experts use trendlines to open places.
expert could be utilized in 2 manners:
Single entry, and
Grid
Open positions can be done in 2 ways:
Semi Automatic Trendline (SAT) and,
Automatic Trendline (AT)
how to use all of its attributes: https://www.youtube.com/watch?v=gkucve471tI
MT4: https://www.mql5.com/en/market/product/50161
Expert parameters:
Trade purchase: allow buy.
Trade Sell: allow sell.
Open ranking Mode: Select the open position method
eliminate the trendline after opening a position
Buy / Sell / Stop loss by Close Candle or Ask / Bid price
Distance from the current price, in pips
Distance of placing SLTP, in pips
True = Limit order, False = Stop order: reverse the signal
Hilo One Candle timeframe: Select Hilo One Timeframe
Minimum Range to Start Pending Order
Range size of pending order (in pips): Distance of pending order from the current price (in pips)
Range size to move pending order (in pips): Step size to move pending order (in pips)
Hilo X Candle: History Candle to anlyze
Range from Pivot Point, in pips: Distance from pivot point
Channel Period
Channel History Bar
AutoLot: use automatic lot calculation
Risk% (if AutoLot = true): risk per trade for calculation of the auto lot size.
if Autolot = false, fill in Start Lot: fill in the initial lot
Max Lots per Trade
Use Stop Loss, Takeprofit and Trailing: Use Stop Loss. takeprofit and trailling for single entry positions
Virtual Stop Loss (in pips): Stop loss in pips
Virtual Take Profit (in pips): Takeprofit in pips
Trailling Start (in pips): Trailling starts in pips
Trailling Size (in pips): Step trailling in pips
Profit to start move stop loss, (in pips): minimum profit to move stop loss to open price, in pips
Lock start, $: Minimum profit to start placing lock profit, in money
Lock stop, $: Minimum profit to close position, must be lower than Lock Start.
Minimum profit for close all $: Minimum profit to close all positions, in money.
Cut loss if loss $: close all positions when the cutloss target is reached, in money.
Cut loss by Drawdown (in percentage)
Cut loss if Drawdown%
Trade Start Time: Time to start placing pending orders
Trade End Time: The time the trading session ends
Close all positions at the End of Session
Use GRID: if Use Grid, set Use Stoploss, Takeprofit and Trailing = false
Lot Type: Select lot type
Multiplier for Martingale: Multiplier lot coefficient
Maxtrade: Max trade allowed
Recovery Mode: select a recovery method
Step (in pips): Distance to open the next position
Expanding Step Coefficient: step multiplier coefficient
Use Hedging Buy: Hedge buy positions
Use Pyramid Buy: Open a long position if the initial position is profitable
Use Averaging Buy: Open a long position if the initial position is losing
Buy Step (in pips): Distance to open the next long position
Expanding Step Coefficient Buy: buy coefficient multiplier
Use Hedging Sell: Hedge sell positions
Use Pyramid Sell: Open a short position if the initial position is profitable
Use Averaging Sell: Open a short position when the initial position is losing
Sell Step (in pips): Distance to open the next short position
Expanding Step Coefficient Sell: sell multiplier coefficient
Trailling (in money): Trail profit in money.
Trail Money All (in Percentage): Trail profit in percentage.
Use Auto Close Partial, in money: drawdown reduction algorithm, in money
Choose Close Partial Method: Close partial buy