There are various ways to close a position, with stop loss, cut loss and trailling.
Are you still confused about how to put all these theories into practice? Found a method that suits your trading style according to your personality?
Good news, now all of these techniques are available in Trendline Trader. You can practice all these trading theories using the Trendline Trader, even if you don't buy them. You can still download it and use it free of charge in the backtester until you have mastered all the trading theories perfectly or until you find a trading method that suits your personality.
how to use all of its features:https://www.youtube.com/watch?v=gkucve471tI
1. Open Position Mode : Manual, semi automatic, and full auto trendline
2. Continue new cycle : if false, bot only Manage Existing Open Position
3. Remove the trendline after opening a position : For manual trendline only
4. True=Limit order, False=Stop order : Reverse the signal for semi automatic trendline (SAT) and Auto Trendline (AT).
5. Hilo One Candle timeframe : You can select the type of timeframe you want to use
6. Minimum Range to Start Pending Order: Range High and Low
7. Range size of pending orders (in pips) : Distance of pending orders from the current price, pending orders use adaptive trendline
8. Range size to move pending orders (in pips) : Trendline will move to the latest prices according to the number of sizes entered.
9. X Candle: Number of past candles to count for determining the highest and lowest price.
10. Range from Pivot Point, in pips : Distance from pivot point
11. MA averaging period : Moving Average Period
12. Channel Period : Period
13. Channel History Bar : bar to look back
14. Lot Type : There are 10 types of lot options: Fixed lot, Martingale 1-3, Anti Martingale 1&2, Mix 1-3, Single Shoot Martingale
15. Start Lot : Initial lot
16. Multiplier for Martingale 3 / Anti Martingale 2 / Mix 3/Single Shoot Martingale Lot : lot multiplier
17. Maximal Lots: maximum lots allowed.
18. Maxtrade : Max open position allowed
19. Recovery Mode : 10 Types of recovery mode that you can choose for
20. Step (in pips) : Distance to open the next position
21. Expanding Step Coefficient : The coefficient for the distance addition of the next open position
22. Use Hedging: hedge the position
23. Use Pyramid: pyramiding the position
24. Use Averaging: averaging the position
25. Use Auto Close Partial, in money: drawdown reduction algorithm , in money
26. Number of trade to activate partial close : Number of open positions to start applying partial close.
27. Percentage profit to close partial $: Minimum profit amount to do partial close, in money.
28. Use Auto Close Partial, in percentage : drawdown reduction algorithm , in percentage
29. Number of trade to activate partial close : Number of open positions to start applying partial close.
30. Percentage profit to close partial %: Minimum profit amount to do partial close, in percentage.
31. Minimum profit for close all $ : Minimum profit to close all positions, in money
32. Cut loss if loss $ : Close all positions when the cutloss target is reached, in money
33. Trailling (in money): Trail profit in money. Can be used for manual and full auto recovery mode.
34. Use Stoploss, Takeprofit and Trailling (in pips): For single shoot martingale or if not using recovery techniques.
35. Time Control: Time restrictions. Timing uses broker server time.
36. Close all positions at the End of Session: Expert will close all positions after each session ends
37. Max Spread (in Pips) : allowed spreads.38. Coefficient (if Freeze=0 Or StopsLevels=0) : Multiplier coefficient when freezelevel / stoplevel = 0
39. Magic Number : fill in different numbers if you are going to trade the same pairs in 1 MT5 terminal.
40. Continue new cycle management, you can set the time so that the expert stops new cycle at the specified hour and only manages positions that are still open.
Timing uses local time or vps time.
