This EA Works Based on the Price Channel Stop V1.3 Indicator. The price Channel stop Indicator is similar to Moving averages, but here it calculates the Risk % ( Percentage ).

• Indicator Channel Period: Number [ N ] of candles to check the average price
  
  Formula: 

• Upper Channel =  High [ N ] - ( High [ N ] - Low [ N ] ) * Risk

• Lower Channel =  Low [ N ] + ( High [ N ] - Low [ N ] ) * Risk
  
  

• Risk: Percentage %
  Example: 30% risk = 0.3
  
  

EA Functions: 

EA Buid with 2 Sets of Price channel stop indicator Main Trend & Internal Trend Finder.

Main Trend: High Timeframe channel period ( Example: 21-period channel ) is to check over the trend in applied chart/currency. 

• Indicator_file: Price Channel Stop indicator file name ( can only support Updated Versions of Price Channel Stop indicator ).

• Indicator_Period: Price Channel Stop indicator Timeframe - can select higher timeframes for better or higher timeframe trends 

• Channel Period: Indicator Period.

• Risk: Indicator Risk

• MaxTrade: Max open trades for the current cycle.

Internal Trend: Lower the time frame channel period ( Example: 09-period channel ) to open multiple trades in the same trend.

• Activate_EA2: Enable or Disable the 2nd/inter-trend indicator.

• Channel Period: Indicator Period.

• Risk: Indicator Risk

• EASignalType: 2nd EA trade opening conditions based on indicator signal, this function only opens trade based on the Main trend direction. 

• TrendSignal: Open trade when Main Trend and Internal Trend are in the same direction.
  Example: Buy signal ( Main Trend [ UP Trend ] & Internal  [ UP Trend ] ).
  
  

• ReversSignal: Open trade when the Internal Trend is down.
  Example: Buy signal ( Main Trend [ UP Trend ] & Internal [ Down Trend ] ).
  
  

• Both: Open trade when the 2nd indicator gives a signal.
  Example: Buy signal ( Main Trend [ UP Trend ] & Internal [ UP Trend or Down Trend ] ).

Takeprofit & stoploss:

• Stoploss: Stoploss can be selected to multiple functions.

• No_Stoploss: Without stoploss EA will open trades.

• Fixed_Stoploss: Stoploss_pip Fixed pips of Stoploss value input.

• Prev_No_Bars: Stoploss_Bars Previous Number Bars High/Low as stoploss.

• Channel_Stop: Main Indicator Price channel value as Stoploss.

• UseProfitTrail: Enable or Disable Trailing stoploss, TrailingStop value.

• UseTakeProfit: Enable or Disable TakeProfit, Takeprofit value.
  
  

Reverse Trend Exit Orders: Enable or Disable function

When the Main Trend Indicator changes the Trend signal EA will close exits all open trade, by the previous trend.

Time  Filter:

Time filter for activating EA is a specific timezone.

• Time_Filter: Enable or Disable.

• Start_time: EA Activation time. 

• End _time: EA Disable time period or end time of trading

•   1702967511TopGear V2.45 .ex4
•   TopGear V2.45 EA