4

Linear Regression Channel – EA MetaTrader 4

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Linear Regression Channel EA draws “Linear Regression Channel”Β  on chart and trades with its trend,has Trailing Stop Loss &Take Profit works best on all time frames major forex pairs and stocks NASDAQ.

Try it on demo first.

You choose how to trade: only with the price of open candle or every tick !

If you do not want to trade with increasing lot size when you loseΒ  a trade set:”IncreaseFactor=0″

I put together a simple EA with two moving averages and Linear Regression Channel,

The Linear Regression Channel do not work on test mode,

The optimization tests can be performed only with moving averages,

In live trading only, Linear Regression Channel and moving averages will work together,

During tests, the EAΒ  only draws the Linear Regression Channel on the screen in a visual mode without considering it in the creation of trades,

The Linear Regression ChannelΒ will function as a filter .

In this situation the probability of winning trades increases.

Inputs

  • Β Use_TP_In_Money–Β Use Take Profit In MoneyΒ (values:true/false).
  • Β TP_In_Money–Β Take Profit In MoneyΒ Β Β (values: 10-100).
  • Use_TP_In_percent-Β Use Take Profit InΒ PercentΒ (values:true/false).
  • TP_In_Percent–Β Take Profit InΒ PercentΒ (values: 10-100).
  • ————[Money Trailing Stop For Multiple Trades]———————-
  • Enable_Trailing-Enable_Trailing with moneyΒ Β (values:true/false).
  • Take Profit In Money (in current currency)Β (values: 25-300).
  • Stop Loss In Money(in current currency)Β (values: 1-20).
  • ————————————————————————————
  • ——————————————————————–
  • Channel length = FIBOCHANNEL LENGTH (bars) (values: 3-50).
  • Channel color Β (values: colors ).
  • ——————————————————————–
  • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
  • tick=If “tick”=false-every tickIf “tick”=true -open pricesΒ  (values:true/false).
  • IncreaseFactorΒ -how much to increase lots from total margin if you lose a tradeΒ (values: 0.001-0.1).
  • CandlesToRetrace=Num.Of Candles For Divergence (values: 3-50).Β 
  • LotsΒ – Lots size (values: 0.01-10).
  • Lots size ExponentΒ Β (values: 1.01-2).
  • IncreaseFactorΒ -how much to increase lots from total margin if you lose a tradeΒ (values: 0.001-0.1).
  • TrailingStop-set a value from 10 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop loss.
  • Stop_LossΒ – Stop Loss (values: 10-100). Β /set value 600 forΒ Β Multiple Trades
  • MagicNumberΒ – Magic number (values: 1-100000).
  • TakeProfitΒ – Take Profit (values: 10-100). Β /set value 600 forΒ Β Multiple Trades
  • FastMAΒ – Fast Moving Average (values: 1-20).
  • SlowMAΒ – Slow Moving Average (values: 50-200).
  • Β Distance-Distance between two averages (values: 10-60).
  • Β Mom_Sell-Momentum_Sell trtrigger(values: 0.1-5).
  • Β Mom_Buy-Momentum_Buy trtrigger(values: 0.1-5).
  • ———————CONTROL DRAW DOWN—————————–
  • UseEquityStopΒ –Β  (values: true).
  • TotalEquityRisk- (values: 0.01-20).
  • ——————————————————————————-
  • Max_Trades(1-12).Β 
  • IF YOU USE ONLY 1 TRADE:
  • //////////////////////////////////////////////////
  • USETRAILINGSTOP-If use trailing stopΒ (values:true/false).
  • WHENTOTRAIL-When to trailΒ (values: 40-100).
  • TRAILAMOUNT-Trail amount (values: 40-100).
  • Distance From CandleΒ -Distance From CandleΒ (values: 1-100).
  • UseEquityStopΒ –Β  (values: true).
  • TotalEquityRisk- (values: 0.01-5).
  • USEMOVETOBREAKEVEN-Enable ”Β break evenΒ ”Β (values: true/false).
  • WHENTOMOVETOBE-When to move break evenΒ (values: 1-30).
  • PIPSTOMOVESL=30-How much pips to move stop lossΒ Β (values: 1-30).
  • //////////////////////////////////////////////////////////////
Alternative:  TrendPaint - indicator MetaTrader 5

    How to perform back test:https://bit.ly/2CD7XWD
      Linear Regression Channel – expert for MetaTrader 4
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