script that closes an open position after breaching a trendline | Forex Factory

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script that closes an open position after breaching a trendline

  • #1
  • First Post: Dec 11, 2007 9:59pm Dec 11, 2007 9:59pm
hello ma friends. do you know of any metatrader script that closes an open position when a trendline is breached/crossed by a candle that had closed beyond this trendline?

btw, i open manually the position and draw manually the trendline.

thank you very much for any help and direction. :-)
  • #2
  • Dec 12, 2007 7:08pm Dec 12, 2007 7:08pm
anybody?
  • #3
  • Dec 14, 2007 7:57pm Dec 14, 2007 7:57pm
Hi monzulu,

Does the candle have to just touch the trendline to close the position or does it have to close under/over the trendline (depending on the entry)?

Regards,
lucidlamp
  • #4
  • Dec 14, 2007 10:08pm Dec 14, 2007 10:08pm
Quoting lucidlamp
Hi monzulu,

Does the candle have to just touch the trendline to close the position or does it have to close under/over the trendline (depending on the entry)?

Regards,
lucidlamp
hi lucidlamp,

the candle has to close under(or over) the trendline.

i am thinking of implementing this on the 1H timeframe.

again, many thanks lucidlamp.

best regards,

mon
  • #5
  • Dec 16, 2007 8:38am Dec 16, 2007 8:38am
Hi monzulu,

This should work. All you have to do is:

1: The trendline to be crossed has to be named breech.

2: Place the word breech in the order comment when placing an order. I added this if you plan to run other trades on the same pair. So the script will not interfer with, perhaps, trades placed by an expert, trades placed while scalping, or any other trades. The addition of the comment breech can be removed if you plan to place only one trade on the pair while the script is running.

I have not tested real time, but it should be fine. I do suggest, strongly, trying it before running it live though.

Attached File(s)
File Type: mq4 breech.mq4   1 KB | 939 downloads


Regards,
lucidlamp
  • #6
  • Dec 16, 2007 1:27pm Dec 16, 2007 1:27pm
Quoting lucidlamp
Hi monzulu,

This should work. All you have to do is:

1: The trendline to be crossed has to be named breech.

2: Place the word breech in the order comment when placing an order. I added this if you plan to run other trades on the same pair. So the script will not interfer with, perhaps, trades placed by an expert, trades placed while scalping, or any other trades. The addition of the comment breech can be removed if you plan to place only one trade on the pair while the script is running.

I have not tested real time, but it should be fine. I do suggest, strongly, trying it before running it live though.

Attachment

Regards,
lucidlamp
hi lucidlamp, thank you very much for your help. i will try this and let you know how it's doin'. but i'm sure it will be a major tool in my arsenal.

christmas has arrived to me earlier!!!

again lucidlamp thanks very much and merry christmas!

all the best to you and your family!

kind regards,

mon
  • #7
  • Apr 8, 2011 3:07am Apr 8, 2011 3:07am
Quoting lucidlamp
Hi monzulu,

This should work. All you have to do is:

1: The trendline to be crossed has to be named breech.

2: Place the word breech[color=black] in the order comment when placing an order. I added this if you plan to run other trades on the same pair. So the script will not interfer with, perhaps, trades placed by an expert, trades placed while scalping, or any other trades. The addition of the comment breech can be removed if you plan...

HI this is my first time to post on a forum relates to Fx , iv been using the breech EA and find it really useful

i was wondering if its possible to get this EA with when the candle croses the trend line that it coloses the position on the tick count as some times points can be lost waiting for the candle to closes on the bar

or is there a simiuler trend line that can close a trade only on the tick count
as it would be handy for the one min chart

thanks
  • #8
  • Last Post: Dec 10, 2012 2:32pm Dec 10, 2012 2:32pm
Curious if this EA could be modified to, rather than open and order, call and execute a script that the TL is named after. The uses of this would be very versatile.
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