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Equidistant Channel - expert for MetaTrader 4

Aharon Tzadik
Views:
12787
Rating:
(6)
Published:
Updated:
Download as ZIP, How to download code from MetaEditor
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With "Equidistant Channel" EA you can draw Equidistant Channel on the chart and trade with price breakthrough or trend,has 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once.

  • Try it on demo first
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).
    • Channel name
    • 1 st point's date, %
    •  1 st point's price, %
    • 2 nd point's date, %
    •  2 nd point's price, %
    • 3 rd point's date, %
    •  3 rd point's date, %
    •  Channel color
    •  Style of channel lines
    •  Channel line width
    •  Background channel
    •  Filling the channel with color
    •  Highlight to move
    • Channel's continuation to the right
    • Hidden in the object list
    •  Priority for mouse click
    • USESTOP - Enable automatic "STOP"  function (values: 0-1).
    • 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.
    • Stop_Loss - Stop Loss (values: 10-100).
    • MagicNumber - Magic number (values: 1-100000).
    • TakeProfit - Take Profit (values: 10-100).
    • 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.
    • Enable "Break Even" -(values:true/false).
    • When move "Break Even"- (values: 5-30).
    • How much pips move- "Break Even" (values:5-30).






















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