How many pips stop-profit for buy position. Example : Buy position was opened at 1.0740 Then EA will modify s/l at 1.0743 as stop-profit after price reaches 1.0770
(Sell) Use breakeven (stop-profit)
true
bool
This is safety for sell position. if yes, then EA will modify s/l become s/p (stop-profit) after position goes down and reaches "Range pips before breakeven"
(Sell) Range pips before breakeven
30
double
Pips range before EA modify stop-profit for sell position
(Sell) Pips stop-profit
3
double
How many pips stop-profit for sell position. Example : Sell position was opened at 1.1330 Then EA will modify s/l at 1.1327 as stop-profit after price reaches 1.1300
Pips default as stop-loss
0
double
Default stop-loss in pips
Pips default as target
150
double
Default target in pips
Dinamic target Buy by trendline
true
bool
EA will modify t/p follow trendline target.
Dinamic target Sell by trendline
true
bool
EA will modify t/p follow trendline target.
Automatic balancing positions
true
bool
if true then : EA will manage positions until balance, if there are more than 1 position in a same magic number.
How many trades was opened to start balancing position
2
bool
EA will manage until balance, if there are 2 position was opened in a same magic number.
If you would like to make combination trades with Fibonacci levels :
Draw your own Fibonacci.
Rename object name to "fibo" (without double quote)
EA will perform your fibonacci points when price reach the object levels.
Object Type
Command
Description
Fibonacci
fibo
Draw an object Fibonacci at your own points. Rename object's name to fibo. Then EA will generate lines order on chart with level below : 38.2%, 50%, 61.8%, 76.4% and 89%.
Magic number - Unique number is intended to be used for trade identification. EA will manage all positions that have same magic number as a group of trading management that defined in input parameters. Default is 0.
Automated Trading Plan - Generating a trading plan automatically, will available in version 3 EA become fully automated when input parameter is true. Default is false.
Trade for buy - Allow EA open buy position. Default is true.
Trade for sell - Allow EA open sell position. Default is true.
Use pending order - if false, then new position will be performed immediately by EA when price reaches trendline, if true, then EA will create new position by placement a limit order (buy-limit/sell-limit) when price reach "Range of pending order" before price hit trendline. Default is false.
Range of pending order (pips) - How many pips range EA will open limit order before price reaches trendline. Default is 30.
Pips adjustment below or above trendline as limit order - As we know that pending order only will be opened by broker after price and its spread reached limit position. This value is use for make sure pending order could be opened by broker after spread. Default is 2.
Slippage - If slippage occurs suddenly, how many pips the slippage permitted before EA opening new positions. Default is 3.
Trade comment - Your personal comment will be written in your trades. Comments will be displayed in terminal after right-click on it and Comments has been checked. Default is empty.
Default starting size of volume (lot) - Starting volume (lot size) as default for first new position. Default 0.01
Allow increments - Allow increments of lot when EA balancing positions (if there are more than 1 opened position with same magic number). Default is true.
Lot increments - Default lot as increments. Example : if your default lot is 0.01, and current increments is 0.01, and the 1st position is still available, then the 2nd position will be opened with 0.02 (previous lot + increments). If lot increments is 0, then 2nd position will have same volume with 1st position. Default is 0.
Lot multiply by - Number multiplication. If "Allow increments" is false, then size of volume for next new position will be multiplied with this numeric. Example: if 1st position is 0.01 and 1st position is still available, then next new position is 0.02 (previous lot x 2).
(Buy)Use breakeven (stop-profit) - This is for safety for buy position. if yes, then EA will modify s/l become s/p (stop-profit) after position up and reaches "Range pips before breakeven". Default true.
(Buy) Pips range before breakeven - Pips range before EA modify stop-profit for buy position. Default is 30.
Example :
Buy position was opened at 1.0740
Then EA will modify s/l at 1.0743 as stop-profit after price reaches 1.0770
(Sell) Use breakeven (stop-profit) - This is safety for sell position. if yes, then EA will modify s/l become s/p (stop-profit) after position goes down and reaches "Range pips before breakeven". Default is true.
