This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trade manager · MT5
MT5 Line Level Trader
MT5 Line Level Trader is a utility for MetaTrader 5 designed to manage trades based on price levels or lines drawn on the chart.
GitHub stars1
Forks0
Last update6 years ago14 Sep 2020
LicenceNone stated
Overview
The expert advisor includes specialized logic to handle point calculations and digit adjustments for a variety of symbols, specifically addressing forex pairs, gold, and major indices like the HK50 and US30. It utilizes the standard CTrade class for position management and provides magic number identification for order tracking. The repository lacks a README, focusing primarily on the technical implementation of level-based interactions.
- Automated digit adjustment for indices
- Support for XAUUSD and HK50
- Visual price level interaction
- Standard magic number tracking
Details
Author
DaraGaloX233 on GitHub
Type
Trade manager
Platform
MetaTrader 5 (MQL5)
Markets
Forex, Gold, Indices
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
Input parameters
Read from Level_Trade_Matin_indi_.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
m_magic | ulong | 98680914 | Magic Number |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone DaraGaloX233/MT5_LINE from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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