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Obaforex TrendLine Trader

30 USD

Versione demo scaricata: 48

Pubblicato: 22 settembre 2020

Versione attuale: 1.50

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Obaforex TrendLine Trader

Utilità
OBAFEMI BABATUNDE DESMOND Obafemi
Versione: 1.50
Aggiornato: 2 gennaio 2021
Attivazioni: 10

Obaforex TrendLine Trader is a tool developed to improve trading with trend lines.

This tool is highly functional and yet extremely simple and safe to use.

Simply draw trendlines and make them active for trading by renaming them based on what purpose you want them to serve.

buy (to open a long trade based on the named line)

sell (to open a short trade based on the named line)

buytp (to close a buy trade at a price higher than current market price)

buysl (to close a buy trade at a price lower than current market price)

selltp (to close a sell trade at a price lower than current market price)

sellsl (to close a sell trade at a price higher than current market price)

Features automatic lot calculations using money management.

Take Profit, Stop Loss, Trailing Stop, Minimum pips to break and Maximum pips to break should all be set in pips, conversion to points for 5 digit brokers will be handled internally. Also they can be set to zero to not use them

Minimum pips to break is the amount of pips by which a candle close must break a trend line for a trade signal to be valid.

(note: if this condition is not met, ea waits for the next candle close to check if this condition is satisfied)

Maximum pips to break is the amount of pips that the difference between a breakout candle and its trendline must not exceed for a signal to be valid.

(note: if this condition is violated ea waits for a correction with candle close within the acceptable break range to enter trade)

Only one trade will be triggered by each signal line("buy" / "sell"). To take another trade will require that the previous trendline used to trigger a trade be deleted or renamed to something else other than its last signal name before being set back with a valid trigger line name.

General note. This product does not draw lines or tops and bottoms. I strongly recommend downloading the demo version and testing in strategy tester before purchase. Never hesitate to chat me up for questions or enquiries before or after product purchase. Thanks.

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MT4 Alert Signal Trader is an EA that helps you trade MT4 Alert popup. Some indicators can provide signals by showing an alert popup containing signal texts. This EA will read and trade these signal texts. The alert texts should contain at least 2 elements: (1) a symbol text (ex: "EURUSD") and (2) a command type (ex: "Buy", "Sell", "Close") that trigger EA's trading activities. Some other contents that may have or not are open price, stop loss, take profit values... The EA needs an aweso

149 USD

Automatically draws channel base on zigzag, with option to draw zigzag based on candle wicks or close prices. All zigzag parameters can be adjusted in settings, option to display or hide zigzag also available, every other adjustable settings are self explanatory by their name, or at least so I believe. Only download this indicator if you need a program to automatically plot channels for you based on zigzag of any specific settings.

FREE

Seamlessly switch between 13 (9 mt4 default and 4 popular custom) time frame with this tool. Real ease of switching between default and custom time frames. Note indicator does not create custom time frame chart data, it only enables you to switch to and from them. Creating a custom time frame can be done using the default mt4 period converter script attached to a lesser default mt4 time frame. Example attach period converter on M1 and set period multiplier to 10 to have a custom M10 chart.

FREE

Seamlessly switch between different pairs from one window, while maintaining your current chart template across all pairs. This tools simply obtain all pairs in your market watch window and grant you the ease of switching between them from one window while maintaining your current chart setup and all loaded indicators and chart objects across all the pairs available in your market watch window.

FREE

Obaforex Tops & Bottoms is a trading tool born out of a personal need to accurately filter tops and Bottoms and ensure consistency in the way tops and bottoms are picked for technical analysis. Mt4 version https://www.mql5.com/en/market/product/53637 It does not repaint (once top or bottom is printed, it don't disappear) It only prints tops and bottoms after a specified No of bars or candles to the right This tool is expected to significantly improve the decision making of almost any form o

30 USD

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Versione 1.50 2021.01.02

Now lines can be used to easily set dynamic take profit and stop loss at the point of trade entry while lot size (money management) will still be calculated correctly based on the line stop loss.

To use this feature, before a trade is opened draw a trend line, position and name is appropriately according to the parameter you want it to set. Ensure also that the line is extended well enough to the right to enable expert get its value in the future.

buytp sets buy trade take profit
buysl sets buy trade stop loss
selltp sets sell trade take profit
sellsl sets sell trade stop loss

Versione 1.40 2020.11.07

Improved automatic lot size calculations.

Now setting "StrictRiskMan" (strict risk management) to true will guarantee that your your loss does not exceed your set risk, while false ensures optimum lot sizing which may sometimes exceed set risk a bit.

StrictRiskMan(true) = always round down where approximation is required to determine valid lot size.
StrictRiskMan(false) = normal round up or down

Example
accounts balance $2100 at 2% risk with 25pips (250 point) stop loss is naturally suppose to trade 0.168 (an invalid lot size).

For brokers with 0.01 lot step (most brokers falls in this category)
StrictRiskMan(true) will trade 0.16 risking less than 2%
StrictRiskMan(false) will trade 0.17 risking a bit more than 2%

For brokers with other lot step
same approximation approach applies except that your broker lot step is used to ensure valid lot size calculation.

Versione 1.30 2020.11.05

Trailing Stop now include the option to trail directly or in steps, with ability to set step in pips

Versione 1.20 2020.10.24

Added maximum spread filter to improve trade entry price on random spread brokers.

Also this update improves trade handling by allow a trader set in advance how a trade should be entered around specified line. The following options are available.

1. Trade on breakout retest (True) : This will enter trade in the direction of a breakout on retest of the breakout trend line, provided that the distance between a candle close in the direction of the breakout and the broken line exceed minimum pips to break. Also it will perform the function of TradeOnLineTest (True) . (so it's recommended to set TradeOnLineTest (false) if this is true, else minimum pips to break will be ignored asTradeOnLineTest will initiate trade on line test regardless).

2. Trade On Breakouts (True) : This will open trades directly on breakout provided that minimum pips to break is satisfied and maximum pips to break is not exceeded or on any candle open that satisfies all this criteria.

3. Trade On Line Test (True) : This option will open trade on line test. (it will open buy trade on "buy" line if previous candle closed above it, and open sell on "sell" line if the previous candle close below it).

Note: settings Trade on breakout retest and trade on breakout to true simultaneously is most recommended

Versione 1.10 2020.10.04

New Breakeven feature introduced.
This is useful in the even that a trader only wants to breakeven on a trade after reaching some level in profit without trailing stop all the way to avoid getting stopped out on potentially more profitable trades. Set to zero to not use this feature

Also introduced AddToBe (Add to breakeven)
This feature when set to a value greater than zero allows to lock in profits (equals the amount of pips set) by the breakeven option.
Also it increases the amount of profit locked in by the trailing stop option (by the amount of pips set).

This is useful when considering commission on brokers where this is applicable and protecting against negative slippage on stop execution. Also it can be set to zero to not use this option