Line Trade 1000-Knock! A tool that makes line-trade testing fun — 'Perfect X'
Ideal for practicing trades and validating strategies!
A tool that enables double-speed trading practice in the visual mode of backtesting has arrived
There are convenient tools that allow entry and exit with horizontal lines or trend lines, but
There may not have been much functionality to practice line trading in backtests until now.
The advantage of line trading is that after chart analysis you preset entry, TP (take profit), and SL (stop loss) to create a trading scenario; however, in actual trading entry/exit can take time, so absolute practice volume is limited, and it's not uncommon to change the scenario midway.
The new tool 'Perfect X' by Dr. Neko can of course do line trading in real trades, but
What is unique is that you can practice trading in backtest's visual mode and review results.
Let's first look at the basic performance of line trading.
Line trading and horizontal line trading with money management (MM) features
The maximum number of open positions is 1, and you use five lines in total: two entry lines (BUY, SELL) and three exit lines, or horizontals. By changing the line names to the specified text, you activate the program.
▲Double-click a line and change its "name" to enable entry and exit functionality.
After changes, the line color changes and the line type is displayed in letters.
There are five types of line names in total.
Settlement lines can be used for take profit, stop loss, or partial settlements.
Main features
◆MM feature available
◆Specified TP/SL possible
◆Lot size specification possible
◆Partial lot specification possible for settlement lines
◆Trailing stop feature
◆Can be used with multiple currency pairs within the same account
◆Trade count / earned amount display feature
All the essential features for trading are included, and even if you don't set a stop-loss line after entering, the default SL and TP are provided, so no worry. There is also a trailing stop feature, so you can enter and leave it as is.
Also, in discretionary trading it's tedious to enter with a fixed lot, but as expected from the EA developer Dr. Neko, it includes an MM function.
This is a compounding feature that determines what portion of your account funds to allocate to positions.
One chart can only open one position, but by opening a new chart you can enter multiple currency pairs and multiple time frames.
Backtest mode lets you practice trading at double speed
▲Usage instruction video
The biggest feature of 'Perfect X' is that you can quickly practice trades in the visual mode of backtesting.
By leveraging the advantages of line trading, you can enter or settle by touching diagonally drawn trend lines!
You can practice trading on any time frame and currency pair you like, and you can check results in reports, which helps you reflect, verify, and improve your trading.
Export trades to a report and check results
Backtests using the Strategy Tester can produce a report for all trades.
You can check win rate, average gain, average loss, maximum drawdown, and profit factor during the period.
By reviewing trades objectively, you may graduate from sloppy or careless trading.
▲Check results in detail with the Strategy Tester report
Also for validating trading methods
You can apply indicators in backtests, so you can verify trades based on indicator signals, and you can verify trades using technical indicators such as RSI, RCI, GMMA.Running a backtest over a fixed period lets you verify whether the method is effective much faster than doing it in real time.
A manual with situational entry and exit examples for line trading!
If you have used MT4 for trading before but never used Strategy Tester, you're worried about whether you can do it...
But there is a detailed manual by Dr. Neko, so you shouldn't have trouble with how to use it.
Also, the line-trading method is simple, with only three lines: buy, sell, and settlement, so you can learn quickly.
The essential "entry & settlement" theory is explained using various patterns, so the "Line Trading Manual" is full of very helpful information.
A tool that makes trading enjoyable
In real time you have to wait hours for results, but in backtests you can see results in tens of seconds, so you can quickly see whether your trading strategy is correct or not, leading to improvement and confidence.