Hello to all..
I have paid to have an EA made which i have decided to share with all even though i am sure someone will be selling this soon.
This EA will open positions at a trend line drawn on MT4 you can choose to open it x amount of pips before the trend line or x amount of pips after price has gon through it.
here are the options of the EA
1. Buy/Sell
2. Trigger (this is the amount of pips distance from the trend line before it opens the position use - for a sell and + for a buy see example.)
3. TP or Take profit in pips.
4.SL or Stop Loss
5.TS or Trailing Stop
6. BE or move to break even @ x amount of pips.
7. Lots position size.
here is how it works.
add the EA to your MT4 platform as you would any other however all the inputs for it must be set in the description of the trend line using the following code.
Action=Buy Trigger=5 TP=60 SL=30 TS=45 BE=10 Lots= 1.5
You can add as many trend lines as you wish to the same chart with different triggers. The details of each will be listed in the upper right hand corner for you to check over. You must not change the code or it will not work.
attached is a chart of the EURUSD with a trend line on it for a example
here is the setting i used in the trend line description, lets run through them one by one to be sur eyou understand.
Action=Buy Trigger=5 TP=60 SL=30 TS=20 BE=25 Lots= 1.5
Action= this can only be buy or sell depending on your trend line.
Trigger= this is distance in pips from the trend line before the order is triggered, in the example below if i wanted to go short on the break of the trend line by say 15 pips i would have to put -15
TP= this is your take profit, put 0 if you dont want one.
SL= this is your stop loss
TS= this is the trailing stop in pips.
BE= this is the amount of pips your position has to move into profit before your stop is moved to break even.
Lots= this is the position size of your trade.
I surgest that you copy the code to a text doc. so you dont loose it.
I hope that this will be useful to many of you out there it is a great EA once you get the hang of it.
Enjoy.
I have paid to have an EA made which i have decided to share with all even though i am sure someone will be selling this soon.
This EA will open positions at a trend line drawn on MT4 you can choose to open it x amount of pips before the trend line or x amount of pips after price has gon through it.
here are the options of the EA
1. Buy/Sell
2. Trigger (this is the amount of pips distance from the trend line before it opens the position use - for a sell and + for a buy see example.)
3. TP or Take profit in pips.
4.SL or Stop Loss
5.TS or Trailing Stop
6. BE or move to break even @ x amount of pips.
7. Lots position size.
here is how it works.
add the EA to your MT4 platform as you would any other however all the inputs for it must be set in the description of the trend line using the following code.
Action=Buy Trigger=5 TP=60 SL=30 TS=45 BE=10 Lots= 1.5
You can add as many trend lines as you wish to the same chart with different triggers. The details of each will be listed in the upper right hand corner for you to check over. You must not change the code or it will not work.
attached is a chart of the EURUSD with a trend line on it for a example
here is the setting i used in the trend line description, lets run through them one by one to be sur eyou understand.
Action=Buy Trigger=5 TP=60 SL=30 TS=20 BE=25 Lots= 1.5
Action= this can only be buy or sell depending on your trend line.
Trigger= this is distance in pips from the trend line before the order is triggered, in the example below if i wanted to go short on the break of the trend line by say 15 pips i would have to put -15
TP= this is your take profit, put 0 if you dont want one.
SL= this is your stop loss
TS= this is the trailing stop in pips.
BE= this is the amount of pips your position has to move into profit before your stop is moved to break even.
Lots= this is the position size of your trade.
I surgest that you copy the code to a text doc. so you dont loose it.
I hope that this will be useful to many of you out there it is a great EA once you get the hang of it.
Enjoy.
Attached File(s)
code for trend line description.txt
< 1 KB
|
2,567 downloads
EA to open position at TL.mq4
14 KB
|
3,541 downloads