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Provide and demand Trendline Break Trade Management Expert Advisor for MT4

Provide and demand Trendline Break Trade Management Expert Advisor for MT4

This provides and demands a trade Management Expert advisor for MT4 that will enable you to trade imbalances and handle your ranges.

I imagine the EA will likely be a terrific software that will help you trade based on the provision and demand guidelines laid out at Set and Overlook. It is going to be a trade Management software greater than something, you’ll now not need to suppose if a Trendline has been damaged or not if the precise TP 3:1 goal is properly calculated or not, and so forth.

These are the options the EA has:

– Entry Timeframe:
* H4 by default. This variable might be modified at any second, so it is possible for you to trade H1 or decrease TFs if you happen to change it, you possibly can configure it as you need
* If you wish to trade H4 and D1 at a similar time, you’ll have to have a second MT account to trade D1 entries. You must separate accounts so you possibly can monitor progress on every timeframe, mixing up H4 and D1 entries on the identical account will not be beneficial. The EA won’t be able to handle H4 and D1 at the similar time
– Shut trades if TL is damaged: You possibly can configure the EA to detect TLs breaks in your entry TF, if that is enabled, the EA will shut all of the trades on that TF when that occurs
* The EA will skip all restrict orders to which you will have added a remark with the key phrase “set”, that is helpful if you need to cancel all H4 longs if the ascending TL is damaged, however, you need to preserve the restrict order inside the D1 demand zone as a result of that is nonetheless legitimate if the H4 TL is damaged (D1 and HTFs are up)
– Only one Trendline will likely be allowed in your entry TF if the TL is solidly damaged
* If the EA’s Trendline variable is disabled, the EA won’t shut any orders if the TL is damaged
– Different EA profiles/units: you can save lots of any profile/set for every pair, so you possibly can configure it as you need for the breakeven, targets, and many others, and cargo if you want it. Some devices like exotics, indexes, and CFDs require completely different wiggle rooms, so it can save you a .set file and cargo it at any time when required
– Breakeven: the EA will transfer SL to breakeven after an outlined Danger Reward, 2%, 3%, or any RR specified. It is possible for you to to add padding, unfold to the entry price as properly to cowl the broker’s commissions you probably have them in your account
* If the order’s remark = no, the EA won’t handle the trade, so you possibly can publish trades that won’t be taken over by the EA
* I extremely advocate you to make use of one account only for SD trading, DO NOT combine it with different methods
– Take profit and targets:
* Three targets will likely be obtainable, by default only one predefined goal will likely be activated
* It is possible for you to configure as many as Three targets primarily based on a RR % exit or a set price. That’s, you need to shut a % of your {lots} at 3% profit, a second % shut at 6%, and a remaining % shut at 10%. You possibly can configure it as you need.
* You possibly can choose the worth mode in your exits, so the EA will exit your trade at predefined mounted costs
* It is possible for you to toggle on/off the profit goal traces, that’s, you will notice on the charts the place these RR% / Price targets are positioned on the chart
– Shut your trade if the TL is damaged:
* This characteristic will let you shut a working/winner trade in case your entry TF TL is solidly damaged, that is additionally a trading exit technique
– Take screenshots of your trades:
* The EA will robotically take a screenshot of your entry TF on the entry AND the exit to be able to preserve monitor of your trades

And lots of different options. Extra info at http://www.set-and-forget.com Free indicator for www.set-and-forget.com members.

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