BreakThrough

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Name:
BreakThrough
Author: gery18 (2013.09.19 09:56)
Rating: 5
Downloaded: 2375
Download:
BreakThrough 1
 BreakThrough.zip (117.1 Kb)

Description:

BreakThrough is not full system, it only opens trade when it crosses trend line you created on chart.

It buys/sells depending on the name of the trend line.

  • If you name the line “buy”, without quotes, the system will open a buy trade after crossing the line.
  • If you name the line “sell”, the system will open sell trade after crossing the line.

First you position your trend line on chart and then change its name to “buy” or “sell”. The system will open only one buy, one sell trade.

You can remove the line and place another if you want the system to continue to open a trade on a trend line crossing.

You can set take profit and stop loss in expert advisors settings, but also create take profit trend line, simply create a trend line and name it “buyTP”, “buySL”, “sellTP”, “sellSL” according to function you want to.

If the price goes above buyTP or under buySL the system will close all buy trades with its magic number, if the price goes under sellTP or above sellSL the system will close all sell trades with its magic number.

 

6 comments  To post a new comment, please log in or register

Won't open the order. I don't trust having open buy or sell stop orders, so this is a great idea. Brokers seem to shoot for stop orders placed on the server. But when placed on the chart they are not executed, Any idea why??

TY

25.11.2013 05:53 Yentrader2

Hi 

Strategy well works. Whether there is an opportunity, to make addition what not to change each time the trend line. If the price comes trend 2, 3 or 4 times. That strategy would generate each time the new order without change of the trend line. (Without the need for establishment of the new trend line).

 

Thanks, Juri

 

 

21.11.2013 08:37 Narajana

Hi Gery,

Thanks for this very useful EA. I was wondering how one might modify it slightly to enter a trade x points after crossing a trend line. Can you possibly make that another user input or perhaps show me where in the program I may be able to adjust this setting. For example if I only want to enter if the price moves 5 points past the trend line or 10 points past the trend line.

Thanks very much,

Brian

17.11.2013 11:53 4000

3 winners in my first try. I'm doing a personal review of this EA on my blog. Very good.
02.10.2013 17:20 Onyebuchim

Soppers:
Thanks for this - exactly what I am looking for! Could you explain what the 'magic number' is for and how it is used? I see it as a variable but dont quite understand what it is for.

its a number that is assigned to trade, so system can recognize his trades, magic number 0 have trades opened manualy, magic number is used in most expert advisors if you use more of them so they do not close each others trades

24.09.2013 00:45 gery18

Thanks for this - exactly what I am looking for! Could you explain what the 'magic number' is for and how it is used? I see it as a variable but dont quite understand what it is for.

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