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My Line Order
This EA uses horizontal lines to have quick and easy order management. It uses the description to store variables such as Stop Losses and lot sizes.
External variables:
LO_PREFIX = The starter string which EA to look out for. Default = "#"
LO_ORDER_CLR = Colour of the open price of the trade
LO_ORDER_STYLE = The number for the style of the line ( 0 = Solid, 1 = Dash, 2 = Dash Dot)
LO_STOPLOSS_CLR, LO_TAKEPROFIT_CLR = The colour of the Stop loss line and Take profit line respectively
LO_STOPLOSS_STYLE, LO_TAKEPROFIT_STYLE = The style of the Stop loss line and Take profit line respectively
LO_LOTS = The default size of trade, if no value entered in line's description then this is used
LO_STOPLOSS, LO_PIPPROFIT = The default pip values for stop loss and take profit. 5th point brokers can have a decimal here eg. 20.5
LO_PIPTRAIL = The default trailing stop. If set to 0 no trailing stop
LO_ALARM = When a trade isn't open then an alert will be activated. (Not sure if it works need to test it first)
MAGIC_NUMBER = The magic number sent along with the order
LO_ECN = If trading with an ECN set to 1. Will send the order without Stop Loss or Take Profit then modify it straight away.
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About My Line Order
https://mt4talk.com/misc.php?action=pun … download=1
MyLineOrder EA works by letting you draw lines on your trading chart with specific names and descriptions. These lines represent your trading conditions, such as when to buy or sell, set stop losses, take profits, and more. When the market aligns with these conditions, the EA automatically executes your trades.
Create lines on your MT4 chart with specific names like "buy," "buypend," "sell," or "sellpend."
Customize these lines by adding parameters in their descriptions, such as stop loss (sl), take profit (tp), lot size (lo), trailing stop (ts), and alarm (for notifications).
MyLineOrder EA constantly monitors these lines and executes trades when the market matches your criteria.
It can handle various order types, including market orders (buy/sell) and pending orders (buy stop/sell limit).
MyLineOrder EA adjusts your stop loss and take profit levels as needed to maximize your profits.
You can also enable alarms to get notifications when a trade is executed or when a condition is met.
Adjustable Parameters:
LO_PREFIX: The prefix for your line names, making it easy to identify them.
LO_ORDER_CLR & LO_ORDER_STYLE: Customize the appearance of your trade lines on the chart.
LO_STOPLOSS_CLR & LO_STOPLOSS_STYLE: Set the color and style of your stop loss lines.
LO_TAKEPROFIT_CLR & LO_TAKEPROFIT_STYLE: Customize the color and style of your take profit lines.
LO_LOTS: Determine the lot size for your trades.
LO_PIPPROFIT & LO_PIPSTOPLOSS: Set your pip profit target and stop loss limit.
LO_PIPTRAIL: Enable trailing stop and set the trailing distance in pips.
LO_ALARM: Turn on or off trade alarms for notifications.
MAGIC_NUMBER: A unique identifier for your trades.
LO_ECN: Enable or disable ECN mode for your broker.
This EA simplifies your trading. Instead of manually placing orders and constantly monitoring the market, you just draw lines and let the EA do the work. It's perfect for traders who want an easier way to trade.
You can use different types of lines, like market orders (buy/sell) and pending orders (buy stop/sell limit). This flexibility allows you to adapt to changing market conditions.
You have control over various parameters like lot size, pip profit targets, stop loss limits, and more. It lets you tailor the EA to your trading style.
MyLineOrder EA manages your trades automatically. It adjusts stop loss and take profit levels as needed, helping you maximize your profits while minimizing losses.
You can set up alarms to get notifications when a trade is executed or when specific conditions are met. This keeps you informed without having to constantly check your charts.
In my opinion, MyLineOrder EA is a great tool for traders looking to simplify their trading process. It's suitable for both beginners and experienced traders who want a more automated and customizable approach to trading. The ability to draw lines on the chart and have the EA execute trades based on those lines is a game-changer. Plus, the flexibility to set your parameters and receive notifications makes it even more appealing.
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