Hey traders! If you're looking to streamline your trading process, let me introduce you to MTrendLine, an incredibly handy tool for managing pending orders based on trend lines. It’s super user-friendly, so let’s break down how it works.
How to Use MTrendLine
First off, you’ll want to draw your trend lines on your chart. After that, place a pending order at a set distance, say 100 points below the current price. Next, check the properties of your trend, and don’t forget to copy the TrendLine number into your clipboard.
Once you’ve activated the EA, enter the number of your pending order into the Ticker. Then, simply paste the TrendLine number from your clipboard. The Dist value represents the distance between your order and the pending order, and it helps keep everything organized.
Timeframe Matters
Keep in mind that if you’ve placed the EA on an H1 timeframe, it will refresh and adjust your pending orders every hour. For smaller timeframes, you can expect it to update more frequently, giving you that edge in your trades.
For any questions or if you need further assistance, feel free to reach out to me here. Happy trading!
Comments 0