EA Idea using Perfect Trend Line.

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I have an Idea of making EA using PTL as below:

  • Timeframe: M5 or M15 only.
  • Pair: Gold and Major Pairs with low spread
  • Trend Filter: EMA200 and EMA300
  • Open the first BUY or SELL after getting signal from PTL and confirm the filter
  • When the opposite signal is given, close if profit or break event, otherwise EA enter new opposite trade with larger lot size 
  • When enter new trades, the Total lot size of the current direction must be twice or more of the total lot size of the opposite direction.
  • If the total number of trade is less than 5, close all trades at the next signal if profitable.
  • If the total number of trade is 5 or more, close all trades at the predefined BE amount.
  • News Filter: closing all trades 15minutes before big impact news release.
  • Trade Schedule to trade only from specified time. 


What else should I add?

PTL on XAUUSD M5. Example Idea


Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
  • www.mql5.com
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events. Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
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