Break the trend line and determine the floor higher than the previous one
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Hello
How do I fix this?
Determine the up1, up2, lo1, lo2 points
And should I draw a line from up 1 to up2 so that the price of lo1 continues?
I know that I should use market properties, but how?
Please help -
@h-a
There are plenty ways of automatically defining bottoms and tops, one can be with the "new top in trend" block I guess.
We can't know for you what to do if you don't tell us what "strategy" you want to exploit. If it is a "trend line breakout bottom retest whatever", I guess you should drawn that line.
Just be aware you will loose money with it. -
1- We specify low 1, low 2
2- low 1,2 < ma 50
3- We specify up 1 and up 2
4- We draw a line from up 1 to up 2 and to the lowest price lo 1
5- The interval between lo2 and up 1, the candle that is green and has the largest volume and is below up 2, we determine the buying area.
5-1- If there was another candle in the specified area that was close to the maximum volume, we will buy it in the same area.
6- We can place a purchase order in 4 parts of volume 1 or volume 2 candles
6-1- If two candles were large, then we have 8 prices (H.L.O.C), we can use the martingale method
7-SL We place a few pips lower than the lowest available price at the lo 1 floor
8-TP should be a bit lighter than up 1 or variable
If we don't want to use the martingale method
We go to a lower time frame (H 1)==>(m 15)
Then we repeat step 4, which was to draw a diagonal line
And we do step 3 and 4 again and set minute up2 point as entry point and set SL, TP as before. -
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@h-a said in Break the trend line and determine the floor higher than the previous one:
1- We specify low 1, low 2
2- low 1,2 < ma 50
3- We specify up 1 and up 2
4- We draw a line from up 1 to up 2 and to the lowest price lo 1
5- The interval between lo2 and up 1, the candle that is green and has the largest volume and is below up 2, we determine the buying area.
5-1- If there was another candle in the specified area that was close to the maximum volume, we will buy it in the same area.
6- We can place a purchase order in 4 parts of volume 1 or volume 2 candles
6-1- If two candles were large, then we have 8 prices (H.L.O.C), we can use the martingale method
7-SL We place a few pips lower than the lowest available price at the lo 1 floor
8-TP should be a bit lighter than up 1 or variable
If we don't want to use the martingale method
We go to a lower time frame (H 1)==>(m 15)
Then we repeat step 4, which was to draw a diagonal line
And we do step 3 and 4 again and set minute up2 point as entry point and set SL, TP as before.
image url) -
The problem is defining those highs and lows. They are visually easy when the chart is looking at the past, but how can the bot now that LO2 is LO2 at the moment the candle there is in formation?
