Citation:
Let’s dive into the topic of "50 pips a day" from a different angle. Many of us know that when the market is flat and the price consolidates, the moving averages get tangled up like spaghetti. But don’t let that confuse you! A big move is brewing, and I suggest we grab a slice of that action while it's ripe for picking. I recently stumbled upon the i-CA indicator, which I find much more user-friendly for placing stop-losses compared to traditional moving averages. Sure, there might be other benefits, but I haven’t explored them all just yet.
By request from my trading buddies over at Alpari, I’ve built the e-CA-5 Expert Advisor (EA) that triggers on a breakout of one i-CA line. Initially, I thought one line wouldn’t cut it for a guaranteed profit, so I decided to add two more lines with varying parameters. Check out the results!
Attention: This EA is designed to work with the i-CA indicator.
Input Parameters:
externdouble TakeProfit =60;externint StopLoss =40;externdouble Lots =0.1;externint Trailing =0;externint Step =0;externint MA.Period=35;externint MA.method =0;//MODE_SMAexternint sigma_b=5;externint sigma_s=5;
e-CA
An Example of Working:
Also, don't forget to check out the attached Zip file for more details!
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