EAP Helper Indicator

2018年6月5日

This is a basic indicator I am developing to assist with testing and trading the new EAP pullback strategy. If you are not a member of the EAP program by Steven Hart, then this indicator will not be helpful to you.

Features:

S/L Calculator

This displays your stop loss values based on an entry from the currently selected candle.

The S/L is calculated by adding the S/L size in pips to the close of your entry candle + the distance to the swing high (or swing low for shorts). By default, the indicator only looks back 3 candles for highs and lows, but this can be changed in the settings.

If the ATR is <= 19, the S/L is 20 pips above/below swings.
If the ATR is >= 20 but <= 29, the S/L is 20 pips.
If the ATR is >= 30 but <= 49, the S/L is 30 pips.
If the ATR is >= 50 but <= 99, the S/L is 50 pips.
If the ATR is >= 100 the S/L is 100 pips.

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I will add more features as I think of them :)

2018年6月5日

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Changed pips to display as whole numbers.

2018年6月5日

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Added coloured legend to indicator chart to demonstrate what the values mean.

2018年6月27日

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Improved accuracy of SL algo.

2018年6月27日

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2018年6月27日

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2018年7月9日

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Added R:R variable T2 to indicator for testing strategies with a target that is wider than its stop loss.

2018年9月2日

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Added option to use ATR stop loss or pip-based stop loss

2019年2月17日

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Minor improvements

2019年2月17日

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Minor improvements

2019年2月17日

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Added chart labels to explain numbers