MT4 Trend Line EA Introducing a new trend line EA tool released for the forex Meta-trader 4 trading platform. This trend line trading EA comes with technical and sales support for its member community.
MT4 Trend Line EA – Trend Trading and Breakout Made Easy How Trend Line EA Works You can draw lines in the chart manually by hand, and when price break across or touch the line, the action will instruct EA to execute trade entries. Forex users can open market orders or pending orders with trend line EA. Trend line drawn can be horizontal lines, vertical lines or any in between. Lines drawn with any gradient can still act as a pending order. This feature is very useful in channel or trend line trading as this powerful feature is not found in the standard functions of MT4 trading platform.
Drawing a Pending Order In order to programme the drawn lines to make trade entries, the lines must have specific codes at its line description. You can easily refer to the guide book to copy and paste the codes into the line description. Placing a buy pending order can be as easy as entering ‘BUY?’ into the line description and when price break across or touch the line, a trade entry will immediately be executed. If you like to have a sell pending order, enter ‘SELL?’ to make the line a sell pending order. Once line has executed a trade, it will expire and cease to function. Therefore, any line can only be used once. Trade entry rules like stop-loss or take-profit levels, entry lot size and slippage can be pre-specified before trade is executed.
… To Continue Reading the Rest of the Article, Please Click Here
http://www.forexgeometry.com/trend-line-ea/