The EA does not use any indicators – only the current price and the OHLC of zero bar (the rightmost bar in the chart).
Working algorithm: As soon as the price rolls down from the High at the Rollback rate distance and we are within the new bar – it is a signal to open a BUY position; if the price moves above the Low at the Rollback rate distance and we are within the new bar – it is a signal to open a SELL position.
In the parameters, you can enable trailing and reversing signals for opening positions.
Inputs
Lots – position volume;
Stop Loss – Stop Loss;
Take Profit – Take Profit;
Trailing Stop – trailing;
Trailing Step – trailing step;
Timeframe – timeframe, from which OHLC and bar opening time are taken;
Rollback rate – rollback from the price;
Reverse signal – reverse flag of signals for opening positions;
