EAP Helper Indicator

5 jun 2018

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 :)

5 jun 2018

Notas de prensa

Changed pips to display as whole numbers.

5 jun 2018

Notas de prensa

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

27 jun 2018

Notas de prensa

Improved accuracy of SL algo.

27 jun 2018

Notas de prensa

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27 jun 2018

Notas de prensa

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9 jul 2018

Notas de prensa

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

2 sept 2018

Notas de prensa

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

17 feb 2019

Notas de prensa

Minor improvements

17 feb 2019

Notas de prensa

Minor improvements

17 feb 2019

Notas de prensa

Added chart labels to explain numbers