Trading Planner

Semi Automated EA as your trading assistant.

... Continuation of the description page.

Revision

This is example how #TradingPlanner is working in markets:

GBP/USD has reached Resistance 0 (R.0) means first level of current Resistance, and #TradingPlanner automatically open position Sell.

Target is expected to Next current Support level. 

GBP/USD target hit. 

And next trading plan is to wait on Resistance 0 (R.0.a and R.0.b), first level of current Resistance on that time.

If price reaches those levels then #TradingPlanner will open new Sell positions.

Market moves fast, and reaches first level of Resistance that catched by #TradingPlanner

with immediately put stop-profit as breakeven for safety.

Position Sell is better on top (means at Resistance). 

#TradingPlanner

• Command in objects.
• Rename object name to a command as your plan that will be executed by EA.
• EA will perform your command when price reach the object properties.
• Dynamic, following trendline angle.

Here is an example how to work with Trendline to define Support & Resistance.

• Number 1 and 2 is pointed by you.
• And then, EA will execute step 3 automatically and dinamically following trendline angle.
• ...
• Please tell me when you own Trading Planner.
• I will send you some tips in detail to draw trendline, to determine stronger Support/Resistance.
• ...
• Position Sell is better on top, and Buy at bottom.
• This is why Trading Planner has been created.

#TradingPlanner

Input parameters:

#TradingPlanner

If you would like to make combination trades with Fibonacci levels :

• Draw your own Fibonacci.
• Rename object name to "fibo" (without double quote)
• EA will perform your fibonacci points when price reach the object levels.

** Note : Each level can be deleted.

#Trading Planner

If you would like to make combination trades with Horizontal line :

• Command in objects.
• Rename object name to a command, see description in table below.
• EA will perform your command when price reach the object properties.

** Note

Example again about  "How previous Support line become New Resistance"

You can download and try it :) 

#TradingPlanner

• Command in object Trendline
• Rename object name to a command as your plan that will be executed by EA.
• EA will perform your command when price reach the object properties.
• Dynamic, following trendline angle.

If you would like to make combination trades with Horizontal line :

• Command in object Horizontal line.
• Rename object name to a command, see description in table below.
• EA will perform your command when price reach the object price.

Input Parameters

• Magic number -  Unique number is intended to be used for trade identification. EA will manage all positions that have same magic number as a group of trading management that defined in input parameters. Default is 0.
• Automated Trading Plan -  Generating a  trading plan automatically, will available in version 3 EA become fully automated when input parameter is true. Default is false.
• Trade for buy -  Allow EA open buy position. Default is true.
• Trade for sell -  Allow EA open sell position. Default is true.
• Use pending order - if false, then new position will be performed immediately by EA when price reaches trendline, if true, then EA will create new position by placement a limit order (buy-limit/sell-limit) when price reach "Range of pending order" before price hit trendline. Default is false.
• Range of pending order (pips) - How many pips range EA will open limit order before price reaches trendline.  Default is 30.
• Pips adjustment below or above trendline as limit order - As we know that pending order only will be opened by broker after price and its spread reached limit position. This value is use for make sure pending order could be opened by broker after spread. Default is 2.
• Slippage - If slippage occurs suddenly, how many pips the slippage permitted before EA opening new positions. Default is 3.
• Trade comment - Your personal comment will be written in your trades. Comments will be displayed in terminal after right-click on it and Comments has been checked. Default is empty.
• Default starting size of volume (lot) - Starting volume (lot size) as default for first new position. Default 0.01
• Allow increments - Allow increments of lot when EA balancing positions (if there are more than 1 opened position with same magic number). Default is true.
• Lot increments - Default lot as increments. Example : if your default lot is 0.01, and current increments is 0.01, and the 1st position is still available, then the 2nd position will be opened with 0.02 (previous lot + increments). If lot increments is 0, then 2nd position will have same volume with 1st position. Default is 0.
• Lot multiply by - Number multiplication. If "Allow increments" is false, then size of volume for next new position will be multiplied with this numeric. Example: if 1st position is 0.01 and 1st position is still available, then next new position is 0.02 (previous lot x 2).
• (Buy) Use breakeven (stop-profit) - This is for safety for buy position. if yes, then EA will modify s/l become s/p (stop-profit) after position up and reaches "Range pips before breakeven". Default true.
• (Buy) Pips range before breakeven - Pips range before EA modify stop-profit for buy position. Default is 30.

Example :

Buy position was opened at 1.0740

Then EA will modify s/l at 1.0743 as stop-profit after price reaches 1.0770

• (Sell) Use breakeven (stop-profit) - This is safety for sell position. if yes, then EA will modify s/l become s/p (stop-profit) after position goes down and reaches "Range pips before breakeven". Default is true.
• (Sell) Range pips before breakeven - Pips range before EA modify stop-profit for sell position. Default is 30.

Example :

Sell position was opened at 1.1330

Then EA will modify s/l at 1.1327 as stop-profit after price reaches 1.1300

• Pips default as stop-loss - Default stop-loss in pips. Default is 0.
• Pips default as target - Default target in pips. Default is 150.
• Dinamic target Buy by trendline - EA will modify t/p follow trendline angle for position target. Trendline name is "close.buy". Default is true.
• Dinamic target Sell by trendline - EA will modify t/p follow trendline angle for position target. Trendline name is "close.sell". Default is true.
• Automatic balancing positions - if true then EA will manage positions until balance for 2 positions or more in a same magic number, to one destination of target. Default is true.
• How many trades was opened to start balancing position - EA will manage until balance for amount of positions here. Default is 2.
• Display detail (left panel) - Display left panel for information in detail. Default is true.
• Show trading account - Trading account will be displayed in left panel. Default is true.
• Show account balance - Account balance will be displayed in left panel. Default is true.

• Delete Sell line order after price hit buy order - All trendline with command sell order will be deleted after price hit buy order. Default is false.
• Delete Buy line order after price hit buy order - All trendline with command buy order will be deleted after price hit sell order. Default is false.

This is example how to trade with Trading Planner 2.81 (real account)

https://www.mql5.com/en/blogs/post/683488 

• Even on strong down trend, markets still always waiting on Resistance before to continue to sell again NZD/USD.
• Because they need gain profit selling anything from higher price.
• This is current Resistance for NZD/USD based on Trading Planner. 
• The resistance is dinamic, follow trendline angle. 

• Manually, we can draw trendline like that and just waiting until price reaches trendline then sell.
• If we don't have time to wait on screen for each pair we trade, we can use Trading Planner to do that as assistant on VPS :)
• How if price doesn't reaches those resistance? Just wait another moment at another pair. Because better to place sell position is on price as high as possible at Resistance, to prevent high drawdown and still have opportunity to place stop-profit for safety. 

Previous position sell at https://c.mql5.com/6/759/NZDUSD.H1_20161110.png