Inside bar price action. Inside bar must be completely engulfed within mother bar (mother bar is indicated as bar 2 in inputs). Stop orders will be placed after the formation of the inside bar at the top and bottom of the mother bar.
Inputs:
Interval from bar 2 – the distance of placing stop orders from the top and bottom of the mother bar.
Lot Size – volume of the trade.
Take Profit – multiple of the size of the mother bar.
Stop Loss as % of mother bar – adjust the stop loss of the stop orders in proportion to the size of the mother bar. 0 means stop loss is the size of the mother bar, 50 means stop loss at half of the size of the mother bar.
Magic number – for magic mike.
Slippage – slippage
Expiration Hour Order – the expiration of the stop orders after they have been placed.
Bar 2 Size minimum – the minimum size of the mother bar.
Bar 2 Size maximum – the maximum size of the mother bar.