Interactive EA

Hi everyone!




I'm looking at building a intecactive EA soon that will execute transaction base on trendline that we put on our charts.

This EA will not take decision. It will buy, sell and take profit base on trendline.


For exemple:

Lets says we want to buy after a resistance,

1- We create a trend line and we name it 'TD_buy'

2- We create a support line and we name it 'TD_sell'

A soon the price go higher, the EA will automaticaly buy and put a sell limit base on 'TD_sell' trend line

But from there, we can do a lot more:

1- We can do the same for take profit

2- Define the S/L: if no TD_sell then use 30pipsSL or use Bollinger Band as support, etc

3- Automaticaly define risk ratio

 

1. If EA decide that theres is a 30 pips S/L, and with 3% risk on 1000$ account, it will buy 1 mini lots ( 1000*0.03 = 30$risk / 30pips = 1$ per pip risk)

4- Define the entry method : After candle close or TD Break

Why this EA?

 

1. Easier to manage risk ( your do not have to think )
2. Quick change for buy,sell and take profit(No confirmation from server side) ( im lazy ;-) )
3. Work with any system that use support and resistance

I will build this EA soon, i also build custom indicators that i will share soon.


Give your feedback about this or if you know something thats already done let me know.

Please, feel free to give ideas and constructive comments are welcome.


If comment are good about this EA, i will post my step by step plan for creating this EA.




Thanks, and by the way, FF is a great site ( love the calendar )