I have this EA idea that revolves around numbers, in fact only one number, .
Here are the basics.
It all revolves around a Trend Line.
In fact I believe you called it Jack's Trend Line.
A Horizontal TL is called TL0 and is also the trailing stop loss
A picture is worth a thousand words.
The trend line length can vary between 14 to 20 candles
I use 18 candles on a one hour chart.
The X distance is between 5 - 10 pips. (X distance is TL0 + 5 - 10 pips)
JPY pairs, that number is between 50 - 100 pips.
The Stop loss is between 5 - 10 pips.
JPY pairs, that number is 50 -100 pips
Top and bottom number are the same, this is TL0
TL0 Add the X distance in pips (between 5-10 pips).
TL0 + 5 --10 pips
A market Buy/Sell trade is placed
Max value hits trailing stop loss.
Max value minus 5-10 pips)
The market Buy/Sell order is closed.
Close Order number minus/adding X distance number (between 5-10 pips)
Open opposite Buy/Sell trade.
If that close order number minus/adding X distance number is not reached , the trend is linear, nothing will happen until the X distance
TL0 -/+ 5 is reached and either a Buy or Sell order will be placed.
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