Line Trader

4.71

This EA you can automatically act on trend lines of your choice. You only need to draw a line and then press the buy or sell button.

Suitable for traders the chart pattern (triangles, channels, spikes ...) act.

The tool is also suited for quick and easy to set Pending Orders.


Input parameters

  • Magic - Choose magic number
  • MoneyManagement - Automatically calculated lot size, values are displayed on the lines
  • RiskMode - Choose risk model RiskPercent or RiskMoney
  • RiskPercent - In percent when money management is turned on calculated size
  • RiskMoney - In money when money management is turned on calculated size
  • TakeProfit - Choose take profit in pips
  • StopLoss - Choose stop loss in pips
  • LineDistancePips - Trade is executed before line
  • SlipPage - Maximum allowable distance between trend line and price for a trade in pips
  • SpreadMax - Maximum allowable spread for a trade in pips
  • Breakeven - Distance between order price and price in pips (0 = off)
  • BreakevenPlus - Example Long: -30 = 30 pips under open price
  • TrailingPips - Trailing stop in pips (0 = off)
  • TrailingProgressive - Stop loss is progressively reduced, take profit is necessary
  • OneClickTrading - One click trading, if no trend line has been selected
  • TradeAtClose - Trade when "close price" of the last candle line crosses
  • Hidden - Possibility to hide Stop loss and Take profit from broker
  • PanelCorner - Dock the panel in the desired corner
  • PanelX - Horizontal distance of the panel in pixel
  • PanelY - Vertical distance of the panel in pixel
  • ButtonColorSell - Color of the sell button
  • ButtonColorBuy - Color of the buy button
  • ButtonColorText - Color of the text for all buttons
  • LineColor - Color of the line when it is activated
  • LineColorTP - Color the take profit line
  • LineColorSL - Color the stop loss line
  • LineStyle - Styles for all lines (solid, dash, dot, dash dot, dash dot dot)
Reviews 8
monmak1
22
monmak1 2021.02.26 08:37 
 

Good EA! easy for everyone. if you are a line trader, this EA will help you so much. thank you Rainer , Good hard work

EllyMaus
374
EllyMaus 2021.02.21 12:00 
 

Sehr gut !

paddock
386
paddock 2020.11.13 00:25 
 

Thank you. Does all it's supposed to do. The best value for money ever. If your a line trader, even occasionally it's worth having in your arsenal. Highly recommend.

The only thing I would like is if you had a show/hide button for the info panel as it takes up too much of the screen, but still worth 5 stars.

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The indicator automatically sets trendlines on the really important points directly on the chart. Timeframe, color and style of the lines can be adjusted. Notification of a breakout above or below the line via a smartphone is possible. Input Parameters TimeFrame : Choose timeframe AppliedPrice : Choose close , open, high, low, median, typical or weighted price Formation : Choose swing, Shoulder head shoulder or long term formation Alerts : true = alert is on SendEmail : Send message to email ad
The indicator plays sound alerts when the price reaches certain levels, specified by trader. You only need to draw a trendline and then press the alert button in the panel. The texts of the notification you determine. Notification via a smartphone or email address is possible. Note for "Free Demo" : MetaTrader 4 does not support displaying an alert window or playing sounds in the strategy tester, only in live or demo accounts. How it works Draw a trendline Click the "Alert" button (Trendline m
The trade panel supports discretionary traders in trading. Panel Description The windows can be opened and closed and moved. Expert Advisor Input Magic: - Unique ID, is necessary if you use several Expert Advisors (EA) One Click Trading Button The buttons work in a similar way to "One Click Trading" in Metatrader. The values in the volume edit can be set individually for each instrument and remain saved even after changing charts or restarting Metatrader. Caution! Check which volume is set befo
The indicator automatically sets trendlines on the really important points directly on the chart. Timeframe, color and style of the lines can be adjusted. Notification of a breakout above or below the line via a smartphone is possible. Input Parameters TimeFrame : Choose timeframe Formation : Choose swing, Shoulder head shoulder or long term formation Alerts : true = alert is on SendEmail : Send message to email address SendNotifications : Send message to smartphone or tablet AlertAtClose : A
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monmak1
22
monmak1 2021.02.26 08:37 
 

Good EA! easy for everyone. if you are a line trader, this EA will help you so much. thank you Rainer , Good hard work

EllyMaus
374
EllyMaus 2021.02.21 12:00 
 

Sehr gut !

paddock
386
paddock 2020.11.13 00:25 
 

Thank you. Does all it's supposed to do. The best value for money ever. If your a line trader, even occasionally it's worth having in your arsenal. Highly recommend.

The only thing I would like is if you had a show/hide button for the info panel as it takes up too much of the screen, but still worth 5 stars.

Kostbar
513
Kostbar 2017.08.11 21:54 
 

5 Sterne ... sehr guter Indikator. Ich nutze ihn täglich; sehr schnelle, einfache und stressfreie Handhabung. Zuverlässige Ausführung mit vielen unterschiedlichen Einsatzmöglichkeiten. Wunderbar.

Airat Zainetdinov
386
Airat Zainetdinov 2017.05.09 08:59 
 

Можно сделать так чтобы панель была всегда поверх графика. И не реагировала на линии графика.

Sehn
128
Sehn 2016.11.24 01:41 
 

Misleading, unable have diagonal trend line stop/tp. 5 Stars otherwise

Akshay De
60
Akshay De 2015.09.18 09:59 
 

Simple and effective EA, if you are a trendline/pattern trader then look no further. I have spent lots of money buying other products for trading the trendline/pattern , and I wasted a great deal of money. This product finally meets all the expectations of a trendline/pattern trader.

The support is really great and fast, I have requested the coder to implement options for closing/reversing the trades and he has happily agreed.

martkoni
159
martkoni 2015.08.31 11:07 
 

Very easy to trade especially a lot of positions. I draw many lines, press buton SELL and the EA will trade them with SL, TP, Breakeaven. I can easily prolong the lines, SL and TP will prolong automatically.

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