Login / Register
Add a review
Log in
Sign UP
[bws_google_captcha]
Cross Trend Line to Trade

0.00

The Expert Advisor opens and closes orders when the price crosses a certain trend (or horizontal) line.

For example, you draw a trend line and call it “B1”. When the price crosses the trend line, the EA opens a buy position.

The name of the line “B1” is embedded in the Expert Advisor, you can’t change it.

Panel

  • Green button: switch panel
  • Purple button: change the line type (trend or horizontal)
  • Del: delete lines
  • X: close the panel

Embedded names are used to open and close orders. All built-in names are described below:

  • B1_Lots: the lot size for the line “B1”.
  • B2_Lots: the lot size for the “B2″line.
  • B3_Lots: the lot size for the “B3” line.
  • B4_Lots: the lot size for the “B4” line.
  • B5_Lots: the lot size for the “B5” line.
  • S1_Lots: lot size for the “S1″line.
  • S2_Lots: lot size for the “S2″line.
  • S3_Lots: lot size for the “S3″line.
  • S4_Lots: “S4”.
  • S5_Lots: lot size for the “S5″line.
    Note: B1_LOTS, B2_LOTS, etc. are initialized as a null value. They must be installed according to your requirements.
  • MagicNumber: a magic number.
  • StopLossInPips: stop loss in pips.
  • TakeProfitInPips: take profit in pips.
  • MaxBuyOrders: limit the number of buy orders. The maximum value of MaxBuyOrders is 5, since there are only 5 lines for opening buy orders. Suppose the MaxBuyOrders parameter is 2, and you draw 3 lines on the graph, for example, B1, B4, and B5. If the price first crossed the lines B4 and B5, 2 orders will be opened. Although the price then crossed the line B1, a new order is not opened.
  • MaxSellOrders: similar to MaxBuyOrders.
  • TrailStopLevelPipsBuy: the threshold for activating the trailing stop of buy orders.
  • TrailStopLevelPipsSell: the threshold for activating the trailing stop of sell orders.
  • DeleteLineAfterTrade: if true, the line is deleted immediately after the order is opened.
  • EmailOn: in the case of a particular trading action (opening/closing orders), the Expert Advisor sends an email.
  • AlertOn: if true, in the case of a particular trading action (opening/closing orders), the Expert Advisor displays a pop-up window. In addition to an email and a pop-up window, the Expert Advisor takes a snapshot of the chart in such cases. The image is saved in the MQL4Files folder.

[spoiler title=”Read More…”]

Note: B1_LOTS, B2_LOTS, etc. are initialized as a null value. They must be installed according to your requirements.

[/spoiler]

Add review
Reviews ( 0 ):