Trade by lines
Trade By Lines Expert Advisor automatically opens orders from trend lines. It works only with the lines of the selected color. Color of lines is set in the settings.
As soon as the price crosses one of the lines having a specified color, Buy or Sell market order is opened immediately depending on the operation mode.
Operation Modes
There are several modes of operation.
The direction of deals is set in TradeDirection parameter.- for breakthrough TradeDirection = 0
In this mode, Sell order is opened if the price crosses the line downwards and Buy one is opened if the price crosses the line upwards. - for rollback TradeDirection = 1
In this mode, Buy order is opened if the price crosses the line downwards and Sell one is opened if the price crosses the line upwards.
You can set each line to be used for opening an order only once. Use SingleLineUse parameter for this.
- SingleLineUse = true
only one order will be opened by a line, after that the line will not be used. - SingleLineUse = false
Each line can be used for several orders.
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