This set of scripts has been designed to scale-in your trades as price action runs in your favor. This will maximize profits due to proper pyramiding, decrease the impact of unprofitable trading decisions and make your life much easier. There are four different tasks you can perform with these scripts:
Some other facts you should know:
Additionally, a fifth script is provided to delete all pending orders if desired. Use with caution since it affects all pending orders.
Indicator displays information about the current positionsNon Repainting Supertrend Indicator
This is a new implementation of the SuperTrend indicator for MetaTrader 4. The SuperTrend indicator is an application of the concept of MAE (maximum adverse excursion), which was introduced by John Sweeney in the mid-nineties.