This expert opens trade in the direction of the trend (buy for uptrend, sell for downtrend) if a specific rate of average daily range has been exceeded.
Average daily range is calculated by ATR indicator with period of 20 bars.
Default rate is 80 percent. if 80% of average daily range is exceeded it opens trade.
Default stop-loss is daily high for sell order, daily low for buy order.
Default take-profit is remaining part of the average range in pips.
This expert is only for intraday trading, so opened positions will be automatically closed at midnight.
Expert is successful on long body candles, unsuccessful on long tail candles.
Comments are self-explanatory.
Trend: intraday trend.
Average: Daily ATR for 20 bars.
Trigger: level of which trade will open if it is reached.
Rest: remaining part of average range after trigger range is subtracted. also take-profit in pips.
Daily: range between daily high and low.
To High: distance to daily high in pips.
To Low: distance to daily low in pips.
Trade Opened: true if trade is opened.
Range Reached: true if trigger level has been passed.
Seconds Left: seconds left until midnight. 24:00. after reached opened order is closed automatically if sl or tp is not reached.
End Time: time when the opened position will get closed and start new setup at.
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