This indicator is designed specifically for commodity trading. It is more suited to scalping and intraday trading. It will work only on the 15 minute chart. From the indicator setting we can display the target and stop loss. Algorithm trading can be done by setting an alarm. The alarm LE represents long entry and the LX long entry exit. SE represents short entry and SX represents shrot entry exit. There is provision in the settings to maintain the risk reward ratio. The configuration window also contains a condition for setting intraday-timing. The indicator will display the alarm only for the selected time period.The RE:LE and RE: SE represents the re entry positions. The thicker trendline will act like support for uptrend and resistance for downtrend. The smaller trendline will indicates the small changes in the trend and suitable for scalping.
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Updated the alarm settings.
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Updated with a new parameter called 'Risk'. If you choose risk your profit will be high but the profit factor will be low. You can make a small profit without risk, but your profit margin will be high.
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Updated the algorithmic trading logic.
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Updated the algorithmic trading logic. Two extra parameter added in settings which is helpful for risk(high profit low profit factor) trading.
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Update the intraday timings for algo trading.
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Updated the algo trading logic.
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Algo trading square off time error resolved.
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Updated the algo logic.
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Parameter updated with linear regression period.
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Updated the linear regression period interlocks for Algo trading. Now this script suitable for forex and crypto trading too. Just remove the intraday option from settings.
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Updated the algo logic.
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Updated with a new alarm, which will allow traders to exit the intraday algorithm as soon as they reach their target.
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Added quick exit alarm for options.
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Updated the algo trading logic. Linear regression line conditions also will be considered during Algo trading.
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Updated with a new alert system and Money Management. Even free account holders can now do auto trade.
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Updated the syntax for Algo trading with Nextlevelbot API bridge.