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OrderOnLine

The Expert Advisor opens orders from the horizontal line, the a trader can set on any level by dragging using the mouse or by changing the line properties.

For example, when a horizontal line is above the current price, the EA will open a Buy order once the horizontal line is reached. And vice versa:

If the line is below the current price, the EA will open a sell order once the line is crossed.

A buy crossover of the line is:

  • opening of the current candlestick below the horizontal line;
  • the current Bid-price is at the line.

A Sell crossover of the line is:

  • opening of the current candlestick above the horizontal line;
  • the current Bid-price is at the line.

The EA places Stop Loss and Take Profit.


Settings:

  • dist - a distance where the line is drawn at the EA initialization. When you start the EA, the line will appear above the current price;
  • Lot - traded lot;
  • TakeProfit;
  • StopLoss;
  • LineColor;
  • LineWidth;
  • Order_Comment;
  • Text - show or hide information;
  • X - text location relative to the X axis;
  • Y - text location relative to the Y axis;
  • TextSize;
  • Magic - the magic number to identify the EA's orders.
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The Expert Advisor builds channels based on the data obtained using ATR and MA indicators according to the equations: Upper channel border = MA + ATR * (FIBO); Lower channel border = MA - ATR * (FIBO), where FIBO has the following values: Style of Trade - Aggressive = 1.61852; Style of Trade - Average = 3.26704; Style of Trade - Calm = 4.85556. Trades are opened inside the channel with the intervals defined in the settings. Long and short positions are opened independently. Positions are closed
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Version 2.0 2023.07.25
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