MT4 trade by the charts ?

Discussion in 'Automated Trading' started by traitor786, Jan 15, 2013.

  1. Hi again,

    Also I am looking for a way to trade by the charts in MT4, It need not be fully automated.

    What I would like is that I click on the chart and a stop loss and take profit line show up. In the parameters there is already my win loss ratio. (say 3-1)

    So I can adjust either the stop loss or the take profit and the other line will move on its own to respect the 3:1 ratio.

    Now I will have my exit pre-calculated.

    To add in a bonus, maybe it would enter these numbers on the modify order results or even on the initial order entry.

    Also the parameters of the win loss ratio could be changed. and a parameter to make up for fees or a spread could be added.

    But in general, at least having a quick manual way to move around these lines and stick the wanted ratio would be enough.