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Forex Course How to Draw a Trendline Correctly (Enjoy Free BONUS Forex Trendline Alert Expert Advisor-forex fx trend line expert advisor)
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When you draw a trend line, it can quickly give you 3 things that can aid you in your trading:
- Trend Direction
- Potential Market Swing Points
- Clarity Without Trading Indicators
Trend Direction
While some traders (most) will use moving averages to determine trend direction, a correctly drawn trend line will show you the overall direction of the market. When a trend line breaks, it can give you a “heads up” of a potential change in trend direction.
Potential Market Swing Points
Price moves in waves with peaks and troughs. Trend lines can highlight areas on your chart where the next turn in price can occur especially in the dominant trend direction.
Clarity
Far too many traders use too many trading indicator on their trading chart. They have duplicate information (some traders will use 2 or more momentum indicators for example) and all that does is lead to confusion and anlysis paralysis. Trend lines keep it simple and will not hide the most important part of any chart: price.
3 Steps To Drawing An Up Trend Line
An uptrend line indicates a market in an uptrend. That is unless you are using a trend line on a micro structure such as a pullback in price. Why do we draw the trend line?
There are two main purposes for me for drawing upward trend lines:
- To trade off the upward bounce of the upward trend line
- See if price intersects that upward trend line, it is a potential signal for a downtrend so if I have trade positions are currently in profit, I should be probably thinking of bailing out!
What will you receive after purchase?
*the image above represent one of the files snapshot, buyer will receive those in their download link
Forex Trendline Alert Expert Advisor-forex fx trend line expert advisor
A good Trendline EA that makes very good entrys at ALL Timeframes with trailing stop
it open buy and sell..
you will find it usefull
Expert Advisor for Metatrader 4 platform that will alert you when currency price touch/cross your trend or horizontal lines. EA is designed to work with two lines. You will have manually draw trendlines or horizontal lines on the chart.
Trendline Alert EA features
- EA licence works on 1 Real account and any Demo account
- EA is designed for Metatrader 4 platform
- Can handle two lines: cross from below for BUY signal, the other from above for SELL signal
- Sets different line colors when they are detected by EA
- Sets different line colors when they are crossed up or down
- EA can give alert immediately or only on candle close
- Shows popup message, plays a sound and sends an email after price cross line(s)
- Alert methods, sound, colors, line names, all can be configured to fit your needs
- Any desirable features can be added individually for additional payment
Price for lifetime licence €80 EUR for single account
How to use Trendline Alert EA?- Draw trendline/horizontal line on the chart using Metatrader 4 drawing tools, open line settings window and set object/line name to BuyLineName or SellLineName
- EA will change line(s) color after they are detected
- EA will alert/play-sound/send-email when price cross the line. EA will change crossed line(s) color as well
Trendline Alert EA Inputs
this is where you set line object names so EA would know how to identify them
EA will set line colors to the values set in these variables once line(s) are detected. This is very useful as you will know that EA found your lines
EA will set line colors to the values set in these variables once line(s) are crossed. This way it is easier to identify which line(s) were crossed when you go through charts
if this feature is set to True EA will wait for candle to close to check if lines has been crossed, otherwise EA will alert immediately
if this feature is set to True EA will show popup message when lines are crossed
if this feature is set to True EA will play a sound specified in SoundFile when lines are crossed
if this feature is set to True EA will send an email when lines are crossed
Trendline Alert EA in action
Price cross lower trendline and candle closes below. EA immediately alerts you about this event
Delivery to your PayPal email address within 24 Hours of payment confirmation.
Completing units:
Forex Course How to Draw a Trendline Correctly
BONUS Forex Trendline Alert Expert Advisor-forex fx trend line expert advisor
Market Sales Price: $399,but we sell lot more lower than that to share the opportunity with you!
Serving Professional Traders Since 2008
Once purchased I will email you the files within 20 minutes and not more than 48 hours to your email, if there a delay, please be patience receiving your files
Email Address: missionx77@yahoo.com
Phone number: +60179843428
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