Multi Time Frame Trader
Topic: Multi Time Frame Trader
This EA looks at (3) time frames and determines either to short or to long a trade based on the highest time frame. This EA accesses the !LinRegrBuf indicator and determines the trend/slope for M1, M5, and H1 time frames.
If the H1 trend/slope is heading in a positive direction(+), then the EA waits until M5 is oversold, and M1 is oversold, then the EA enters a long trade. M5 and M1 oversold conditions are determined by waiting until the iLow of M5 and M1 is lower then the respective supports of the !LinRegrBuf indicator on M5 and M1 time frames. The takeprofit of the long order is the center line of the !LinRegrBuf indicator on a M5 chart. The stoploss of the order is half of the takeprofit.