Indicator Wedges Download: https://www.mql5.com/en/code/13781
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Just Marvel has been taking the test since 2001!see test resulte! Most often, expert advisors have fixed take profits, stop losses and other settings! Just Marvel advisor does not use fixed settings and it works according to the market situation! On the market, it doesn’t happen that there are only profitable trades! A drawdown of 30 points is very small. The signal works from the very beginning of publication on the market and as you can see nothing is merged! As before, it is up 235%
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LayerStop EA only performs an action open pending order BUYSTOP or SELLSTOP, thus only monitor the trailing stoploss. No specific conditions are used to open pending order. Pending order BUYSTOP or SELLSTOP will generated immediately after an Expert Advisor is attach in the chart. Suitable for News High Impact. If you already attach LayerStop EA in the chart, and want LayerStop EA performs new one an action open pending order BUYSTOP or SELLSTOP, you need to remove LayerStop EA from
Yihaa Shoot applies a unique range calculation and time management to enter a trade. It has a unique money management system which calculates the risk before it takes a trade. Suggested pairs: GBPJPY and USDJPY Timeframe: H1 Suggested balance: $500 ($1000 is recomended) Risk in dollar suggested: 4 (0.5% from $1000) Parameters Signal Settings Margin Top (pip) >> margin top from range Margin Bottom (pip) >> margin bottom from range TP Buy deduct (pip) >> reduce the TP spot TP Sell deduct (pip)
RSI strategies EA supports multiple RSI based strategies. Purchasing this EA can save you the time taken to automate your existing RSI strategy, through coding a custom EA and it also helps you discover profitable RSI strategies as its fully compatible with the strategy tester and all settings are editable. The EA supports both scalping, short term and long term strategies. The various supported settings are explained below: NOTE: The default settings in the EA are simply place holders. Before
The EA analyses multiple currencies and multiple time frames and follows the direction of the candle stick for the day, week and month. It will look for quick exits where the trend changes. All exits are purposely designed to be with some profit at most times. The EA has in built margin protection to manage risk and exposure. Recommended leverage is 500 and above and minimum capital of $500. The lower the spread the better the results. Recommended spread 20 points and below.
EuroProTrader is based on the probability theory and the EURUSD pair's statistical pattern I have detected. The Expert Advisor features stop loss and take profit invisible for other market participants. Real protective stop loss and take profit are provided as well. They are located deeper so that to mislead other traders and win the battle. Also, they help to preserve the deposit in case of VPS unforeseen disconnection. Only one position with a fixed lot is opened at any time. ATTENTION! The EA
This EA trades mainly in the London and New York Sessions of the market. Forex Agent A is a day scalper with a bigger stop loss and a smaller take profit. Trades are opened at the first tick of the bar. In case of extended drawdown, take profits are adjusted to exit the market sooner and if at all possibly profitable. The built-in news filter prevents the opening of new trades when important news is upcoming. Entry points are determined exclusively by various indicators. Trade exits determined e
Turning 10000 Dollars Into 66541.50 In One Year with no loss Check out the Report Below The Price For This Life Saver Expert Will Go Up Soon So Get Your Copy Right Now Before i move the Price More Up. This Expert Advisor is very powerful it use the % of the equity. And it takes the trade at the right moment and it close right away so you don't need to worry about any loss at all. For the best setting I use 2% or 3% of my equity less risk . For more info contact me if you have any ques
1.Pip Predator adviser is Purely Trend Based,not uses martingale,grid,hedge or reversal method. 2.It is developed by analyzed four types moving averages cross over to find clear trend in the market for both long and short. 3.It uses always only a single order with fixed lot size. 4.10% Risk is best recommended. 5.It has been designed for only Pound-Dollar and Euro-Dollar pairs. 6.H1 timeframe must be used for profitable results. 7.It can be run 00 to 23 hours. 8.No hazard of any news,Time filt
Trade Pilot is designed to automatically trade and manage orders easily on the MetaTrader 4 platform based on graphical objects (lines, arrows, shapes etc) present on the chart either dropped manually or from the signals generated from an indicator. It is easy to use, follow the display guide at the upper left of the chart window. Trade Pilot then takes care of the naming of the newly detected graphical object and the trade execution. No clicking of buttons, no manual naming of objects! The type
MAGIC Bollinger Basket Tired of loosing? Here comes the solution. An EASY to use like the ABC fully automated EA. The MAGIC Bollinger Basket EA is a fully automated Expert Advisor with the use of a martingale system as an option. The Bollinger Band and the RSI indicator are used for entries. The advantage of a Basket Trader, is the function to calculate for all open trades of the same symbol and the same direction a break even point. From there the defined TakeProfit will start. It is
+ Added continue new cycle management, you can set the time so that the expert stops new cycle at the specified hour and only manages positions that are still open. For example: There is High impact news or an intersection between the European session and the US session that you want to avoid. Timing uses local time or vps time.
+ Add Mix 1 Lot 0.01 / 0.02 / 0.03 / 0.04 / 0.05 / ............. (Mix Pyramid lot and Martingale lot)
+ Add Mix 2 Lot 0.01 / 0.01 / 0.01 / 0.02 / 0.02 / 0.02 / 0.03 / 0.03 / 0.03 / 0.04 / 0.04 / 0.04 / 0.04 / ............ (Mix Pyramid lot and Martingale lot)
+ Removes Partial Trailling by money
+ Removes Lock profit by money
+ Add Martingale Lot
+ Add Expanding Step Coefficient
+ Add Close Partial Number to enable Close Partial
- Removes Fix 2 lot