The Trendline Trade Panel was created to make it easier to train forex trading skills in backtester and at the same time make it easier to live trade using trendlines with the push of a button.
This ea is perfect for beginners who want to learn to trade manually because all of its features are equipped with basic tools for trading forex.
Superiority:
+ Can be used to perform recovering loss positions made by other ea or positions that open manually. Fill in magic number=0, then the ea will automatically recognize all open positions in the symbol/currency.
How to trade properly using Trendline Trade Panel:
here,
here and
here
1. Manage Open Positions
+ Trade Buy: allow buy
+ Trade Sell: allow sell
2. Manage pending orders
+ Delete trendline after opening a position: set false for continuous pending orders.
3. Manage Lot and Money
+ AutoLot (ex. 1000 $ = 0.01): Manage lots
+ if AutoLot = true, fill in Money to manage, $: Fill in money to manage (Ex. Balance 5000, fill in 1000, Autolot = 0.05)
+ Max Lots per Trade
4. Manage GRID
+ Use GRID: manage GRID
+ Lot Type: Select lot type
+ Multiplier for Martingale: Multiplier lot coefficient
+ Maxtrade: Max trade allowed
5. Buy Grid Parameters
+ Use Hedging Buy: Hedge buy positions
+ Use Pyramid Buy: Open a long position if the initial position is profitable
+ Use Averaging Buy: Open a long position if the initial position is losing
+ Buy Step (in pips): Distance to open the next long position
+ Expanding Step Coefficient Buy: coefficient multiplier
6. Sell Grid Parameter
+ Use Hedging Sell: Hedge sell positions
+ Use Pyramid Sell: Open a short position if the initial position is profitable
+ Use Averaging Sell: Open a short position when the initial position is losing
+ Sell Step (in pips): Distance to open the next short position
+ Expanding Step Coefficient Sell: coefficient multiplier
7. Manage SLTP & Trailling
+ Use Virtual Stop Loss & Takeprofit: Virtual Stop Loss & takeprofit
+ Virtual Stop Loss (in pips): Stop loss in pips
+ Virtual Take Profit (in pips): Takeprofit in pips
+ Averaging Trailing, in pips: Trailing all in pips
+ Trailing Start (in pips): Trailing starts in pips
+ Trailling Size (in pips): Step trailing in pips
8. Manage Drawdown Reduction
+ Use Auto Close Partial, in money: close partial in
+ Select Close Partial Method:
+ Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
+ Close partial buy / sell: partial close by bringing only 1 buy loss or 1 sell loss.
+ Close partial all: A combination of close partial buy & sell and close partial buy / sell.
+ Number of trade to activate partial close: Minimum amount of open positions to start applying partial close.
+ Minimum profit to close partial $: Minimum profit amount to do partial close, in money.
+ Use Auto Close Partial, in percentage: Close partial in percentage
+ Number of trade to activate partial close: Minimum amount of open positions to start applying partial close.
+ Percentage of profit to close partial%: Minimum profit amount to do partial close, in percentage.
9. Time Management
+ Trade Start Time: Time to start placing pending orders
+ Trade End Time: The time the trading session ends
10. Manage Others
+ Max Spread (in Pips): allowed spreads.
+ Coefficient (if Freeze = 0 Or StopsLevels = 0): Multiplier coefficient when freezelevel / stoplevel = 0
+ Magic Number: EA identifies open positions based on this magic number. Fill in 0 (Zero) so that ea can recognize all positions opened manually or by other eas.
+ Text Color: Change the text color
+ Line Width: The thickness of the trendline
+ Button Corner Side button placement: corner of button placement
Note: In MT5 backtester, Trendline cannot be dragged like in MT4.
