Here is a set-up for USDCAD with an attached template file. You can use this template file to put the lines on your chart and Tipster Trendlines to trade it.
Here is a set-up for USDCAD with an attached template file. You can use this template file to put the lines on your chart and Tipster Trendlines to trade it. {file}
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Well price went above the sloped down trend line, now I'll wait for a pull back to the appropriate demand level and enter.
Hi , can this ea execute market orders at the touch of lines ? or does it just send limit and stop orders to the broker . I want to have market order entry's at the touch of the ea's line then stops and target orders sent to the broker . Cheers
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No like you suggest.
If you are set up to buy and price is higher than it will use a limit order.
If you are set up to buy and price is below the line it will place a buystop, and if ou also set "enteronclose=true" is will send a market at the close of the candle that happens over the line.
You can use a script to fire off a market order by clicking on the script.
It doesn't send market orders at the touch of the line because that makes no sense unless you are scalping, and I don't use this to scalp. If you are at the PC when price gets to where you want you can also drag line line to price to enter.
yes thanks ..... could you code in an option to enter at market at touch of line ?# Cheers
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I'll put this on the "to-do" list and consider it. It will be a couple of weeks before I sit down to look at the code again though. Can you tell me your thoughts on the situation where you would use this? I'm curious and it will help me to code it as well if we go ahead with it.
an option to make all the lines move in unison would be nice.
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This is almost impossible given the coding ability/flexibility in MQL4 programming. It would introduce lots of code that would both slow down the execution speed of the code and could introduce bugs requiring extensive testing before using on a live account.
yea when i say move in unison i mean the change of angle .
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So how would this work?
When you change the angle of the entry line, you want all other lines to follow the same angle? So we could have a setting called "Parallel Lines = true"?
Then the lines would always be parallel.
Before we add this to the "to-do" list, I need you to visit this link and think about what you want to do. Go thru a few trade scenarios and see if there is a possible "gotcha". Go HERE and scroll down to the word "Warning" in bold on the left side and you will also see a picture. This is what it says there....
Warning - Watch out for this scenario – a sell stop order is set up, looking for a break downwards. The price breaks through and we enter a position. Price climbs up then back down to the BE line. At this time the stop is moved to BE but BE is below current price, the trade is closed for a loss. I suggest always using a horizontal BE line that is placed away from any possibly entry on the current bar. Then you can walk away and check the trade progress at a later time.
Instead of a change to the EA, we could also write a script for this. The inputs to the script would ask you what lines to make parallel, and default to all of them. This way we don't change the EA.
I have not thought thru the code issues for either of these, just wanting to make sure it is well thought out before we travel that road.
{quote} So how would this work? When you change the angle of the entry line, you want all other lines to follow the same angle? So we could have a setting called "Parallel Lines = true"? Then the lines would always be parallel.
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Yes that's right but I think it would have to be a button on the chart because sometimes you will need the stop to be horizontal .
