Metrader 4 visual trading with Magic Lines
What is it?
Magic Lines is a visual order entry, management and risk control system for MetaTrader 4 that will optimize trading and improve your trading experience on the Forex and index market.
Magic Lines is *not* another get rich quick robot scheme
Magic Lines simpliefies Forex and index trading by adding visual trading functionality to Metatrader 4:
Risk management included!
Every Forex order you enter with Magic Lines will limit your risk to a preset percentage (i.e.1.5%) of your account balance. The lots size is calculated based on your account balance and the distance between stoploss and buying/selling price. So if your stoploss is put far away from the buying/selling price, it will buy less lots. If your stoploss is close to the execution price it will buy more lots. This way you never risk more than 1,5% of your account balance per trade. Of course we can supply the application with a different risk percentage.
No more order entry errors
Instead of entering manual orders, all you do is drag and drop three lines: the stoploss, tradeline and takeprofit line.
Magic on a stop
This script executes pending or limit orders. You place the red line at the stoploss level, the green line on the takeprofit level and the yellow line on the position you want to buy or sell on. Run the script, done!
No delays
This tradenow script enters a buy or sell order against market price. Stoploss and takeprofit are determined by how you position the stoploss and takeprofit line. Even if your broker doesn’t allow this, Magic Lines makes it possible: We first run a market order and then quickly a modify order.
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Magic Modify
As soon as your order executes you can run the Magic Modify script to modify stoploss and takeprofit level. This allows you to easily track the price with your stoploss, optimizing your position realtime.
“Why do I need it?”
Magic Lines takes the hassle out of trading and puts speed, accuracy and risk management back. You will feel more secure and more in control. With some brokers you can’t put in stoploss and takeprofit when executing an instant order against market price. But when using Magic Lines, you can.
Can I make more money with Magic Lines?
If you lose pips due to slow order entry, make typing mistakes, can’t modify a position quickly enough, forget to put stoploss or take profit, aren’t able to quicly calculate the lot size based on your risk, definitely YES
How much is it?
One time EUR 40(+tax) for a single personalized lifetime license (one trading account).
Is there a refund?
No. But feel free to register and then login and download a demo version to try on your demo Metatrader account.