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TEAMTRADER

Manually Placed Trendline Alert

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There is a Demark trendline alert but it does not allow the user to set it up to catch all moves against a resitance and a support trendline that are manually placed.

Does anyone know of a trendline alert that is manually placed as BOTH a support and a resistance to get a box alert to say the trendline has been broken?

Thanks for anyone who knows - I've attached the Demark indi in case any clever coders can amend it to become manual and give an alert box.

Regards

TEAMTRADER

DeMark Trendline Trader.mq4

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Thank you Obsidian.

It looks exactly what I need to trigger an EA entry as I already have an indicator that shows where the trendlines should start. These are the yellow dots on the attachment.

I have the idea that if an EA were manually started then it would cut out a lot of the bad trades that EA's have to make automatically.

I'll test it when the markets open and let you know how it performs.

Regards

TEAMTRADER

Obsidian.pdf

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Hi DJohnson,

Are you the DJohnson that is part of the Skype Trade Forex group?

No, they are in the correct place. The setting of the Stochs is important and also it is the target trade for the settings.

Perhaps you thought that it indicates oversold or overbought? This would correct sometimes but the settings of the stoch indicator are to get bigger moves rather than reversals athough it can be used in that way too if that is your target trade.

Regards

TEAMTRADER

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I've retired from trading now and am concentrating on the basics for an EA. Lagging is good sometimes if you are looking for safer, lower risk trades. But there are other times when the indicator does not lag and shows very accurately convergence points. These are like 'patterns' if you know what to look for.

Regards

TEAMTRADER

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