EA that places an order when a line is reached?

Hi,

In Mql4, is it possible to write an Expert Advisor that sends an Order when a line or a special price is reached that can be edited while running the EA? If yes, how can this be done?

Thanks in advance,
Eggat

Probably, but you can do this with a regular stop limit order. Why do you want to use an EA to do it?

Thats more or less a limit order

Hi,

You could use limit of stop orders assuming your entry point is a horizontal line of support or resistance. If you want to trade of a trend line then a limit or stops won’t work cos you don’t know what level the trendline will be hit and when.

I’ve developed some software which allows you to trade off an automated trendline. PM me of you’d like to take a look at it. I’ll send you the *.ex4 file. It’s for Metatrader 4 only.

Cheers

Hi tarrentino

This sounds very interesting, can you link a trendline, an RSI reading and a Stoch reading into a buy execution?