TralingLine - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
This Expert Advisor is intended for use in Forex hedging accounts. Not tested on netting accounts yet.
When a new position opens, the EA draws a trendline that can be moved as needed.
The trend line will be below the open price for buy positions and above the open price for sell positions, and there are 2 bars to the right (in the future), they will stay at that position and move when new bars appear.
For example, if the trendline later moves so that it is below the buy position, the EA will generate a message indicating the price and profit or loss at which all positions will be closed.
Attachment download
📎 tralingline.mq5 (19.59 KB)
Source: MQL5 #16396
TralingLine - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 resource usage and screening recommendations
TralingLine - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 resources belong to MT5 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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