Experts use the trendline to open positions.
1. Manual Trendline 1: By just pressing a button, the trendline will be drawn automatically.
2. Manual Trendline 2: Experts will recognize a hand-drawn trendline.
3. Manual Trendline 3: Determine the trendline based on the high and low range candles.
4. Manual Trendline 4: Combination of Manual Trendline 1 & 3
5. Manual Trendline 5: A different approach from Manual Trendline 4
+ Trade Buy: allow buy
+ Trade Sell: allow sell
+ Open Position Mode: Select the open position method
+ Remove the trendline after opening a position: For manual trendline 1 & 2
+ Distance from the current price, in pips: The distance of the pending order from the current price
+ Distance of SLTP placing, in pips: distance of placing stoploss and takeprofit
+ Minimum Range to Start Pending Orders: minimum High and Low Range to start pending orders
+ Range size of pending orders (in pips): Distance of pending orders from the current price
+ Range size to move pending orders (in pips): Trendline will move to the latest prices according to the number of sizes entered.
+ AutoLot: use automatic lot calculation
+ Risk% (if AutoLot = true): risk per trade for calculation of the auto lot size.
+ if Autolot = false, fill in Start Lot: fill in the initial lot
+ Maximal Lots: max lot per trade
+ Use Stop Loss, Takeprofit and Trailing: Use Stop Loss. takeprofit and trailling for single entry positions
+ Virtual Stop Loss (in pips): Stop loss in pips
+ Virtual Take Profit (in pips): Takeprofit in pips
+ Trailling Start (in pips): Trailling starts in pips
+ Trailling Size (in pips): Step trailling in pips
+ Minimum profit for close all $: Minimum profit to close all positions, in money.
+ Cut loss if loss $: close all positions when the cutloss target is reached, in money.
+ Stop trade by Drawdown (in percentage): Use stop trade by drawdown
+ Stop trade if Drawdown%: fill in the percentage of the drawdown
+ Trade Start Time: Time to start placing pending orders
+ Trade End Time: The time the trading session ends
+ Close all positions at the End of Session: Close all positions at the end of the session.
+ if Use Grid, set Use Stoploss, Takeprofit and Trailing = false: enable / disable GRID
+ Lot Type: Select lot type
+ Multiplier for Martingale: Multiplier lot coefficient
+ Maxtrade: Max trade allowed
+ Use Hedging Buy: Hedge buy positions
+ Use Pyramid Buy: Open a long position if the initial position is profitable
+ Use Averaging Buy: Open a long position if the initial position is losing
+ Buy Step (in pips): Distance to open the next long position
+ Expanding Step Coefficient Buy: coefficient multiplier
+ Use Hedging Sell: Hedge sell positions
+ Use Pyramid Sell: Open a short position if the initial position is profitable
+ Use Averaging Sell: Open a short position when the initial position is losing
+ Sell Step (in pips): Distance to open the next short position
+ Expanding Step Coefficient Sell: coefficient multiplier
+ Trailling (in money): Trail profit in money. Can be used for manual recovery mode.
+ Trail Money All (in Percentage): Trail profit in percentage. Can be used for manual recovery mode.
+ Use Auto Close Partial, in money: drawdown reduction algorithm, in money
+ Choose Close Partial Method: select close partial method:
+ Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
+ Close partial buy / sell: partial close by bringing only 1 buy loss or 1 sell loss.
+ Close partial all: A combination of close partial buy & sell and close partial buy / sell.
+ Number of trade to activate partial close: Number of open positions to start applying partial close.
+ Minimum profit to close partial $: Minimum profit amount to do partial close, in money.
+ Max Spread (in Pips): allowed spreads.
+ Coefficient (if Freeze = 0 Or StopsLevels = 0): Multiplier coefficient when freezelevel / stoplevel = 0
+ Slippage (in pips): Deviation from the asking price
+ Magic Number: fill in different numbers if trade the same pairs in 1 MT5 terminal.