A very special forex trading robot for manual traders. It's more like a semi-automated trading system, because all you need to do is draw desired levels on the chart, and the EA will do the rest of it. Using this particular "Trade Trendlines EA MT5", you're able to draw trend lines on the chart as needed, and the EA will open buy or sell trades once the lines have been crossed. Application scenarios are endless: it may be a channel, a double channel, support and resistance levels, an uptrend or downtrend, and many others.
Buy trade: You have to select the color of the trend line. For example, to use the "Lime" color, simply manually draw a trendline on the chart and ensure that the colors match. Once the line is crossed, EA opens the buy trade. Very easy and fast.
Sell trade: You have to select the color of the trend line. For example, to use the "Magenta" color, simply manually draw a trendline on the chart and ensure that the colors match. Once the line is crossed, EA opens the sell trade. Very easy and fast.
The trend line can't be drawn like this. In this case, EA wouldn't be able to open any trades.
This is the correct example of how trend lines have to be drawn on the chart. EA will open trades properly.
In this example, a trend line is drawn in the "magenta" color, and a sell trade option is selected. In this example, we can see that the line has been crossed and the sell trade has opened.
In this example, a trend line is drawn in the "lime" color, and a buy trade option is selected. In this example, we can see that the line has been crossed and the buy trade has opened.
It's possible to draw as many lines as you need to. Endless possibilities.
Input menu of the "Trade Trendlines EA MT5."
I hope that all is nice and clear.
The settings of the EA:
Lot management options: choose one of the three lot managements and set it to true; the other two must be set to false.
Fixed lot: a simple fixed lot that is applied for each trade.
Martingale: start lot and a multiplier, EA will use a lot multiplier if the previous trade was in loss.
Risk management: select your desired risk percentage per trade, and the EA will automatically calculate the risk size. Stop loss must be used.
Trade comment: use it if you want to add a comment for each trade separately, for example, "Trade Trendlines EA MT5".