Line Order v. 3 - MetaTrader 4 Expert | Forex Indicators Download - MT4/MT5 Resources
This is an EA designed to help manual traders develop a trading plan on the chart and adjust accordingly. Currently, the EA does not support adding lot size to a trade, as doing so currently requires closing the trade and reopening a larger one. However, the EA does support using the indicator for a variety of purposes, including trailing stops. The EA also supports changing the value of a specific level, ie. It will bring the trade to breakeven at the specified level.
If there are any suggestions I'll try to include them, so please leave me a comment. I hope this is a common tool for manual traders and I am currently using it for my own trading, but as always, try it in a strategy tester or demo account first.
Attachment download
Source: MQL5 #10715
Line Order v. 3 - MetaTrader 4 Expert | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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