"EASY" EA-Trading made easier

The most updated EASY EA will be on this #1 post. Last updated: 08/08/2010. There are many features in this EA and it is fairly easy to make a minor mistake in the programming. So, if you see any problems, let me know! Or if you have any ideas to improve this EA, let me know too. P.S. Right now the market is closed and I cannot forward test the EA. I tested this updated EA by backtesting.

Dear ForexFactory members,

This is a tool for the manual trader. Not a system.
In a nutshell, it will enter and exit on horizontal and trend lines that you will draw on the chart and can move freely wherever you'd like.

Here are some feedbacks for the EASY EA:
"Only just discovered Easy EA. Potentially the greatest thing since sliced bread."
"In my view, MT4 should be shipped with an EA like yours straight out of the box."
"If you're trading channels/triangles etc - I love it."
"Thank you Dan, for your great work."

Let's get to the good stuff.

Directions for set-up:
1. Download the EASY_v2.ex4 to your 'MT4 Directory/experts/' folder. Then restart your MT4 platform.
2. Once on the platform, on your keyboard, hit CTRL+O. You will get to the options window. Then go to the "Expert Advisors" tab. Uncheck everything. Then check the first, fourth, sixth, and eigth boxes.
3. Attach the EA to any pair. You can find the EA in the navigator window. Set the Manual_Lots, Auto_Lots(true/false), Risk, StopLoss, TakeProfit, Slippage, CanChangeTimeFrames (true/false), and SetHardSLAndTP (true/false) parameters to your liking. You should see a smiley face on the top-right corner of your chart.
4. You are ready to trade!

Rules for trading:
-If Auto_Lots=false, then the LotSize for trades will be the parameter Manual_Lots. If Auto_Lots=true, then the LotSize for trades will be calculated automatically by the parameter Risk and the parameter StopLoss.
-Draw a horizontal or a trend line on the chart. Then right-click on the line, then click 'Trendline Properties'. You will see "Name", "Description", and "Style". We will only worry about "Name".
-If you would like your drawn line to act as a BuyStop, type in "bs" in the "Name" section. SellStop="ss". BuyLimit="bl". SellLimit="sl".
-Once a line is hit, the EA will enter the trade and set a StopLoss (parameter StopLoss pips away from entry) and TakeProfit (parameter TakeProfit pips away from entry) as trendlines (at a 0 degree angle). You can then move the lines as you wish.
-If you have 2 buy entry lines, for example, "bs" and "bl", then when one of them gets hit, the one that wasn't hit will be deleted. The line that was hit will also be deleted. The reason the EA will do this is because it can handle only 1 buy/1 sell at a time. Although, it can handle a buy and a sell simultaneously. So, you can easily draw a "ss" and a "bl" (for example).
-Once a StopLoss or TakeProfit line is hit or passed through, the lines will be deleted, and you can restart the process.
-If the platform turns off, you could be left out without a hard StopLoss or TakeProfit. I've made a solution! Once you move the StopLoss and TakeProfit lines, the hard StopLoss and TakeProfit (broker's server) will move as well if you set SetHardSLAndTP to true. Keep in mind that every br0ker has a different minimum StopLoss and TakeProfit size from entry. The EA will NOT move the hard StopLoss/TakeProfit if the broker will not allow it (closer than minimum). If you would like to hide your StopLoss and TakeProfit from the broker, then set SetHardSLAndTP to false.
-The EA is ECN and 3/5 digit broker compatible.
-Users complained that if you change the timeframe, then the lines will reset. I've made a quick solution for this. In default, the parameter CanChangeTimeFrames will be true. If true, it will NOT delete any lines if you change the timeframe or turn off the EA. So if you plan on turning off the EA and you'd like the lines to be deleted, simply set CanChangeTimeFrames to false.

Questions:
"The however bit though is, I'm finding if I close a trade manually, all the trade lines and text messages stay on screen and have to be deleted manually. Is this normal?"
Woofx, the lines are deleted when a trade is closed based on the lines. If you need to exit your trade, simply move the lines. For example, you have a buy opened. All you have to do is move the StopLoss trendline above the open price of the trade. This will send a signal to the EA saying that the trade should have been closed when it crossed the line down.

I've always wanted to be able edit a trade that way. I'll try it out. Thanks

dave

Nice jobs there. I guess alot will be thanksful for your idea.

This is juz like an implementation of others trading platform into MT4.

As i know, other non mt4 brokers allow them to adjust their SL and TP by juz adjusting the line on their graph. But we mt4 cant make it.

Now you've done it. I will test it on my trading and shall report to you as i saw any stuff that suspicious.

This is my printscreen.

Note all: You can adjust the line according to yourself, and once the price hit the line, the EA wil help you exit the trades

Your'e welcome.

Hi,
Yep, I've always thought it would help others a lot.
Regards,
Dan.

This EA is cool. Thanks for sharing, OKsana17.

You are very welcome!

------------------
UPDATE!!!
------------------
Hello everyone,

Instead of trendlines, it is horizontal lines

ENJOY!!!!!!!
Dan.

hi oksana,

thanks for the sharing...should we draw the line manually???

also could you pls post some chart thanks..
mohan

Wow, thats pretty kewl. Thanks for sharing. This will really help when I'm trading from my laptop. Before the order screen would take up so much screen space that I could't even see what was going on with the chart and kept having to move my screens all around.

Hi Oksana,

I really need your EA, but I don't know how to use it? Mind helping me of what I have to do?

Thanks

Yes, draw the lines(only the bs,bl,ss, and sl).
Write the name.

Your welcome.
Dan.

I've explained it on post #1 and post #8.
You need to draw the lines manually for the buystop, buylimit........but the sl and the tp are drawn automatically. Name the type of horizontal line in the name.
Dan.

Great work! This save us alot of time, if your trading from a chart.

I've tried the latest EA, what i did was,

1. I've place the EA on the chart, and make sure its running

2. I drew a horizontal line and label bs

3. Price reaches at my bs but the was no trade enter.

Did i did any wrong? Refer to my pic for more details.

Please help me out here.

Thanks

I wish you good luck on your new EA.

As a suggestion, can you place the most updated version of your EA on the first post? You can always edit and add it on the first post which will allow everyone to find it without searching for the EA. Maybe also consider posting a message stating that your placing the most updated EA on the first post.

Good Luck and keep up your excellent contributions.

that's what i need

Hi,
Sorry!!!
I didn't mean "description", I mean the "name" part.
Dan.

Hi,
It's not an indicator, it's an EA, and Your'e welcome.
Dan.

Hi,

Thanks, It works now..

Will keep trying it..

Can i add more suggestions into this EA?

1. Auto-trail x pips when x pips in profit

2. Auto-breakeven with x pip extra (to cover spread or lock in profits) even when x pips in profits.

3. Multiple lots exits at certain prices per lot
EG: First Target, exit at x lot with x pip profits and x stops,
Second Target, exit x lot with x pip profits and x stops,
Third Target, exit x lot with x pips profits and x stops.


4. Reverse the trade when hit stop lost or profit target.

5. Each time when we draw a horizontal line at chart for buystop/buylimit/buy to cover short, add options for plus with spreads, yes or no. if yes, when we draw buystop at price 100.00 at the chart, it will buy at bid price - 100.02 (2 pips spread) - this is an important features for most chart trader. Thats when this options is selected as yes, it will always buy at bid prices when you draw at chart (ask price).


ps - x = numbers, 1,2,3,4 and so on.

Thanks