Trendline Executor EA
Trendline Executor – a unique Advisor for MetaTrader 4.
The adviser will help you discover a warrant on the basis of the trend, or the horizontal line on the chart.
Analyze the market trend constructing / horizontal lines on your schedule, then rename them according to input parameters (NameOfYourLine).
After building the trend line, rename it to “sl”. (Without the quotes)
“Sl” means a Sell Limit, if the price touches the bottom of the line, the adviser opens an immediate Order Sell.
You can use your favorite indicator for the construction of a trend / horizontal line and combine it with the advisor, he worked for you automatically. Just change the parameters of the advisor, the name of your swinging the trend / horizontal line
- MagicNumber – a unique identification number for orders on different currency pairs
- Slippage – the maximum price difference in pips for the immediate execution of an order the broker
- Lots – lot size
- Using_TrailingStop – inclusion trailing stop (when YES is activated trailing stop)
- TrailingStop – the distance from the current price to the order opening price in pips to activate a trailing stop
- TrailingStep – distance to move stop-loss
NameOfYourLine = ::: Line name for open Buy / Sell ::: – line titles to open the Buy / Sell
- BuyStop_Line – name the trend / horizontal line to send the order Buy, if price touches the line below
- BuyLimit_Line – name the trend / horizontal line to send the order Buy, if price touches the top of the line
- SellStop_Line – name the trend / horizontal line to send orders Sell, if the price touches the top of the line
- SellLimit_Line – name the trend / horizontal line to send orders Sell, if the price touches the line below
NameOfYourTakeProfitLine = ::: Line name for TakeProfit ::: – the name of the line to take profit
- BuyStop_TakeProfit_Line – name the trend / horizontal line to set the take profit order at the Buy Stop
- BuyLimit_TakeProfit_Line – name the trend / horizontal line to set the take profit from orders Buy Limit
- SellStop_TakeProfit_Line – name the trend / horizontal line to set the take profit from Sell Stop order
- SellLimit_TakeProfit_Line – name the trend / horizontal line to set the take profit order at Sell Limit
NameOfYourStopLossLine = ::: Line name for StopLoss ::: – the name of the line for the stop-loss
- BuyStop_StopLoss_Line – name the trend / horizontal line to set the stop-loss order at the Buy Stop
- BuyLimit_StopLoss_Line – name trend / horizontal line to set the stop-loss in order Buy Limit
- SellStop_StopLoss_Line – name trend / horizontal line to set the stop-loss in order Sell Limit
- SellLimit_StopLoss_Line – name the trend / horizontal line to set the stop-loss at the Sell Stop order
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