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TRENDLINE TRADE MANAGER

MQL4 Indicadores

Trabalho concluído

Tempo de execução 1 dia

Termos de Referência

Purpose of the trend line trade manager

·        Alert, sends E-mail and Push-notification, and plays a sound file when the price crosses a user defined line (horizontal or trend), added on the chart manually

·        Open and close a buy and sell trade when price touch or break a trend line.

There are 3 directions:

  • Up: The indicator alerts when the price touches/crosses the trend line from down/up.
  • Down: The indicator alerts when the price touches/crosses the trend line from up/down.
  • Horizontal: The indicator alerts when the price touches/crosses the trend line from down/up and up/down


There are things we needed to do to execute a trade:

  • Set an Entry order to buy or sell just when the price touches/crosses the trend line from down/up.
  • Attach a default Stop loss several pips above or below the trendline.


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