Non stop numerical trading EA using only a Trend line

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.

Skills: Mathematics, Physics, Statistical Analysis

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