Market / MetaTrader 4 / Utilities /

Line Trader

30 USD

Demo downloaded: 814

Published: 27 August 2015

Current version: 2.20

Line Trader

4.71

Utilities
Rainer Albrecht
Version: 2.20
Updated: 11 April 2018
Activations: 10

This EA you can automatically act on trend lines of your choice. You only need to draw a line and then press the buy or sell button.

Suitable for traders the chart pattern (triangles, channels, spikes ...) act.

The tool is also suited for quick and easy to set Pending Orders.

Input parameters

Magic - Choose magic number
MoneyManagement - Automatically calculated lot size, values are displayed on the lines
RiskMode - Choose risk model RiskPercent or RiskMoney
RiskPercent - In percent when money management is turned on calculated size
RiskMoney - In money when money management is turned on calculated size
TakeProfit - Choose take profit in pips
StopLoss - Choose stop loss in pips
LineDistancePips - Trade is executed before line
SlipPage - Maximum allowable distance between trend line and price for a trade in pips
SpreadMax - Maximum allowable spread for a trade in pips
Breakeven - Distance between order price and price in pips (0 = off)
BreakevenPlus - Example Long: -30 = 30 pips under open price
TrailingPips - Trailing stop in pips (0 = off)
TrailingProgressive - Stop loss is progressively reduced, take profit is necessary
OneClickTrading - One click trading, if no trend line has been selected
TradeAtClose - Trade when "close price" of the last candle line crosses
Hidden - Possibility to hide Stop loss and Take profit from broker
PanelCorner - Dock the panel in the desired corner
PanelX - Horizontal distance of the panel in pixel
PanelY - Vertical distance of the panel in pixel
ButtonColorSell - Color of the sell button
ButtonColorBuy - Color of the buy button
ButtonColorText - Color of the text for all buttons
LineColor - Color of the line when it is activated
LineColorTP - Color the take profit line
LineColorSL - Color the stop loss line
LineStyle - Styles for all lines (solid, dash, dot, dash dot, dash dot dot)

more...

monmak1 2021.02.26 08:37 #

Good EA! easy for everyone. if you are a line trader, this EA will help you so much. thank you Rainer , Good hard work

374

EllyMaus 2021.02.21 12:00 #

Sehr gut !

310

paddock 2020.11.13 00:25 #

Thank you. Does all it's supposed to do. The best value for money ever. If your a line trader, even occasionally it's worth having in your arsenal. Highly recommend.

The only thing I would like is if you had a show/hide button for the info panel as it takes up too much of the screen, but still worth 5 stars.

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The indicator plays sound alerts when the price reaches certain levels, specified by trader. You only need to draw a trendline and then press the alert button in the panel. The texts of the notification you determine. Notification via a smartphone or email address is possible. Note for "Free Demo" : MetaTrader 4 does not support displaying an alert window or playing sounds in the strategy tester, only in live or demo accounts. How it works Draw a trendline Click the "Alert" button (Trendline

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Fastest way to change the period. Suitable for traders who use many charts and timeframes. Size, shape and color can be customized. Inputs Parameters Corner — Choose corner placement Standart is "Right lower chart corner" Color — Background color of the button ColorText — Text color of the button ColorOn — Background color of the button for the current period ColorOnText — Text color of the button for the current period Font — Arial, Verdana... FontSize — Size of the font in pixels DistanceX —

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The indicator automatically sets trendlines on the really important points directly on the chart. Timeframe, color and style of the lines can be adjusted. Notification of a breakout above or below the line via a smartphone is possible. Inputs Timeframe - Choose timeframe TrendlineColor - Choose line color TrendlineStyle - Line styles (solid, dash, dot, dash dot, dash dot dot) Alerts - True = alert SendNotifications - True = Notification via a smartphone

