It's a simple and light weight semi_automated trading tool which i developed for myself some times ago, it has multi timeframe candle stick recognition which uses my proprietary algorithm to find a variety of candle patterns with very high accuracy and also it's able to find your manual trade on the chart and manages your take profit and stop loss for you when your are not in front of your computer.
entry types like:
- trend line break and trend line retracement.
- level trading for fib level etc...
- hidden pending orders
- support or resistance break or retracement
Trade Management techniques like:
- Money Exit
using it is very simple, just click on the button with type of the action that you want, it will draw the corresponding lines on the chart, after adjusting the levels just press the Apply button, now the EA will take care of your trade, you can delete the lines by clicking on the button again, or you can update the levels after deleting the lines also.
- to see the lines description right click on the chert, go to properties (or press F8), then under common tab click on the show object descriptions.
- i also recommend you to enable use alt key to drag trade levels by going to Tools > Options > under Chart tab
- it works with only one trade at a time and no trade comment is needed for simplicity
- Idea invalidation is exactly opposite of breakeven but for take profit, for example you decide after 10 pips the market moved against you the EA put your Take Profit to breakeven so if the market had a pullback you can exit at breakeven instead of being stoped out.
- to use money exit, simply just press the button and put you desire profit int the box that appears and let it be open(don't press the button again).