Triple-Top and Triple-Bottom Price Action EA with Moving-Average Filters

Summary

This document describes an automated price-action strategy built around triple tops and triple bottoms. It defines a triple top confirmation as a decline from the third peak that breaks below the lowest intervening valley. The EA combines fractal-based chart lines with two moving averages, and treats the trend line as a live-trading filter. It is described as trading at the open of a candle and includes configurable take profit, stop loss, trailing stop, break-even, equity drawdown controls, trade limits, and an option to increase position size after losses.

The document has important testing limits: trend-line logic is not incorporated into optimization tests, which use moving averages alone; visual test mode only draws the line. It recommends trying the EA on a demo account but supplies no verified performance results. The loss-based lot increase, multiple-trade settings, and numerous risk parameters can materially affect exposure. The described availability for forex pairs and NASDAQ stocks does not establish suitability across those markets or timeframes.

Key ideas

• A triple top is confirmed when price falls below the lowest valley between the three peaks.\nThe EA combines fractal-based trend lines with fast and slow moving averages.\nTrend-line filtering is described as operating in live trading, not in optimization tests.\nRisk controls include stop losses, trailing stops, equity limits, and configurable position sizing.\nThe document provides no verified results and advises demo use before live trading.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.