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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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Immortal X
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ONLY 7 OUT OF 10 COPIES AT $349  Next price will be $399.  (Real Profit, Real Trades, Real Signal) After your purchase, drop me a PM.   IMMORTAL X is a Revolutionary Pending Order- Based BOLLINGER BAND Smart Grid Algorithm Expert Advisor, specializing on the AUDJPY. Bet you don't have anything on AUDJPY. Great for currency diversity in your portfolio. HIGH PROFIT POWER.  Been running it personally on my private accounts since last year April. Its able to pass COVID kind of moves and ROI x 
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London Pride EA
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Price: 299$             Live Signal   https://www.mql5.com/en/signals/943594 Telegram Channel      https://t.me/Successful_Forex_EA  Recommended VPS: https://ruvds.com/pr5256 Recommended Broker: https://ru.weltrade.com/?r1=ipartner&r2=36541 London Pride is a high-end, totally automated Expert Advisor specifically devised to trade with GBPUSD currency pair. It is ideal for working on M15 timeframe. The EA uses sophisticated machine learning and self-adaptive algorithms
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Spider Crazy Pro
Michela Russo
Spider Crazy Pro is at discount Price only Today, at 50% of the Original Price! Buy Now! Spider Crazy Pro is a trading robot  for the trading on forex. This is a complete system with   11 Strategy in 1 EA . This Robot opens a   large number of orders .  Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Snake Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email !   This Expert advisor not
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Trend Scalp Pro
Sara Sabaghi
Trend Scalp Pro   ⭐⭐⭐⭐⭐ Price is 128$ for 4 copy, Next Price is 168$ Live Monitoring   🚀🤑 This Is a a full feature pro version - You can enjoy free version HERE ⚡ Many traders don't trust robots... they Just use technical analysis and make manual orders. So what happens if this technical analysis and use trend line to make the best decision and work AUTOMATIC ??   🤑   🤑  Yes. We do that... ⭐   Trend Scalp Pro   is achieved from 10 years of experience and research on thousands of strategies,
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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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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:
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.

Matthew Todorovski
13299
Matthew Todorovski 2018.05.10 14:19 
 

Usuário não fez qualquer comentário quanto a classificação

[Excluído] 2018.03.07 12:27 
 

Usuário não fez qualquer comentário quanto a classificação

Andrey Litvichenko
7664
Andrey Litvichenko 2017.10.22 08:36 
 

Usuário não fez qualquer comentário quanto a classificação

Ali irwan
5136
Ali irwan 2017.08.20 04:35 
 

bagus

Ovidiu Caslariu
7397
Ovidiu Caslariu 2016.03.01 19:59 
 

Free version limited to EURUSD.

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.