FX Line Assistant

FX Line Assistant - Professional EA Description

Overview

The FX Line Assistant is an advanced MetaTrader 5 Expert Advisor featuring an intuitive visual trading panel that transforms horizontal chart lines into executable trade setups. This tool bridges manual technical analysis with automated trade execution, offering institutional-grade risk management and position monitoring capabilities.

Core Functionality

Intelligent Line Detection System

  • Multi-Color Recognition: Automatically scans and identifies horizontal lines on the chart by color (Entry, Stop Loss, TP1, TP2)
  • Tolerance-Based Matching: Configurable color tolerance (0-100%) enables detection of similar colors, accommodating variations in chart themes
  • Dual Detection Method: Recognizes both EA-drawn lines and manually-placed chart objects (horizontal and trend lines)
  • Real-Time Synchronization: Line modifications via drag-and-drop instantly update panel values and visual projections

Three-Tab Trading Interface

1. Main Panel

  • Complete trade setup configuration
  • Direction detection (Buy/Sell, Limit/Stop orders)
  • Risk:Reward ratio calculation with quality indicators
  • Toggle controls for Half-Close, Breakeven, and Trailing Stop features
  • Quick-draw buttons for placing lines at current price
  • One-click market and pending order execution

2. Symbol Summary

  • Real-time monitoring of open positions on current symbol
  • Live P&L tracking in both pips and currency
  • Distance-to-level indicators for SL, TP1, TP2
  • Position-specific breakeven status
  • Net value calculations accounting for spread and commission
  • Partial close and breakeven buttons for active positions

3. Today's P&L Dashboard

  • Daily performance analytics for current symbol
  • Win/Loss/Breakeven trade statistics
  • Win rate percentage with color-coded indicators
  • Gross profit and loss breakdown
  • Total trades counter
  • Auto-refreshing metrics

Advanced Risk Management

Dual Position Sizing Modes

  1. Fixed Lot Size: Traditional fixed-volume trading with +/- adjustment buttons
  2. Risk-Based Money Management:
    • Fixed dollar amount per trade
    • Percentage of account balance
    • Auto-calculates optimal lot size based on SL distance
    • Real-time lot estimation display

Sophisticated Exit Strategies

Partial Close & Breakeven (TP1 Hidden)

  • Automatically closes 50% of position at TP1
  • Moves remaining position's SL to entry price (breakeven)
  • Prevents partial close if position hasn't reached profit
  • Visual confirmation in Summary tab (✔ DONE indicator)

Half-Close Only Mode

  • Closes 50% at TP1 without moving SL to breakeven
  • Ideal for maintaining risk exposure on runner
  • Mutually exclusive with Breakeven mode

Trailing Stop

  • Activation threshold: Configurable profit in points
  • Trail distance: Minimum SL distance behind current price
  • Activates only after defined profit threshold reached


Visual Projection System

Forward-Looking Zones

  • Risk Zone (Red): Projects SL area forward in time
  • TP1 Zone (Teal): Visualizes first profit target region
  • TP2 Zone (Blue): Shows final profit target area
  • Implied Entry Line: Dashed line when entry not set (uses current price)
  • Adaptive Colors: Auto-adjusts fill colors for light/dark chart backgrounds
  • Configurable Duration: Projects forward N bars (default: 35)

Line Labeling System

  • Real-Time Calculations: Shows distance (pips), net value (currency), percentage, and price
  • Position-Aware: Adapts calculations based on open positions vs. planned trades
  • Split-Scenario Logic: Correctly calculates TP values for half-close setups
  • Beautiful Styling: Color-coded boxes with centered text, positioned at right edge

Automation & Safeguards

End-of-Day Management

  • Auto-Expiry: Deletes pending orders X minutes before session end
  • Configurable Timing: Set session end time and warning threshold
  • Selective Deletion: Only removes pending orders (protects active positions)
  • Status Notifications: Reports cancelled orders and any errors

Session Persistence

  • Level Memory: Saves Entry, SL, TP1, TP2 across terminal restarts
  • Symbol Tracking: Clears saved levels when changing symbols
  • Settings Retention: Remembers Risk MM mode, toggle states, lot size
  • Panel Position: Saves dragged location for next session
  • Timeframe Detection: Auto-clears lines when timeframe changes


    User Experience Features

    Draggable & Scalable Interface

    • Click-and-Drag: Repositions panel by clicking title bar
    • Minimizable: Collapse to title bar to save screen space
    • UI Scaling: Adjustable size (50%-200%) for different screen resolutions
    • Mouse Scroll Protection: Disables chart scrolling while dragging

    Professional Visual Design

    • Material Design Colors: Clean, modern color palette
    • Alternating Rows: Enhanced readability with row striping
    • Color-Coded Feedback: Instant visual status using green (success), red (error), orange (warning)
    • Responsive Layout: Adapts to minimized state and different tab contexts

    Smart Trade Validation

    • Pre-Execution Checks: Validates SL placement, TP distances, broker stop levels
    • Direction Logic: Auto-detects Buy vs. Sell based on SL position relative to entry
    • Order Type Selection: Automatically chooses Limit vs. Stop based on price levels
    • Spread & Commission: Calculates total trade cost in net value displays



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    Utilità
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    5 (1)
    Utilità
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    Indicatori
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    Utilità
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    Utilità
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    Indicatori
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    Experts
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    Indicatori
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    Indicatori
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    Indicatori
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    Indicatori
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    Utilità
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    Indicatori
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    Utilità
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    Indicatori
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    Indicatori
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    Indicatori
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