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Levels Work free

This EA trades support/resistance levels which were placed by a trader (Trend Line from toolbar). The direction of a trade is set graphically by arrows: ↑ - buy; ↓ - sell; ↕ - buy or sell in case of crossing support/resistance level. The level is off if inconsistent directions were set, like: ↑↓↕, ↑↕, or ↓↕.

If the price is lower than a level it is a resistance level. And opposite is true for support level.

There are a few methods available for levels defining, for testing with visualization as like for real trading:

  • write - manual level creation, all levels and their arrows are being saved, every minute (if there were changes), for further offline strategy testing.
  • read - reading levels and their arrows, which were saved before (new lines are checked every minute). Trader can use it in the Strategy Tester, or during online trading copying levels to another account.
  • auto - two levels will be placed at the max/min bar open price of a selected timeframe within last week trade period. In this case arrows will be set as in auto_arrows parameter defined.
  • nothing - manual levels will not be saved.

The EA virtually trails stop loss.

No-loss fixing regime is available.

The EA reverses an open deal into the opposite direction deal if signal was received.

Breakeven mode is available.

If the trader sees that the price is moving within the channel or triangle, the EA will use the first line, set by the trader, to draw the second line of this figure.

The EA could be disabled before the release of important news, in order to pass the fast price movements. The trader sets intervals of disabling in the form of paired vertical lines (this option is also available in the Strategy Tester). Pursuing the same aim the trader can set the limit to the price slippage specifying a slip parameter.

EA does not interference into other trades.

EA made a screenshot of a chart.


Main Parameters

  • sl - stop loss value in points >=0.
  • tp - take profit value in points >=0.
  • slip - allowed slippage in points when position is opening.
  • print - interval of time for saving chart's (in minutes).
  • magic - unique magic number of the EA's orders.
  • front - the tolerance, in points, for the level`s touching. Could be negative (conservative trading, less deals), equal to zero or positive (aggressive trading, a lot of deals).
  • breakeven - moving opened position to breakeven (with spread) if the price has moved to the take profit direction. In percent from tp.
  • lot - lot size of a deal.
  • sitting_losses - no-loss regime, on or off.
  • trail_sl - virtual trailing of a stop loss order, on or off.
  • revolve_deal - revolving deal regime, on or off.
  • timeframe - working timeframe.
  • levels - setting levels regime: write; read; auto; nothing (see description above).
  • auto_arrows - trade direction in regime levels=auto. String value: up_n_down (↑↓ - buy from support level or sell from resistance level) or crossing (↕ - crossing sup/res level).
  • printsize - size of a screenshot.


Some Notes

After the deal was closed, the EA begins to check for the next signal when the new bar just appeared (of a selected timeframe).

In the Strategy Tester trader can place levels (levels=write or levels=nothing), set arrows, what could be used for its own strategy development. The first part of a video instruction was made in a such way (timeframe - H1, control points).

Comentários 6
Romel Peralta
20
Romel Peralta 2019.08.14 07:05 
 

What more can you ask for a free version. This tool is very helpful and profitable for trendline trading strategy. Thanks for putting EURUSD for the free version not on some pair with very wide spread.

Ali irwan
5136
Ali irwan 2017.08.20 04:35 
 

bagus

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SERGEI RIEBIN
This robot enters the market at the opening of London Stock Exchange (LSE). It is based on short-term reversal patterns which use the tendency of FX prices to move toward their average value during the LSE session . The EA does not use indicators, grid, martingale, arbitrage. The trading system is suitable for both experienced traders and beginners. The EA includes protection against high spreads, and allows you to trade with a fixed or automatic lot size. Monitoring - most popular signal at MQL
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QFX Team ROBOT
Salvatore Caligiuri
PROMO PRICE - 100$ COPIES AVAILABLE: 1 - NEXT PRICE: 200,00$ ONLY FOR NEXT BUYER ADDITIONAL GIFT: Royal Entry EA (MT4): click here to open product page  or Versus Yen EA (MT4): click here to open product page To request your gift send email at info@qfxteam.com QFX Team ROBOT  is sophisticated algorithm developed to catch fast movement on GBP pairs using a STRICT STOP LOSS based strategy. Our goal is to reduce risk and drawdown making profit with a lower percentage of winning
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Ruxzo
Gennady Sergienko
Are you a trader ? Identify SCAM and share profitable EA: Join our community  GoGoPips 🚀   of find on telegram;   Ruxzo This is a fully automated trading robot that has several trading modes: Pre-Rollover a strategy in which trading begins before closing sessions, the EA collects TP against the background of a oscillating market; Take profit:  8-10% from ATR; Stop-Loss:  1-15% (depending on the trading lot); Minimum deposit: 50USD; Symbols:   AUDUSD, EURUSD, EURGBP, GBPCAD, GBPA
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TripleH
Yip Sin Hang
My only channel :  https://t.me/InrexEA FTMO challenge is available , Please contact me by best setting for it . My another Best Product recommended with Live Result :  🔥   FiveElemenets   ⭐   StoneBreaker Lite Final Version monitor :   Here    Before you buy all of my product please be aware of the risks involved: 1) Please do not over believe in backtesting result . No one can 100% predict the future . 2) I do not use any .set file , Because I believe that the best strategy should
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FrankoScalp
Konstantin Kulikov
I have been developing, testing and correcting this automated scalping system for a long time: https://www.mql5.com/en/signals/author/test-standart .   Last settings for EA in the comment: #2009 🛑  Telegram channel with news:   https://t.me/EAFXPRO 🛑   Telegram group for questions and discussion:   https://t.me/EAFXPRO_chat Highlights to pay attention to 1 . During live operation of the EA, the GMT offset parameter is determined automatically based on local time of the computer (GMT_Offset_
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Bear Vs Bull
Steven Anderson
Bear Vs Bull is a fully automatic Scalping Expert Advisor based on price action. The EA strategy trades purely price action with no lagging indicators which has a highly developed trading algorithm programmed that has passed through extensive testing over many years. Best used with Major Pairs GBPUSD, EURUSD, AUDUSD, USDJPY and is best used with reputable Low Spread ECN Brokers. All orders are protected by stop loss. Real Account Monitoring: https://www.mql5.com/en/signals/300687 PM me for set
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Dublicator
Vladimir Tkach
Simple and fast trade duplicator that copies trades on the same account with the reverse function. The reverse can be used for locking. You can choose to duplicate transactions for the current or all instruments.  Parameters Duplicate in reverse - the direction of duplication; Duplicate symbol - duplicate the selected tool; Manual lot size - hand size of the volume; Do not duplicate if spread > - do not duplicate a trade if the current spread is larger; List of magic to be duplicated - fi
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Time Cursors
Vladimir Tkach
Indicator shows the price history. The history is read for vertical lines and output for the main line. Those lines are the time cursors. You can use the indicator to analyze the price cycle over time, thereby predicting its movement. The duration of the forecast and the number of time cursors can be set in the indicator parameters. Additionally, you can link the main line to a new bar. Lines can be moved manually. Analyze the cyclical nature of the market using this indicator. Indicator pa
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What If
Vladimir Tkach
This expert Advisor uses the saved trading history to repeat trades in the strategy tester. Meanwhile you can set other values for take profit, stop loss, and closing time. Thus, you can check how the results of trading with other parameters would look like. The best set of parameters can be obtained using the strategy optimizer in the MT4 terminal. In addition, you can find out how the results of trading would be affected by the later opening of trades when the price went to the loss side. You
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Filtro:
Ovidiu Caslariu
7397
Ovidiu Caslariu 2016.03.01 19:59 
 

