Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-MonthĬopy and paste the Andrew’s Pitchfork.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform. Input Parameters: PITCHFORK length (bars), PITCHFORK color, Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Momentum_Sell, Momentum_Buy The largest winning trade generated $2433.48 in profits while the largest losing trade generated a loss of-$786.99.ĭownload the “Andrew’s Pitchfork.ex4” Metatrader 4 robot The EA made a total profit of $18153.62 from a total of 138 trades. Once a trend is confirmed, the Andrews Pitchfork expert advisor selects three points which represents three consecutive peak and troughs.Ĭertainly, the Andrews Pitchfork forex robot can be used to trade breakouts above the upper trend line and breakouts below the lower trend line.ĭownload the “Andrew’s Pitchfork.mq4” MT4 robotįind below the Andrews Pitchfork forex robot strategy tester report for the EUR/USD forex pair on the Daily chart. The EA draws the Andrews Pitchfork (yellow dotted lines) on the screen upon activation.

These lines are critical in plotting levels of support and resistance, along with likely breakout points. The Andrews Pitchfork Metatrader 4 Forex Robot is an automated forex trading software that employs a set of logic that hails from the use of three parallel trend lines. This indicator can also be used with any currency pairs.0 Andrews Pitchfork Metatrader 4 Forex Robot He runs a website (unfortunately, it focuses more on Gann and planetary stuff) but I enjoyed reading his book 'The Best Trendline Methods of Alan Andrews and Five New Trendline Techniques' and strongly recommend it.

The Andrew pitchfork trading system can be used with any forex trading system. Hi all, I have not seen this posted on this thread (apologies if I missed it) but theres another median line expert : Patrick Mikula. The down price size tells there is no change in trend and the up price tell that there is a strong change in the trend. When the crust ups the price value goes on peak and when the trough moves down the price value comes down on the base line. The increment in price and decrement tells that how much the trading step will prove better or wrong for the next trading. But when the trough line moves down then the price decrease. Here the crust and trough concepts apply that when the crust line moves up it indicated the sign of the profit. The graph lines of this indicator moves up and down in the chart. It tells us the possible trend direction according to the situation.

This is used for identifying that how much buy and sell points and how can we can move towards a good and beneficial trend strategy. The traders use it for the exact step for the trading. The Andrew’s Pitchfork Trading System indicator is used to increase the accuracy of the trading.

Andrews pitchfork mt4 help