🚂 "Ride the Trend with Precision – Let the BTC Train Guide Your Entries and Exits!"

📌 Indicator Overview

Name: BTC Train

Version: 1.00

Platform: MetaTrader 4 (MT4)

Display: Main Chart Window

Type: Trend-Following Entry & Stop Signal Indicator

Developer: R.KH 1001

Source: https://www.robomql.com

The BTC Train indicator is designed to identify dynamic trend-based entry and stop levels using a smoothed moving average crossover strategy. It plots potential buy/sell zones directly on the chart with clear visual guidance.

🧠 How It Works

This indicator detects trend direction based on the difference between two smoothed moving averages:

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Trend = SMMA(period N) - SMMA(period N+1)

If the result is positive → Trend = Bullish (Uptrend)

If the result is negative → Trend = Bearish (Downtrend)

Based on the identified trend, it plots:

Entry levels (Buy/Sell)

Stop levels (BuyStop/SellStop)

These lines dynamically adjust based on volatility and recent high/low behavior.

⚙️ Input Parameters

🔧 Trend & Offset Controls

ParameterDescription

UseSpreadOffsetIf true, uses current spread as offset value

ManualOffsetManual fixed offset (in points) if spread-based is disabled

MaxBarsMax number of historical bars to calculate

TrendEMAPeriodBase period for SMMA trend detection

lookbackNumber of bars to scan for highs/lows (stop calculation)

🎨 Visual Settings

ParameterDescription

StopLineStyleStyle for stop lines (0=line, 1=dash, 2=dots)

EntryLineStyleStyle for entry lines

EntryLineWidthLine thickness for entry levels

SellColorColor for sell lines

BuyColorColor for buy lines

📈 Output Buffers (Displayed Lines)

Buffer NameDescription

SellStop[]Dynamic stop loss level for short positions

BuyEntry[]Entry trigger level for long positions

SellEntry[]Entry trigger level for short positions

BuyStop[]Dynamic stop loss level for long positions

🚀 Signal Logic

📌 When Trend is Bullish (Trend = 1)

Buy Entry = High of the next bar (High[i+1])

Buy Stop = Lowest low in the last lookback bars − offset

Sell-related values are ignored or set to empty

📌 When Trend is Bearish (Trend = -1)

Sell Entry = Low of the next bar (Low[i+1])

Sell Stop = Highest high in the last lookback bars + offset

Buy-related values are ignored or set to empty

Offset logic:

If UseSpreadOffset is true, the offset is dynamically taken from the market spread

Otherwise, ManualOffset is used

This provides flexibility depending on the volatility of the trading asset (e.g., BTC or other high-spread instruments).

🛠 How to Use

Apply to Chart: Attach “BTC Train” to any chart and timeframe.

Adjust Parameters: Use appropriate lookback and offset settings for your asset.

Interpret Lines:

Gold Line (Buy Entry): Long entry trigger.

Aqua Line (Sell Stop): Dynamic stop loss for short positions.

Reverse for Bearish Trends: Aqua line marks Sell Entry, Gold for Buy Stop.

Use for Automation or Manual Trading: These levels can be used for trade entries/exits or integrated into an EA for automation.

📢 Developer Information

Developer: R.KH 1001

Source Website: https://www.robomql.com