Trading Idea: MANUAL SETUP ON TRADINGVIEW +AUTO TRADE BY MT4 EA
Dear traders,
TV is the best platform I ever used until now. I have found many many good ideas from world-class traders and improve my skills day by day. However, I cannot devote much time to follow my charts, waiting for breakout and I missed some good opportunities with low risk. That's reason why I want to code an EA that works with trend lines by commands that defined by me. I have a example on the chart above with some basic commands. I had built a first version of EA that worked fine with these basic commands. I am looking for ideas to improve these commands from experts here to convert in to EA. Sure! I will share this EA for all if any want to use it!
EXAMPLE: ENTER AND EXIT A TRADE BY COMMANDS
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#Buy:0.1@stoploss #Protect:0.9@target1,0.68@target2 #Close:50%@target1,100%@target2
Translate these commands:
TRADE Command (#Buy:0.1@stoploss): If breakout (previous candle closed above this trend line), buy 0.1 with stop lost @ stoploss trend line;
PROTECT Command (Protect:0.9@target1,0.68@target2): protect profit at BA if price reaches target1 trend line, protect @ 68% fibo retracement if price reaches target2;
TAKE PROFIT Command (#Close:50%@target1,100%@target2): close 0.5% lot (0.05) if price touches target1 trend line, close 100% (left 0.05) if price touch target2.
Thanks
TV is the best platform I ever used until now. I have found many many good ideas from world-class traders and improve my skills day by day. However, I cannot devote much time to follow my charts, waiting for breakout and I missed some good opportunities with low risk. That's reason why I want to code an EA that works with trend lines by commands that defined by me. I have a example on the chart above with some basic commands. I had built a first version of EA that worked fine with these basic commands. I am looking for ideas to improve these commands from experts here to convert in to EA. Sure! I will share this EA for all if any want to use it!
EXAMPLE: ENTER AND EXIT A TRADE BY COMMANDS
---------------------------------------------------------------
#Buy:0.1@stoploss #Protect:0.9@target1,0.68@target2 #Close:50%@target1,100%@target2
Translate these commands:
TRADE Command (#Buy:0.1@stoploss): If breakout (previous candle closed above this trend line), buy 0.1 with stop lost @ stoploss trend line;
PROTECT Command (Protect:0.9@target1,0.68@target2): protect profit at BA if price reaches target1 trend line, protect @ 68% fibo retracement if price reaches target2;
TAKE PROFIT Command (#Close:50%@target1,100%@target2): close 0.5% lot (0.05) if price touches target1 trend line, close 100% (left 0.05) if price touch target2.
Thanks