Trend Line Closer

Trend Line Closer (TLC)

The purpose of the TLC is to automatically close an open position.

• 1.       The user will manually draw a diagonal trendline on an MT5 chart that is below an up trend or above a down trend.
• 2.       The trendline will extend to the right to infinity.
• 3.       If the price touches the trendline, then the TLC will automatically generate a close for the open position at market.

The user may:

• 1.       Manually draw a trendline.
• 2.       Activate the trendline as a TLC line.
• 3.       When activated, the trendline will change to magenta.
• 4.       In the first iteration of the TLC, there will only be one open position. Activating the trendline to be a TLC will automatically link it with the open position.
• 5.       Manually close a position which automatically unlinks it from the TLC which the EA then deletes from the chart.
• 6.       Edit the position of the trendline.
• 7.       Delete the TLC from the chart. This will leave the open trade intact.