This utility advisor builds a linear regression channel on the chart and opens trades for a breakout or rebound from the channel boundaries. Orders are closed when the price reaches the middle line of the channel. The Expert Advisor can be used as a utility drawing a channel. to do this, you need to disable the advisor in the settings: Trade = false.
About settings: Two points are responsible for plotting the regression channel: the start point of the Last bar, the end point of the First bar. In the settings, you can select the mode of deviation from the regression line – standard: Standart – by Atr for the deviation mode Atr, the period can be selected: PeriodATR for Deviation and the multiplier Atr: MultiplierATR The lot for opening a deal can be fixed: Fix lot or calculated as a percentage of the deposit: Risk There are two modes available for trading (Signal mode): – channel breakdown: channel breakdown – channel rebound: channel rebound Trade entry is filtered by the slope height of the linear regression channel: Сhannel tilt angle It is possible to specify a condition: the angle of inclination is greater (Above the angle) or less (Below the angle) Num.Deal for Martin – position number from which orders with lot will be opened multiplied by the KLot coefficient. StopLoss, TakeProfit – in points, I think there is no need to explain. Profit in $ – when this profit value is reached, the advisor will close all orders of the type go all open.
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