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Breakout Bars Trend EA

Breakout Bars Trend EA

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The meaning is in the following:
  • the position opens in the trend reversal. If the "Number of false signals" parameter is equal to zero, the position opens on each reversal. If this parameter is more than zero, the position will be opened only if the current reversal trend preceded the set number of false signals.
  • position closes either when trend changes its direction, or stop loss/take profit.
The signal is considered to be false if the distance in pips from close price of the first bar of the trend to the close price of the next trend is negative. The example of the false trend to sell (close[prev] - close[next] < 0, for the false trend to buy close[next] - close[prev] < 0):

2355062
Author
Salvador
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