Add the indcator. You will see channels with entry arrows, red X sl points and green arrows for tp.
Go to the indicator settings and leave only the color green for the indicator, select “none” for the others.
You will see only green tp and sl arrows on the chart.
The EA should do this when applied.
1 At the time of applying the EA wait and when a green LONG tp arrow appears, then place a pending SHORT order at the price. This short order will now look for an opposite green arrow ( a green SHORT tp arrow). Depending on the setting I would like to have “TP green arrow from price” then it will close out at the opposite green arrow set.
2 the logic for this “TP green arrow from price” is like this:
The trade could close out at the closest next tp arrow ( TP green arrow from price” : 1) setting . which is the safest and most likely that price will hit at some poing) a green arrow one further away (2)or one even further. Logic for tp is that price will often times bounce between the green arrows. So close out when a PROFITABLE opposite green arrow trade is opened. And ofcourse visa versa for long trades.
2 Several trades cold be open at the same time long and shorts. All depending on whether price hits the green arrows.
3 A SL and TP variable. These are values for EACH individual trade not the total of all trades
4 an option for spread. “Include spread” TRUE/FALSE. Meaning that price will sometimes hit the green arrows but because of the spread wont open a trade. So if this function set to TRUE and the spread is say 2, then a short order will open at the green arrows price + 2 pips above. And visa versa for long trades.
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