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Hi,
please check this, and let me know, what do think about is.
Csaba
Trendline EA
TakeProfit=
StopLoss=
Trailing=
BE=
up line= limit or stop order
down line= limit or stop order
MoneyManagement=
MM percent=
EA uses trendline to find entries on the market. Trendline is drawn by user. Both up, and down trendline could be used. So ea must work as following, in backtest too. Ea starts, in visual mode draws candles. There must be a pause button - not the metatrader one - to pause the chart and to be able to place the trendline. Depending on the settings, following oerders can be used.
Up line = trendline value are higher than actual price
Down line = trendline value is smaller than actual price
If up line = stop order the line means a buy stop order
If up line = limit order the line means a sell limit order
Pending orders must be inside the code, not placed on the broker. But can be shown somehow on the chart. Once order exectued, and order closed EA must give a pop up notification. Once order executed on the one side, ea must stop and delete other side trendline as well.
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