Description:
Meet the DeMark Lines EA, your new trading ally that harnesses the power of the renowned DeMark Lines indicator to automatically draw trend lines on your charts. Each time a signal pops up, this expert advisor executes four trades with varying settings—offering you flexibility and control. Plus, if you need to switch gears, it can easily be reversed!
To get started, simply place the DeMark lines.mq4 file in your indicators directory and the DemarkLinesEA.mq4 file in your experts directory.
Recommendations:
Always start by testing on a demo account to ensure the strategy aligns with your trading style.
Strategy Tester Report
DemarkLinesEA
InterbankFX-Demo Accounts (Build 217)
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 4 Hours (H4) 2008.07.25 00:00 - 2008.08.01 12:00 | ||||
| Model | Every tick (the most accurate method based on all available data) | ||||
| Parameters | Reverse=false; TradeOrder1=true; TradeComment1="Trade1"; TradeLots1=1.5; TradeSL1=30; TradeTP1=0; | ||||
| Bars in test | 1034 | Ticks modeled | 46,452 | Model quality | 90.00% |
| Initial deposit | £10,000.00 | Net profit | £41,626.40 | Gross profit | £41,626.40 |
| Total trades | 9 | Winning SHORT trades % | 3 (100.00%) | Winning LONG trades % | 6 (100.00%) |
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