(Sell) Range pips before breakeven - Pips range before EA modify stop-profit for sell position. Default is 30.
Example :
Sell position was opened at 1.1330
Then EA will modify s/l at 1.1327 as stop-profit after price reaches 1.1300
Pips default as stop-loss - Default stop-loss in pips. Default is 0.
Pips default as target - Default target in pips. Default is 150.
Dinamic target Buy by trendline - EA will modify t/p follow trendline angle for position target. Trendline name is "close.buy". Default is true.
Dinamic target Sell by trendline - EA will modify t/p follow trendline angle for position target. Trendline name is "close.sell". Default is true.
Automatic balancing positions - if true then EA will manage positions until balance for 2 positions or more in a same magic number, to one destination of target. Default is true.
How many trades was opened to start balancing position - EA will manage until balance for amount of positions here. Default is 2.
Display detail (left panel) - Display left panel for information in detail. Default is true.
Show trading account - Trading account will be displayed in left panel. Default is true.
Show account balance - Account balance will be displayed in left panel. Default is true.
Even on strong down trend, markets still always waiting on Resistance before to continue to sell again NZD/USD.
Because they need gain profit selling anything from higher price.
This is current Resistance for NZD/USD based on Trading Planner.
The resistance is dinamic, follow trendline angle.
Manually, we can draw trendline like that and just waiting until price reaches trendline then sell.
If we don't have time to wait on screen for each pair we trade, we can use Trading Planner to do that as assistant on VPS :)
How if price doesn't reaches those resistance? Just wait another moment at another pair. Because better to place sell position is on price as high as possible at Resistance, to prevent high drawdown and still have opportunity to place stop-profit for safety.
Trading Planner
Semi Automated EA as your trading assistant.
... Continuation of the description page.
Example :
Buy position was opened at 1.0740
Then EA will modify s/l at 1.0743 as stop-profit after price reaches 1.0770
if yes, then EA will modify s/l become s/p (stop-profit) after position goes down
and reaches "Range pips before breakeven"
Example :
Sell position was opened at 1.1330
Then EA will modify s/l at 1.1327 as stop-profit after price reaches 1.1300
EA will manage positions until balance,
if there are more than 1 position in a same magic number.
if there are 2 position was opened in a same magic number.
Revision
if there are 2 position was opened in a same magic number.
This is example how #TradingPlanner is working in markets:
GBP/USD has reached Resistance 0 (R.0) means first level of current Resistance, and #TradingPlanner automatically open position Sell.
Target is expected to Next current Support level.
GBP/USD target hit.
And next trading plan is to wait on Resistance 0 (R.0.a and R.0.b), first level of current Resistance on that time.
If price reaches those levels then #TradingPlanner will open new Sell positions.
Market moves fast, and reaches first level of Resistance that catched by #TradingPlanner
with immediately put stop-profit as breakeven for safety.
Position Sell is better on top (means at Resistance).
#TradingPlanner
Here is an example how to work with Trendline to define Support & Resistance.
#TradingPlanner
Input parameters:
#TradingPlanner
If you would like to make combination trades with Fibonacci levels :
Rename object's name to fibo.
Then EA will generate lines order on chart with level below :
38.2%, 50%, 61.8%, 76.4% and 89%.
** Note : Each level can be deleted.
#TradingPlanner
If you would like to make combination trades with Fibonacci levels :
#Trading Planner
If you would like to make combination trades with Horizontal line :
** Note
In the upcoming program update, Trading Planner will automatically drawing in the chart as daily trading plan, which will work as a Full Automated EA.
Example again about "How previous Support line become New Resistance"
You can download and try it :)
Trading Planner can work also on Backtester (Strategy tester on MT4).
#TradingPlanner
If you would like to make combination trades with Horizontal line :
Input Parameters
This is example how to trade with Trading Planner 2.81 (real account)
https://www.mql5.com/en/blogs/post/683488
Previous position sell at https://c.mql5.com/6/759/NZDUSD.H1_20161110.png
Here is an example how to work with Trendline to define Support & Resistance.