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Thanks for the explanation Claypot.
Yes, Linexcutor is a trendline breaking EA. We need to draw the trendlines first then let the EA watch and execute the trades.
Regarding your request, I have added the TP and SL, but not yet Trailing Stop :P I'll do it later. The new version, I put it in my blog. You can download it from there.
__________________
When in doubt...follow the crowd
Is it possible instead of typing Linexcutor1/2...to change code...so it will be just 1/2 typing for example....instead of all those letters
Yes, it's possible. You need to change it in the mq4 file, just a little edit
I am using that name to differ it to other objects to avoid conflict in names.
Yes, it's possible. You need to change it in the mq4 file, just a little edit
I am using that name to differ it to other objects to avoid conflict in names.
I placed a trendline 1 and instead of "buy" it made a "sell" for me...how do I specify what order the line is suppose to make?
Pava and everyone,
sorry to make you confuse. I forgot to put any explanation on how the EA work. I have already updated the first post with short explanation and a picture. Please check it out.
I'm in the progress improving Linexcutor.
For now, the EA take both side trade: ranging in side the angle and break out.
The worst thing happen when price start to walk on the line itself
Maybe I'll put an option to enable with type of trade to execute. May be just the trendlines break out. I'll post it later.
How about using a breakeven code, so when the price starts to walk on the line then basically the EA will buy or sell if it goes above or below the line and close the order if it returns to the line like breakeven. Hopefully you get out with zero loss. Anyway I'm not sure as to what the requirement is for the breakeven to kick in.
Cheers.
Quote:
Originally Posted by fosgate_r
I'm in the progress improving Linexcutor.
For now, the EA take both side trade: ranging in side the angle and break out.
The worst thing happen when price start to walk on the line itself
Maybe I'll put an option to enable with type of trade to execute. May be just the trendlines break out. I'll post it later.
__________________
When in doubt...follow the crowd
How about using a breakeven code, so when the price starts to walk on the line then basically the EA will buy or sell if it goes above or below the line and close the order if it returns to the line like breakeven. Hopefully you get out with zero loss. Anyway I'm not sure as to what the requirement is for the breakeven to kick in.
Cheers.
Hi Claypot,
Thanks for your idea. That's a good one. I haven't put any exit strategy in Linecutor actually. I will add BreakEven strategy as one of them.
This is weekend ... time to do some homework, programming time
Linexcutor explained
Linear Mode
