Are you looking to enhance your trading strategy with a reliable Expert Advisor? Look no further than the Simple Levels EA for MetaTrader 4. This nifty tool takes the guesswork out of trading by opening positions based on support and resistance levels that you set using trendlines from the toolbar.
Here's how it works:
- Trade the Move from Levels: When the price dips below a set level, the EA will automatically open a sell position as soon as the price crosses back above it. Conversely, if the price is above the level, a buy position will be triggered when the price drops back down.
- Trade the Crossing of Levels: Similar to the first option, but this time, it's all about crossing. If the price is below a level, expect a buy position to open right when the price crosses above. A sell position will activate if the price is above and crosses back down.
Each level is color-coded based on its angle, making it easier for you to identify their significance at a glance. If you notice a level that seems off, it could be due to incorrect arrow settings, which will make the level appear thinner. To create a horizontal level, simply drag the second handle to the left of the first handle.
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