Trend-Line Crossing Expert Advisor with Line-Based Trade Exits

Summary

This expert advisor opens trades when price crosses a manually drawn trend line. The line’s name determines direction: a line marked for buying triggers a buy, while one marked for selling triggers a sell. The system permits one trade in each direction; removing and replacing a line allows another crossing setup. It is presented as a trade-entry component rather than a complete trading system.

Exits can use configured stop-loss and take-profit settings or additional chart lines assigned to specific buy or sell exit roles. Crossing those exit lines closes the corresponding trades associated with the advisor’s identifier. The document explains the interaction between chart objects and trade actions, but offers no rules for choosing line placement, no performance evidence, and no guidance on position sizing or broader risk controls. Results will depend on how the trader draws and updates the lines and on the market’s behavior around them.

Key ideas

• The advisor triggers entries when price crosses a user-drawn trend line.
• The trend line’s name specifies whether a crossing opens a buy or a sell trade.
• The system allows one buy and one sell trade at a time, with new lines enabling later entries.
• Separate named lines can act as stop-loss or take-profit triggers for the corresponding direction.
• The document gives no tested performance, line-placement method, or position-sizing rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.