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Experts

Cycle Lines - expert for MetaTrader 4

Aharon Tzadik
Views:
11933
Rating:
(6)
Published:
2019.04.01 23:43
Updated:
2024.02.11 00:03
Cycle Lines.mq4 (122.59 KB) view
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With "Cycle Lines" EA you can draw Cycle Lines on the chart and trade with price breakthrough,has 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once.

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).

  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).


Inputs Use_TP_In_Money- Use Take Profit In Money (values:true/false).

    •  TP_In_Money- Take Profit In Money   (values: 10-100).
    • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
    • TP_In_Percent- Take Profit In Percent (values: 10-100).
    • ------------[Money Trailing Stop For Multiple Trades]----------------------
    • Enable_Trailing-Enable_Trailing with money  (values:true/false).
    • Take Profit In Money (in current currency) (values: 25-200).
    • Stop Loss In Money(in current currency) (values: 1-20).
    • --------------------------------------------------------------------------------------
    • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
    • 1 st point's date, %
    • 1 st point's price, %
    • 2 nd point's date, %
    • 2 nd point's price, %
    • Color of cycle lines
    • Style of cycle lines
    • Width of cycle lines
    • Background object
    • Highlight to move
    • Hidden in the object list
    • Priority for mouse click
    • Enable "STOP"
    • Lots - Lots size (values: 0.01-10).
    • Lots size Exponent  (values: 1.01-2).
    • 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.
    • Stop_Loss - Stop Loss (values: 10-100).
    • TakeProfit - Take Profit (values: 10-100).
    • MagicNumber - Magic number (values: 1-100000).
    • NumberOfTrades-Number Of Trades(values: 1-10).
    • IF YOU USE ONLY 1 TRADE:
    • //////////////////////////////////////////////////
    • TrailingStop-set a value from 40 to 100 to activate trailing stop loss & take profit, "0" will not activate trailing stop loss.
    • USEMOVETOBREAKEVEN-Enable " break even " (values: true/false).
    • WHENTOMOVETOBE-When to move break even (values: 1-30).
    • PIPSTOMOVESL=30-How much pips to move stop loss  (values: 1-30).
    • ////////////////////////////////////////////////////////////////////////


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