BreakThrough: Your Simple Trading Tool for MetaTrader 4

Mike 2013.09.19 16:56 26 0 0
Attachments

Description:

BreakThrough isn’t your typical trading system; it’s a unique tool designed to execute trades based on the trend lines you draw on your chart.

How does it work? It’s pretty straightforward:

  • If you label your trend line as “buy,” the system will trigger a buy order once the price crosses that line.
  • Conversely, if you call it “sell,” it will initiate a sell order upon crossing.

To get started, simply draw your trend line on the chart and rename it to either “buy” or “sell.” The system will only open one buy and one sell trade at a time.

If you want to keep the trades rolling, you can remove the old line and place a new one whenever you wish for the system to react to new trend line crossings.

Additionally, you can set your take profit and stop loss levels in the settings of your expert advisor. For even more control, you can create dedicated trend lines for take profit and stop loss. Just name them accordingly: “buyTP,” “buySL,” “sellTP,” and “sellSL.”

Here’s how it works: If the price rises above your buyTP or falls below your buySL, the system will close all buy trades associated with that magic number. Similarly, if the price dips below your sellTP or climbs above your sellSL, all sell trades linked to that magic number will be closed.

So, whether you’re a beginner or an experienced trader, BreakThrough can enhance your trading strategy with its simple yet effective approach!

List
Comments 0