GO Trendline
GO Trendline was created to make it easier to train forex trading skills in backtester and at the same time make it easier to live trade using trendlines.
Signal | Real Signal | Bot explanation: here | How to trade properly : here | MT5
Signal | Real Signal | Bot explanation: here | How to trade properly : here | MT5
Input parameters:
1. Manage Open Positions
+ Trade Buys: allow buys
+ Trade Sell: allow sell
+ Open Position Mode: Select the open position method
+ Reverse the Auto mode signal : Reverse the signal
+ Delete trendline after opening a position: set false for continuous pending orders.
2. Manual Trendline 3 & Auto 1.3 Parameters
+ Hilo One Candle timeframe: select timeframe (D1, W1, MN1)
+ Minimum Hilo Range to Start Pending Orders (in pips): minimum High and Low Range to start pending orders
+ Distance of pending orders from the current price (in pips): Distance in pips
+ Step size to move pending orders (in pips): Step for trail the pending orders
3.Manage Lots
+ Lot Type: Select lot type
+ 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
+ Multiplier for Martingale: Multiplier lot coefficient
+ Maximal Lots: max lots per trade
4. Manage SLTP, BE & Trailling
+ Use Stop Loss & Takeprofit: Enable Stop Loss & takeprofit
+ Stop Loss (in pips): Stop loss in pips
+ Take Profit (in pips): Take profit in pips
+ Averaging Trailing, in pips: Trailing all in pips
+ Trailing Start (in pips): Trailing starts in pips
+ Trailing Size (in pips): Step trailing in pips
+ Use Break Even: Enable Break Even
+ Break Even Start, in pips
+ Break Even Step, in pips
5. Buy Grid Parameters
+ Use Hedging Buys: 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
+ Maxtrade Buy: Maxtrade Buy allowed
6. Sell Grid Parameters
+ 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
+ Maxtrade Sell: Max trade Sell allowed
7. Manage Drawdown Reduction
+ Use Auto Close Partial, in money: drawdown reduction algorithm, in pips
+ 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 trades 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 pips.
+ Use Auto Close Partial, in percentage: Close partial in percentage
+ Number of trades to activate partial close: Minimum amount of open positions to start applying partial close.
+ Percentage of profit to close partial%: Minimum profit amount to do partial close, in percentage.
8. Manage trailing money
+ Trailing (in money): Trailing profit in money.
+ Trail Money All (in Percentage): Trail profit in percentage.
9. Time Management
+ Trade Start Time: Time to start placing pending orders
+ Trade End Time: The time the trading session ends
10.Manage Others
+ Max Spread (in Pips): allowed spreads.
+ Coefficient (if Freeze = 0 Or StopsLevels = 0): Multiplier coefficient when freezelevel / stoplevel = 0
+ Magic Number: EA identifies open positions based on this magic number. Fill in 0 (Zero) so that each can recognize all positions opened manually or by other eases.
