Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:
1189
Rating:
votes: 5
Published:
2019.03.03 18:43
Gann Line.mq4 (60.51 KB)view

"Gann Line" EA draws Gann Line  on chart and trades with its trend,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

USEMOVETOBREAKEVEN  system functions like a stop loss

But a one-time function with a smaller value than the subsequent Stop Loss value to lock minimal profit and avoid loss if the price goes against you.

If you have reached a certain value of pips with the direction of the trade -

  • WHENTOMOVETOBE - When to move break even (values: 10-100).

So how many pips would you like to move the stop loss above the price line of the open trade-

  • PIPSTOMOVESL - How much pips to move stop loss (values: 10-100).

This EA trades only with the price of open candle!

Trade volume of a position depends on previous trading results.

It provides the possibility to limit the maximum risk (in % of deposit) of the trade.

If you want to trade with constant lotsize say:0.01 lot ,you need to set "MaximumRisk =0" and "DecreaseFactor=0"

Or else you will have a calculation of  Percent (%) of deposit and MaximumRisk.

I combined together a simple EA with two moving averages and Gann Line,

The Gann Line do not work on test mode,

The optimization tests can be performed only with moving averages,

In live trading only, Gann Line and moving averages will work together,

During tests, the EA  only draws the Gann Line on the screen in  visual mode without considering it in the creation of trades,

You need to perform back test with "open prices only" option,

The Gann Line will function as a filter .

In this situation the probability of winning trades increases.

Inputs

  • Gann Line length (bars)(values: 10-100).
  • Gann Line color.
  • USEMOVETOBREAKEVEN - Enable "no loss" break even system (values: 0-1).
  • WHENTOMOVETOBE - When to move break even (values: 10-100).
  • PIPSTOMOVESL - How much pips to move stop loss (values: 10-100).
  • Lots - Lots size (values: 0.01-10).
  • MaximumRisk - maximum risk from total margin in %, (values: 0.01 - 0.3).
  • If "MaximumRisk =0" then "Lot=constant"
  • DecreaseFactor - decrease from total margin if you lose a trade.
  • TrailingStop-set a value from 10 to 100 to activate trailing stop loss & take profit, "0" will not activate trailing stop loss.
  • Stop_Loss - Stop Loss (values: 10-100).
  • MagicNumber - Magic number (values: 1-100000).
  • TakeProfit - Take Profit (values: 10-100).
  • FastMA - Fast Moving Average (values: 1-20).
  • SlowMA - Slow Moving Average (values: 50-200).
  •  Mom_Sell-Momentum_Sell trtrigger(values: 0.1-5).
  •  Mom_Buy-Momentum_Buy trtrigger(values: 0.1-5).

How to perform back test:https://bit.ly/2CD7XWD

Gann Line

Fibochannel line Fibochannel line

"Fibochannel line" EA draws Fibonacci channel lines on chart and trades its trend,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

Fibonacci lines Fibonacci lines

"Fibo" EA draws Fibonacci lines on chart and trades with price breakthrough,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

Daily Percent Change Daily Percent Change

Separate window! Uses daily open price and current price (close price for closed candles) to compute % change for the day.

Standard Deviation Channel  Lines Standard Deviation Channel Lines

"Standard Deviation Channel Lines" EA draws Standard Deviation Channel Lines on chart and trades with its trend,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.