Trend Line EA

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Mt4 Trend Line EA Breakout and Trend Trading
Made Easy
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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.
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How this Trend Line EA Works
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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 this EA.
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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.
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Drag and Drop
One added advantage of a drawn line pending
order is that the user can easily drag the trend
line around the chart, and the pending order will
moved to the new location. It almost works
like drag and drop pending order with this trend
line EA tool.
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Advanced Features
Besides drawing a pending order, you can also
add in single or multiple partial close lines
onto the charts. By tagging these lines to the
specific pending order, these newly added partial
close lines will then be associated with the
order ticket numbers executed by the tagged
pending order line. You can also draw your own
stop loss lines, take profit lines, partial close
lines and stop loss to breakeven line. The
stop loss to breakeven line is the action of
shifting the stop loss levels to the trades
entry price when price break through or touch
this line. This action makes the trade a no loss
trades as the only outcome is either zero or
close in profit.
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Advanced Features
This trend line EA is a very efficient tool for
Forex traders because it literally trades on
behalf of the user thereby reducing any trading
stress. Forex traders can use this tool to trade
many technical chart patterns. It makes
trading Forex easier than before. If you can draw
a few lines on the chart, it will then runs by
itself. It is like total trading freedom for the
user as there really is nothing much to do after
the trader have prepared his charts for the day.
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Expectations Must be Set Right
This trend line EA tool is semi-automated
designed specially for manual forex traders. What
people need to realize is that this software is
only as good as the traders technical analysis
ability and trading experience.
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It looks like placing a few Lines on the chart
and walk away, a trader could now make money from
Forex trading. While this tool has made this a
possibility, however the developers of this tool
do not think this way.
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The developer of this trend line ea wants to
empower traders with complete entry and exit
trade execution. This will allow greater control
over Forex entries and exits and hence give rise
to the usage of more sophisticated Forex trading
system. The power happens when you can put all
of this systems to work on automation while
freeing you more time to study the market but not
have to baby-sit the trades like a nanny.
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But honestly, If you can draw a line, you can
make money, once you understand market
volatility, support and resistance, price action
and money management with this trend line EA.
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Summary
The trend line EA is software which helps the
manual trader automates his forex trading
strategy. The user must draw trend lines on the
chart and the EA execute the trades for him.
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