WARNING THIS IS NOT AN AUTOMATED ROBOT
This might be old, but very useful. I found this indicator that attaches like an EA, but it is semi-manual. It will draw a channel, which you have to move around to suit you better. The auto-part is when the price hits either upper or lower channel, for example hits the upper channel, it will go short until the price hits the lower boundary, then close and go long. Pretty neat, you can change TP, SL, penetration and lot size. Mind you, if you change time frames, it will redraw. Also if you don’t see it drawn, just turn your MT4 off and on. You can always turn it off or on, depending on market conditions, but I would like to develop a strategy with it.
It’s been very handy lately & I’m looking for some input of people who use it successfuly, what time frame? what TP/SL and penetrations settings. Need to experiment a bit.