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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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 se ll 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. Drawing a Pending Order

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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. Drag and Drop

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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. Advanced Features

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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. Advanced Features

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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. Expectations Must be Set Right

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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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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. Summary:

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What if you just couldn’t trade F orex effectively with a day time job? I know how hard it can be to trade F orex manually, but if you want to really be successfully trading your own unique manual system , you need to learn a single method that works amazingl y well.

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