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Master Trendline

This EA utility opens trade when price touches trend line on your chart.

How to use in 2 steps?

  1. Attached this utility on your chart with your desired parameters  and risk management settings set.
  2. Draw a line using "Horizontal line tool" or  "Trend line tool" on your chart.

Rules:

  • You can draw a minimum of 1 line and a maximum of 2 lines  in the chart.
  • It will only trade once on a symbol when it touches the line.
  • You need to have a  fundamental knowledge about trend line trading.

Parameters:

  • MagicNumber -  return an identifying (magic) number of the currently selected order.
  • Trend Line Strategy - The Option to choose, 
    1.  A: Break Out Trend Line - will open buy when it crosses above 1 line or when it crosses above the Upper line,  will open sell when it crosses below 1 line or when it crosses bellow the lower line.
    2.  B: Reversal Trend Line  - will open sell when it crosses above 1 line or when it crosses above the Upper line,  will open buy when it crosses below 1 line or when it crosses bellow the lower line.
  • Trail Stop Pips (0 to Deactivate) - Will move stop loss if price moves in favor.
  • Delete Line - if set to true, it will delete trend lines after a trade is open.
  • Max Spread points  - the maximum spread you allow to open a trade.
  • EA_Comment - input comment in trade.
  • ~~~~~Risk Settings~~~~~
  • TradeSize - input initial lot size.
  • Loss Factor - wil multiply lot size if last trade is loss.
  • Restart lot on consecutive losses - if consecutive losses is reached the next trade will open at initial lot size.
  • TPSL Pips or Average True Range(ATR) - the option to choose,
    • Use ATR as TPSL -  it will use ATR values as measurement on placing TP and SL.
    • Use PIPS as TPSL    it will use Pips values as measurement on placing TP and SL.
  • ATR Settings------------------------------------------------------
  • TP ATR Size Multiplier - Multiplies ATR size to use as TP.
  • SL ATR Size Multiplier  - Multiplies ATR size to use as SL.
  • ATR Period -  Input ATR period value.
  • Pips Settings------------------------------------------------------
  • TP_Pips -  Input pips to use as TP.
  • SL_Pips   Input pips to use as SL.
  • Alert Settings - It will alert you every time it opens a trade.
  • Send_Email 
  • Audible_Alerts 
  • Push_Notifications

if you have more questions just send me a private message here in MQL, thank you.

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Utility for semi-automated trading. Applies dynamic levels for setting stop orders, stop loss, take profit and trailing stop, which are invisible to the broker. Suitable for working with any brokers, including American brokers with the requirement of FIFO. MT5 version of the adviser  link Transactions can be opened using buttons or lines. In order for the adviser to open a position on the line: draw a line on the chart and rename it. When crossing its price, the adviser will execute the approp
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This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with 16 trailing stop methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars, RSI and Stochastic. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close.  Moreover, you can add (overr
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Mehdi Faraz Fard
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Mehdi Faraz Fard 2021.07.11 13:39 
 

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