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Trade With Trend Lines

Trend Line Trader

Now, eliminate most of the emotional factors from trading with trend line trader. You can set dynamic sell limits and buy limits with this EA.

Please read the description carefully.

Parameters:

SLMT: SELL LIMIT behavior

BLMT: BUY LIMIT behavior

BSL  : STOP LOSS for buy orders

SSL  : STOP LOSS for sell orders

BTP : TAKE PROFIT for Buy orders

STP : TAKE PROFIT for sell orders

RC    : Risk capital to calculate the lot size

FL    : Fixed lots for trading

ID : ID assigned by the EA to the trade to identify the trade. This will help you to close specific trades with Stop orders.

Magic : EA Magic

Max Orders : Max orders that can be opened per side.

Eg: Max Orders = 2

Two sell orders and Two buy orders can be opened.


How to set parameters: 

Draw your supports and resistances as usual. Now change the description to match your orders as follows. 

Eg: Say you are going to place a;

Sell limit SLMT

Stop loss of 200 points. SL=200

Risk capital of 3% RC=3

Take profit of 300 points TP=300


Placing a dynamic SELL LIMIT

So once you change the description of the trend line that should work as a sell limit will be as SLMT;SL=200;TP=300;RC=3;ID=1

Note that each parameter is separated with a semi colon (;). A semicolon at the end of the parameter list will not be necessary. For this version, Please enter all parameters in capital letters. 

ID parameter is assigned to the order as a comment. It will be explained in next section.

You can just omit the rick capital and use fixed lot sizes. Just remove RC=3  and add FL=0.20 or any lot size you require. If you place both RC and FL, RC will be given the priority. However, if you omit SL parameter, then RC parameter will be neglected and fixed lot size will be used to open the trade. If you omit both RC and FL, then the minimum contract size (0.01) will be opened.


Placing a dynamic STOP LOSS

Once you have placed a SELL LIMIT, you can set the STOP LOSS within the same line so the trade will be opened with that SL and TP. However, should you require to set a dynamic STOP LOSS, you can just draw the line and just change the description to STP. (Sell Take Profit). Once the price drops below that line ALL sell orders opened by that EA will be closed. If you want to close only a specific sell order, just add the ID parameter to the sell limit before placing the trade. Then add the same id parameter to SSL line and it will close only the relevant sell order.

Eg:

Parameter-------- Result

SSL------------------Closes all sell orders placed by this EA

SSL;ID=2------------Closes the sell order with ID 2 opened by this EA

STP------------------Closes all sell orders opened by this EA

STP;ID=8------------Closes the trade with ID 8 opened by this EA


For your knowledge:

1. When you place trend lines in a small time frame and then move to a higher time frame (Eg: from 1Min to D1), then MT4 will not correctly price the coordinates of the line. I have no idea why this happen but I know It is not a fault of EA.

2. When you attach multiple EAs in to multiple currency pairs at the same time, confirm that you change the EA Magic so no copy of EA will have the same Magic number. If two EAs had the same magic number, then one EA will close orders opened by the other EA which is having the same Magic number.

3. If you remove the "Ray" parameter which is the default for MT4 trend line, the line will not run infinitely and will display its end on the chart. Once the current time has passed the ending time of the trend line, the line will be invalidated and no trade operations will be carried out by that line.


Please try this EA on a demo account before running on live accounts so you know exactly how the EA is working.


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Automatic lot calculation per stop level: calculates the lot considering the risk. It is possible to enter a percentage of the deposit and set the line to the planned stop level. As a result, the lot for entry will be calculated. Also, the TakeProfit level will be calculated taking into account the profit/loss ratio, and their profit/loss in the deposit currency. Thus, the final result of the trade can be seen, which is an integral part of successful trading. Features The indicator displays th
30 USD
Pattern Finder4Fee
Vladimir Tkach
This utility searches the history for price patterns, which are similar to those present in the intervals selected by trader (there are several intervals, see the screenshot). The length of the pattern and selected intervals is the same and is given by the number of bars. The similarity is estimated by comparing the colors of bar bodies, sizes of bars' bodies and wicks. For all identified patterns, further movement of the price is visualized as lines. The color of lines determines the degree of
30 USD
LT Trade Copy MT4
Thiago Duarte
Trade Copy is an EA-shaped tool that replicates the trades done on a Meta Trader 5 to all Meta Traders 5 opened on same computer. Is useful if you want to trade more than once account yours or if you want to work with third party account management. The images are from MT5 because it is the same as MT4. Demo version:  https://www.mql5.com/pt/market/product/40947 MT5 version (more advanced):  https://www.mql5.com/en/market/product/40901 Configurations: MAIN OPTIONS Idiom -  change to English or
50 USD
Risk and Reward Manager
Emir Revolledo
This is EA is made to manage your Risk and Amount Management. It has also the capability to manage your trades specifically per Currency and for Overall trades basis. Trades may be closed on an EQUITY, PROFIT, PIPS AND PERCENT on a Pair and Overall Basis. It has also the capability to Trail Stop Based on Percent, Amount, Equity or Pips on A Per Symbol or Per All Trade Basis. This is a friendly user EA that will also show your wrong input on parameters that will disable certain parameters to prev
19.99 USD
Range Chart
Andrey Ziablytsev
The indicator generates a RangeBar Chart based on the ticks received in real time. The history data is generated from the chart to which the indicator is attached. All the candlesticks are of a fixed size from a High to a Low. Unlike Renko, candlesticks may have a wicks that does not exceed the expected range, and the body of the candlestick can be less than or equal to this range. When the price breaks the range of a single candlestick, the indicator generates a series of dummy candlesticks to
30 USD
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Adder
Supun Sameera Manasinghe
Increase the lot size of the signal you have subscribed When you are using trade copy service, you will have the option to trade more lot sizes with this EA. For example, if the signal provider is trading micro lots, you will be able to add increased lot sizes in the next tick after receiving the trade signal. Parameter description: Enabled :  Enable/Disable EA EA magic number   :  EA Magic number New lot size to trade : Percentage from the providers lot size. This lot size will be used to open
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ICap
Supun Sameera Manasinghe
Project iCap This EA can act in 3 different ways View Live Account results of this EA 1. Fully auto trader Once you set "Self Start" parameter to "On", the EA will auto start trading without human intervention. As a regular EA. For this EA to open trades, it uses a trend following mechanism. You can run this EA in 1 minute time frame and the EA is stable even during the times of news releases. EA will trade only upon candle closing. Not with tick data. Note : This EA is using Grid and Marti
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