Money Management Draw
The indicator helps to build levels Buying and selling, line of take-profit and stop-loss for future transactions. The indicator automatically calculates risk reward ratio, as well as the levels of take-profit and stop-loss points. You only need to build a line, using four keys. For building purchase line, Move your mouse to the desired level and press B on keyboard. For building line sale, Move your mouse to the desired level and press S on keyboard. For building line take-profit, Move your mouse to the desired level and press T on keyboard. For building line stoploss, Move your mouse to the desired level and press L on keyboard. press D. The calculated values are displayed in the top left hand corner about buying and selling functions to remove all lines.
- BuySellColor – color line for buying and selling levels
- BuySellWidth – line thickness for buying and selling levels
- BuySellStyle – line style for the buying and selling levels
- TakeProfitColor – color line for take-profit level
- TakeProfitWidth – line thickness for level takeprofit
- TakeProfitStyle – line style for the level of take profit
- StopLossColor – color line for the level of stop-loss
- StopLossWidth – line thickness for the stop-loss level
- StopLossStyle – line style for the level of stop-loss
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Indicator TrendSnake It is designed to determine the market trend, generating buy and sell signals, as well as to determine the levels of Stop Loss and exit points.
When a new signal to buy (or sell) until the return signal, the indicator of its value does not change!
The first bar shaded green (Histogram display mode, DotHistogram) or line appearance (the first blue dot, Dot display mode), indicates the presence of a signal to buy.
Stop Loss level can be set directly on the line level (first blue dot) (display mode Dot, DotHistogram).
In the future, the indicator line will move up, it can be used as a line Trailing Stop.
a sell signal
The first bar shaded in red (indicator mode Histogram, DotHistogram) or line appearance (the first yellow dot, Dot display mode), indicates the presence of a signal to sell.
Stop Loss level can be mounted directly at the level of the line (first yellow dot, Dot display mode, DotHistogram).
In the future, the indicator line moves down, it can be used as a line Trailing Stop.
To exit the transaction can use level Take profit, Trailing Stop or reverse signal.
- Mode: Display Mode indicator
- Dot – Shows only line
- Histogram – Displaying only the colored bars
- DotHistogram – Displays lines and color bars
- Trend Period: The period for calculation of the indicator
- Play Sound: Play a sound when a new signal appears on the purchase (or sale).
Note! Possible drawdown during the transition to the flat or correction.
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This EA trades on the 30 minute time frame. Stop Loss is not in use. If you have $ 500 in the account, you can trade 0.01 lot. With a score of $ 5000, it is possible to trade 0.1 lot.
For best results it is recommended to trade on the EURUSD and use a broker with a narrow spread.
Trailing stop this EA can be set. There is also an option to hide the levels of stop loss and take profit from the broker.
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The script for a quick coup position and / or warrants.
If you need to turn the position with equal lots, put volume counter position, different from the existing one, or replace with another type of order (for example, Buy Limit -> Sell Limit, Buy Stop -> Sell Limit, etc.) with or exhibiting new znacheniystop loss and / or take profit, then this script will save you from routine action!
Allow auto-trading before running the script.
Run the script on the chart.
- Language of messages displayed (EN, RU, DE, FR, ES) – language display messages (English, Russian, German, French, Spanish).
- Reverse lot (0-2 * current lot) – if there is a 0, the open position is closed counter with double volume, and the resulting position will have a volume equal to the previous one. If the value is greater than the volume of the open position, the opposite position to the difference volume is opened. If it is less, there will be a partial closure of the position. For orders: if there is a 0, then placed another order with the same volume, if the value is not zero, the amount of Reverse lot.
- Profit in point – profit in points. If equal to 0, then the value will be used from the current position or a pending order.
- Loss in points – a loss of points. If equal to 0, then the value will be used from the current position or a pending order.
- TypeWork – work type: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, All – all orders, Market – only positions, Pending – only postponed.
- Magic – you can set the magic number in the new order.
- Slippage – Slippage.
- The number of tries to create position – the number of attempts to create / delete the item or order.
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