A pro tool for pro traders. Semi-automated tool for your casual trading routines. With this EA, you can raise your trading quality to a new level. You just need to set up your trading levels, which may be 1 or 50, and the EA will do everything for you. Also, everything is hidden, so your broker doesn't know where you're going to place the "pending order" or where you're going to close it. It's very easy and comfortable to use this trading robot because you just need to draw horizontal lines on the chart with a color-match setting, and that's it. It's 10x faster, and you don't need to prepare each real pending order separately, which may be very boring and slow. Once a trade has been opened, EA deletes the horizontal line to avoid repeating it again. Just keep in mind that in order to open or close trades, your MT4 must always be running.
This EA may be used for strategies like breakout levels, support and resistance levels, previous day's highest and lowest prices, news trading, and many others.
Strategy tester: EA works exactly the same in the strategy tester, so you're able to test and trade your strategy much faster and find out the best settings and other details much faster.
Color match your horizontal lines on the chart, like in the example below.
You can draw as many levels as you want and wherever you want. EA will handle all of them.
Stop loss, take profit, break even, and trailing stop are hidden, and EA uses virtual lines instead of real prices. Broker can't see it and control it.
Inputs menu of the Hidden Pending Orders Pro EA MT4.
Lot size - simple fixed lot which is applied for each trade.
Trade comment - use it if you want to add a comment for each trade separately, for example "EURUSD M15".
Stop loss pips - set a stop loss in pips which will be used for each trade separately.
Take profit pips - set a take profit in pips which will be used for each trade separately.
Max trades Buy/Sell - for example 10, this will result in max open 10 buy trades or max open 10 sell trades.
Pips on profit to enable - once reached, break even is applied.
Offset pips from open price - the distance from the open, in this way you can avoid spread size by adding extra 2 pips for example.
Trailing start pips - once the trade has this amount of profit, trailing stop is activated.
Trailing stop pips - trailing stop distance from the stop loss to the current price.
One trailing step - it's basically how often do you want to refresh the trailing stop.
Trading time settings - that's simple, simply choose time and weekdays you want to trade.
Spread filter - set max allowed spread size in pips, EA checks it before opening the trade. If the spread size is too big = no trade.
Profit closer - simply choose the desirable amount of profit all trades combined which are placed by this EA.
Loss closer - simply choose the desirable amount of loss all trades combined which are placed by this EA.