Automated Trading Using Drawing Tools
Hi,
I'm a TradingView user and thinking of switching to Meta Trader. Quick question - is it possible in Meta Trader to create automated trading systems using chart drawing tools? For example, say I drew a trend channel over the price and wanted to create a program to buy at the bottom of the channel and sell at the top? I understand something like this could be hard-coded, but I want to have the flexibility to draw on the chart and have an automated system recognise my drawings rather than having to code specific parameters.
Thanks
Yes. You can find programs in the Market section that can help with it.
MetaTrader doesn’t natively support automated trading based on chart drawings like trend channels. However, you would need to use custom indicators or expert advisors (EAs) with predefined conditions based on drawn objects to automate trades.
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Hi,
I'm a TradingView user and thinking of switching to Meta Trader. Quick question - is it possible in Meta Trader to create automated trading systems using chart drawing tools? For example, say I drew a trend channel over the price and wanted to create a program to buy at the bottom of the channel and sell at the top? I understand something like this could be hard-coded, but I want to have the flexibility to draw on the chart and have an automated system recognise my drawings rather than having to code specific parameters.
Thanks