Supply and demand webinar, how to trade the bigger timeframe imbalances
16th June 2014
Supply and demand automatic levels indicator for Metatrader 4
23rd June 2014

The Supply and demand trendline break trade management EA Expert Advisor for Metatrader 4 has been finally released

These are the features the EA Expert Advisor it has:

  • Entry Timeframe:
    – H4 by default. This variable can be changed at any moment, so you will be able to trade H1 or lower timeframes if you change it, you can configure as you want
    – If you want to trade H4 and D1 at the same time, you will have to have a second Metatrader account to trade D1 entries. It’s advisable that you separate accounts so you can track progress on each timeframe, mixing up H4 and D1 entries on the same account is not recommended. The EA will not be able to manage H4 and D1 at the same time
  • Close trades if TL is broken:
    – You can configure the EA to detect trendline breaks on your entry timeframe, if this is enabled, the EA will close all the trades on that timeframe when that happens
    – The EA will skip all limit orders to which you have added a comment with the keyword “set”, this is useful when you want to cancel all H4 longs if the ascending trendline is broken but you want to keep the limit order within the D1 demand zone because that’s still valid if the H4 trendline is broken (D1 and bigger timeframe are up)
  • Different EA profiles/sets: you will be able to save any profile/set for each pair, so you can configure it as you want for the breakeven, targets, etc, and load it when you need it. Some instruments like exotics, indexes and CFDs require different wiggle rooms, so you can save a .set file and load it whenever required
  • Breakeven: the EA will move SL to breakeven after a defined Risk Reward, 2%, 3% or any risk reward specified. You will be able to add padding, spread to the entry price as well to cover the broker’s commissions if you have them on your account
    – If the order’s comment = no, the EA will not manage the trade, so you can post trades that will not be taken over by the EA
    – I highly recommend you to use one account just for supply and demand trading, DO NOT mix it with other strategies
  • Take profit and targets:
    – 3 targets will be available, by default only 1 predefined target will be activated
    – You will be able to configure up to 3 targets based on a RR % exit or a fix price. That is, you want to close a % of your lots at 3% profit, a second % close at 6% and final % close at 10%. You can configure it as you want
    – You can select the price mode for your exits, so the EA will exit your trade at predefined fix prices
    – You will be able to toggle on/off the profit target lines, that is, you will see on the charts where those RR% / Price targets are located on the chart
  • Close your trade if the TL is broken (trailing stop)
    This feature will allow you to close a running/winner trade if your entry timeframe trendline is solidly broken, this is also a trading exit strategy
  • Take screenshots of your trades:
    – The EA will automatically take a screenshot of your entry timeframe on the entry AND the exit so that you can keep track of your trades
    – A
    nd many other features, for more information contact www.set-and-forget.com
  • And a few more functionalities

The next video corresponds to a pre-release version, all functionalities are now available in the final release. This EA is only available for members of www.set-and-forget.com

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

2 Comments

  1. Azizul Haque says:

    Where are the MT4 indicators, I don’t see the link. Please help.

    Thanks

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