Episode 28: The rule is to write it in the chart. Both the text and the label should be drawn in a single line SL_CWP
ShenLong Lab (Shenron Lab) is the dragon.
For first-time visitors, please allow me to introduce myself a little.
As an active trader who continues to generate monthly profits with self-made indicators, I have developed more than 1,000 indicators and automation tools to date.
ShenLong Lab's third release, the second item in the "Mind Setup"
"SL_CWP (Chart Writer Pro)"
has been released.
This time, I will talk about the reason I created this item and tips for placing buy/sell rules in MT4/MT5 where you can easily see them.
Aren’t you entering trades without confirming your rules?Even if you have defined trading rules,
when the 15-minute, 5-minute, and 1-minute charts are moving, you may end up entering trades by emotion.
I myself used the label version (SL_CWL) to fix text on the chart and the text version (SL_CWT) to fix text on the candlestick. Since I used two versions, I created SL_CWP to consolidate them into one that can switch between both.
A workaround with standard features- Using MT4/MT5 "Text" and "Text Label" to write one piece of text on the chart
- Save the rule as a template and load it each time you open a chart
Both require entering text line by line and adjusting colors and sizes, which is tedious.
As the number of lines increases, aligning the positions becomes even more difficult.
Rules should be written into the chart with a single hotkey.
That’s why SL_CWP was created.
From here on, I will introduce how to use SL_CWP in a video.