One more useful forex tool for manual traders. This EA trades by horizontal lines on the chart where the EA is attached. This trading robot is quite simple, but it can be used in many ways. It can be the previous day's low or high, or even previous month's, pivot points, some indicator info, trades grid above and below and etc.. You can apply it as you need.
How to use Level Trader EA?
First attach the EA on the chart, for example EURUSD 1H. You can use this free trading robot on as many charts as you need, just set different magic numbers for each EA. Then prepare settings for trades, set your desirable lot size for buy and sell positions, stop loss and take profit as well (if you don't need stop loss or take profit when set 0 into setting). Once it's done, the expert advisor is ready for his job, now he waits for conditions to open buy or sell trades. As I said it's a semi automated system, so it depends on you where orders will be placed.
If you're a subscriber hit the download button and start using this EA.
If you haven't subscribed one of the plans yet.
Need help? Any questions?
If you don't want to become a subscriber, you can easily purchase this EA alone.
Price: 50 euros
Make a payment
Contact us and your copy of the EA will be ready in a few hours
This is how prepared chart looks like
Below you can see the robot and horizontal lines settings. Buy line color has to match with horizontal line color. These colors have to be the same. So if you set the Blue color for buy position, so when you put horizontal lines on the chart it has to be in the same color (Blue).Matters only the color, name or description can be any. In this way trading robot know his line and what to do. For selling positions the same process. Indeed don't set the same colors for buy and sell positions. Once the Blue line will be crossed from below to above it will open buy trade instantly Once the Red line will be crossed from above to below it will open sell trade instantly 1 line = 1 trade, so if the robot already opened a trade in one of the levels and the trade is still open, the robot doesn't have the permission to open one more trade in the same level. but once trade was close and if price will cross the line again, so robot will open trade again. If you need more trades, just put more lines on the chart. You can put as many horizontal lines as you need. Buy = Blue color. Red = Sell. In this way you can trade in the various situations and prepare your chart for a few strategies or some price levels you need.
An example how you can prepare the grid for both sides, prices is trapped between levels
An example how you can use the Level Trader EA with ZigZag indicator
Last EA update 2021.11.05
Eaproducer.com quality standards.