If you're looking to enhance your trading strategy, the Equidistant Channel EA for MetaTrader 4 could be just what you need! This nifty tool lets you draw Equidistant Channels right on your chart, making it easy to trade based on price breakthroughs or trends.
What’s more, it comes equipped with three handy buttons for manual trading and allows you to set trailing stop losses and take profits in advance. Plus, you have the option to open and close all trades simultaneously, giving you full control over your trading sessions.
Why You Should Try It
- Demo First: Always try it on a demo account before diving into live trading.
Inputs and Settings
Here’s a breakdown of the inputs you can customize:
- Use_TP_In_Money: Set Take Profit in money (true/false).
- TP_In_Money: Amount for Take Profit in money (values: 10-100).
- Use_TP_In_percent: Set Take Profit in percentage (true/false).
- TP_In_Percent: Amount for Take Profit in percentage (values: 10-100).
- Enable_Trailing: Activate trailing with money (true/false).
- Take Profit In Money: Specify the amount in the current currency (values: 25-200).
- Stop Loss In Money: Set the stop loss in current currency (values: 1-20).
- Exit: Close trades if the trend turns against you (true/false).
- Channel Settings:
- Channel name
- Point dates and prices (1st, 2nd, 3rd)
- Channel color, style, and line width
- Background color and filling
- Highlight for movement
- Channel extension to the right
- Priority for mouse clicks
- USESTOP: Enable automatic stop function (values: 0-1).
- Lots: Lot size (values: 0.01-10).
- MaximumRisk: Maximum risk from total margin in % (values: 0.01 - 0.3).
- DecreaseFactor: Decrease from total margin if you lose a trade.
- Stop_Loss: Set stop loss (values: 10-100).
- MagicNumber: Magic number (values: 1-100000).
- TakeProfit: Set take profit (values: 10-100).
- NumberOfTrades: Number of trades (values: 1-10).
- TrailingStop: Set value from 40 to 100 to activate trailing stop loss; 0 will deactivate it.
- Enable Break Even: (true/false).
- Break Even Movement: Define how many pips move to trigger break even (values: 5-30).
So, if you're ready to take your trading to the next level, give the Equidistant Channel EA a shot! With its user-friendly features and customizable inputs, you'll be well on your way to making more informed trading decisions.
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