trend line by angle
Info
The trend line by angle is a Expert Advisor for MetaTrader 4 that with "trend line by angle" ea you can draw trend line by angle on the chart and trade with price breakthrough or trend,has 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once. try it on demo first.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use trend line by angle
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
with "trend line by angle" ea you can draw trend line by angle on the chart and trade with price breakthrough or trend,has 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once.
Typical Use Case
This Expert Advisor excels in trend following on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Trade from Lines (e-tfl) - Advanced Line Trading Expert Advisor - another powerful expert for MetaTrader 4 traders.
Also recommended: lx eurjpy: an adaptive trend-following expert advisor - similar expert with strong performance on MetaTrader 4.
with "trend line by angle" ea you can draw trend line by angle on the chart and trade with price breakthrough or trend,has 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once.try it on demo first. inputs
use_tp_in_money- use take profit in money (values:true/false).
tp_in_money- take profit in money (values: 10-100).
use_tp_in_percent- use take profit in percent (values:true/false).
tp_in_percent- take profit in percent (values: 10-100).
------------[money trailing stop for multiple trades]----------------------
enable_trailing-enable_trailing with money (values:true/false).
take profit in money (in current currency) (values: 25-200).
stop loss in money(in current currency) (values: 1-20).
--------------------------------------------------------------------------------------
exit= close trades if the trend is against you and control draw dwon (values:true/false).
line name
1 st point's date, %
1 st point's price, %
line's slope angle
line color
line style
line width
background line
highlight to move
line's continuation to the right
hidden in the object list
priority for mouse click
enable "stop"
lots - lots size (values: 0.01-1).
maximumrisk = maximum risk in precent (values: 0.01-10).
decreasefactor= (values: 0.01-1).
stop_loss - stop loss (values: 30-500). /set value 600 for multiple trades
takeprofit - take profit (values: 50-200). /set value 600 for multiple trades
magicnumber - magic number (values: 1-100000).
numberoftrades= number of trades (values: 1-100).
----------------if you use only 1 trade:-----------------------
//////////////////////////////////////////////////
trailingstop-set a value from 40 to 100 to activate trailing stop loss & take profit, "0" will not activate trailing stop loss.
usemovetobreakeven - enable "no loss" break even system (values: 0-1).
when move "break even"- (values: 5-30).
how much pips move- "break even" (values:5-30).
You may also like: forces momentum: trend determination tool - excellent alternative for expert users on MetaTrader 4.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.