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The indicator automatically sets trendlines on the really important points directly on the chart. Timeframe, color and style of the lines can be adjusted. Notification of a breakout above or below the line via a smartphone is possible. Input Parameters TimeFrame : Choose timeframe AppliedPrice : Choose close , open, high, low, median, typical or weighted price Formation : Choose swing, Shoulder head shoulder or long term formation Alerts : true = alert is on SendEmail : Send message to email a

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The indicator automatically sets trendlines on the really important points directly on the chart. Timeframe, color and style of the lines can be adjusted. Notification of a breakout above or below the line via a smartphone is possible. Input Parameters TimeFrame : Choose timeframe Formation : Choose swing, Shoulder head shoulder or long term formation Alerts : true = alert is on SendEmail : Send message to email address SendNotifications : Send message to smartphone or tablet AlertAtClose

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Filter:

monmak1 2021.02.26 08:37 #

Good EA! easy for everyone. if you are a line trader, this EA will help you so much. thank you Rainer , Good hard work

374

EllyMaus 2021.02.21 12:00 #

Sehr gut !

310

paddock 2020.11.13 00:25 #

Thank you. Does all it's supposed to do. The best value for money ever. If your a line trader, even occasionally it's worth having in your arsenal. Highly recommend.

The only thing I would like is if you had a show/hide button for the info panel as it takes up too much of the screen, but still worth 5 stars.

514

Kostbar 2017.08.11 21:54 #

5 Sterne ... sehr guter Indikator. Ich nutze ihn täglich; sehr schnelle, einfache und stressfreie Handhabung. Zuverlässige Ausführung mit vielen unterschiedlichen Einsatzmöglichkeiten. Wunderbar.

388

Airat Zainetdinov 2017.05.09 08:59 #

Можно сделать так чтобы панель была всегда поверх графика. И не реагировала на линии графика.

128

Sehn 2016.11.24 01:41 #

Misleading, unable have diagonal trend line stop/tp. 5 Stars otherwise

Akshay De 2015.09.18 09:59 #

Simple and effective EA, if you are a trendline/pattern trader then look no further. I have spent lots of money buying other products for trading the trendline/pattern , and I wasted a great deal of money. This product finally meets all the expectations of a trendline/pattern trader.

The support is really great and fast, I have requested the coder to implement options for closing/reversing the trades and he has happily agreed.

159

martkoni 2015.08.31 11:07 #

Very easy to trade especially a lot of positions. I draw many lines, press buton SELL and the EA will trade them with SL, TP, Breakeaven. I can easily prolong the lines, SL and TP will prolong automatically.

Version 2.20 2018.04.11

Inputs:
Takeprofit = 0 - no takeprofit is set
Stoploss = 0 - no stoploss is set

Version 2.11 2017.08.14

Lot size in the panel when Moneymanagement is enabled.

Version 2.10 2017.04.05

Added input "Hidden" - Stoploss and takeprofit are hidden before broker

Version 2.0 2016.12.22

Added input "TradeAtClose" - Trade when "close price" of the last candle line crosses

Version 1.90 2016.04.08

Added input "LineWidth" - Lines width in pixels

Version 1.80 2016.02.19

Added input "TrailingProgressive", stop is used progressively, takeprofit is necessary

Version 1.70 2016.01.22

- Added One Click Trading, if no trend line has been selected. Feature can be disabled
- Added Display for daily profit.

Version 1.60 2016.01.14

Added trailing stop, new input "TrailingPips", 0 = off.

Version 1.50 2015.11.03

Added Money-Management.

Version 1.42 2015.10.22

Fixed a bug: SL and TP lines disappeared when editing

Version 1.41 2015.10.08

Fixed bug - No trading in some broker

Version 1.4 2015.10.01

Added the new Reversal All button - reverse a trade direction

Version 1.3 2015.09.23

Improved CloseAll

Version 1.2 2015.09.21

Added the new button CloseAll - close all orders on the chart

Version 1.1 2015.09.17

Added the new input LineDistancePips
Trade is executed before line