Mts “Tradelines” Expert Advisor | MT5 EA Download – MetaTrader 5 Resources

Mts “Tradelines” Expert Advisor review and download instructions

This article organizes EA related to CMillion Expert Advisor. The content has been removed from the Russian language and external website promotion information, and has been reorganized according to the common concerns of foreign exchange EA users, making it easier to judge whether it is suitable for real trading or testing environments.

strategic positioning

This type of EA is usually used in automated trading scenarios of MT4 or MT5. Before formal use, you should first confirm the trading variety, cycle, spread, slippage, leverage and broker execution conditions to avoid directly treating a single historical performance as a future profit expectation.

Testing recommendations

It is recommended to test separately in a demo account and a small capital account first, focusing on observing the maximum drawdown, continuous losses, holding time, news market performance, and the sensitivity of parameters to different market stages.

Key points of English page

The “TradeLINES” trading system is based on the method of slanted price channels developed by Victor Barishpoltz and channel breakouts.

Basis: support and resistance lines.

Entry conditions: When the price hits the support line, the Expert Advisor will place a Buy order. When the price hits the resistance line, Buy orders will be closed, and Sell orders will be opened. When these lines are broken out, then the corresponding orders will be set.

STOP-LOSSES of all orders will be set at the opposite lines.

FILTERS. It has filters, which are responsible for its operation time (for example, they disallow trading on Friday or during Asian flat market).

Moving a stop-loss to breakeven. If necessary, you can enable the function of moving a stop-loss to breakeven, when a predetermined level of profit in points is hit.

Trailing. The Expert Advisor allows you set any trailing stop.

Visualization. Support and resistance lines are displayed on the chart, when the Expert Advisor is running. The Expert Advisor will draw lines of orders, when it opens or closes them, on chart (just like in Visualization mode, while testing in a Strategy Tester) so that you can clearly see all the trades made by the Expert Advisor.

The Expert Advisor will work on the timeframe, on which it is running at the time. H1 and higher timeframes are recommended.

Here is an example how the “TradeLINES” Expert Advisor trades:

To get a ready-made Expert Advisor or Indicator, you need to pay its cost by one of the methods specified on the Payment web-page and send an e-mail at cmillion@narod.ru , which should contain the name of Expert Advisor or Indicator and a payment option. After doing that, your order will be immediately sent to you.

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Risk warning

EA cannot eliminate market risk. Grid, martin, scalping, arbitrage, and high-frequency strategies are particularly dependent on the trading environment. Stop-loss logic, order quantity limits, and capital occupation under abnormal market conditions should be separately evaluated before placing a firm offer.