Continue Trading (KOT) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The KOT (Continue to Trade) indicator shows the holding time. For example, if we have an open buy position, the indicator draws a line below the price, which means that you can keep the position open. Once the line starts disappearing, you can apply your preferred tracking method to move your stop loss order to the previous candlestick's open price or to the price of the indicator line. If the indicator line starts to appear above the price and there is an open buy position, you should consider closing the position. The opposite is true for sell signals.
The indicator has four input parameters:
Attachment download
📎 kot.mq5 (10.63 KB)
Source: MQL5 #20060
Continue Trading (KOT) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Continue Trading (KOT) - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator 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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