Free version limited to EURUSD.

Ali irwan
5136
Ali irwan 2017.08.20 04:35 
 

bagus

Andrey Litvichenko
7658
Andrey Litvichenko 2017.10.22 08:36 
 

Usuário não fez qualquer comentário quanto a classificação

[Excluído] 2018.03.07 12:27 
 

Usuário não fez qualquer comentário quanto a classificação

Matthew Todorovski
13296
Matthew Todorovski 2018.05.10 14:19 
 

Usuário não fez qualquer comentário quanto a classificação

Romel Peralta
20
Romel Peralta 2019.08.14 07:05 
 

What more can you ask for a free version. This tool is very helpful and profitable for trendline trading strategy. Thanks for putting EURUSD for the free version not on some pair with very wide spread.

Responder ao comentário
Versão 5.2 2015.11.23
1. The EA reverses an open deal into the opposite direction deal if signal is received.
2. Optimized offline testing capabilities.
Versão 4.2 2015.08.12
1. In Free version lot size limitation is canceled now.
2. In addition to write levels ("w") and read levels ("r") regimes, automatic levels were added. They are set at maximum and minimum opened price of H1 bars of a last week trade period. Just set levels w/r/a/ parameter to "a".
3. Now, you cannot change parameters on a chart. Use F7 instead.
4. Writing or reading the levels, as well as their setting are accomplished every minute at 00 sec.
Versão 4.0 2015.07.23
1. Fixed minor errors.
2. Changed principle of setting the line crossing trading mode. The line crossing trading mode is now set by a two-way arrow (↕).
3. Changed principle of disabling the line. The line is considered to be disabled if incompatible trading modes are set - ↕↓↑, ↕↑ or ↕↓. As a reminder, up and down arrows indicate the mode of trading on breakthrough.
4. The line history used for optimization of the EA's parameters now has the recorded trading mode (arrow type).
5. The line history is now recorded to the common directory of trading terminals (common).
6. Now you can set the mode of reading or recording levels via the corresponding parameter - levels ("r" means reading, "w" means recording). Thus the EA launched on one account can read and draw levels of another expert launched on another account. It can be used for working with various strategies from same levels, using different stop loss, take profit trading modes (breakthrough/bounce).
Versão 2.0 2015.05.18
1. Upon request of one of the buyers, added the ability to change a traded timeframe (that affects the interval between a closed deal and checking the presence of a signal for opening a next deal). To do this, set the 'timeframe' parameter to the necessary value: M1, М5, М15, М30, Н1, Н4 or D1. You can also disable control over the current bar's Open price location between the 'front' line and the level (open_before_front parameter - on/off).
2. If you are used to wait out your losses, you are free to do that now. Simply set 'back' and 'sl' parameters to similar values (for example, back=200, sl=200). When a deal is opened, a stop loss is not placed (only take profit). If the price crosses the 'back' line, a take profit is moved to the Open price by 'outsit*front' value, while the EA starts waiting for the next signal. Thus, several deals in both directions can be opened on a single symbol.
3. If you define support/resistance levels so late that the price usually manages to break them through by the time you do that (this often happens to me) rather than roll back, you should trade breakthroughs. This option is enabled by setting the 'tp' parameter to a negative value. You can also use here the method described in p. 2.