Draw horizontal lines the easy way! Save time and effort! It doesn't matter whether you want it blue or yellow or whatever color you choose, just configure the indicator and that's it! You will have any line to use it as support or resistance.
I have defined the following keys for drawing the lines:
M => as it was the "Monthly" line W => as it was the "Weekly" line D => as it was the "Daily" line H => as it was the "Hourly" lineFor each line you want you can def
This time I would like to present the "Auto Move SL to BreakEven" tool. It moves the Stop Loss price to breakeven (no losses) whenever the price has reached a given number of pips away from the entry price in a winning trade.
This tool has two input parameters only:
PipsToBE—the number of pips that the current price has to be away from the Entry price so it triggers the move of the Stop Loss price to no losses or breakeven SafetyPips—the number of pips away from the Entry price to where
"Make it Horizontal" will convert any trendline to horizontal by just selecting it and then pressing the H key.
This tool must be included in your charts as an indicator. It has no inputs, just drag it to your charts and that's it!
I created this tool because the MT4 doesn't have any built-in feature like this. How many times have you drawn a line and you need to double click it in order to configure the start and end price level so you can make it horizontal? Well, that's not an issue anymore
This time I would like to present the "Auto Move SL to BreakEven and Partial Profits" tool. It moves the Stop Loss price to breakeven (no losses) whenever the price has reached a given number of pips away from the entry price in a winning trade and also you are able to drag an horizontal line wherever you want to take a partial profit at certain % of the trade previously configured.
UseAutoBE - Enables/Disables the Auto move to break even functionality. PipsToBE - the numb
Sometimes we want to draw a horizontal ray from any given price based on a candlestick, and this tool solves that with just 1 key! In order to draw an horizontal ray you just need to drag and drop the indicator over any chart you want and then:
1) Click over ANY candle and then
2) Hit any of the following keys:
O - It will draw an horizontal ray right at the OPEN price of the clicked candle H - It will draw an horizontal ray right at the HIGH price of the clicked candle L - It will