Price Line EA is an expert advisor that was developed by Chantal Sala and added to the mql5 marketplace on the 22nd of June in 2017. The EA was last updated to version 1.3 in November of the same year.
Price Line EA allows traders to manually or automatically trade on their favorite levels. When the market reaches your preset price levels, it opens orders. According to the developer, the tool acts quickly and will work for everyone who places levels on an important market range. The EA offers more risky trading tactics, such as higher exposure and the Martingale strategy, but users should be cautious as this particular trading strategy is considered dangerous and banned by many other EAs. It also appears to be missing any type of alert system when one enters into a trade or exits, which is something one user commented asking for.
Traders will only have the choice to rent this EA. The lack of ability to buy isn’t entirely cost-effective for users that want to continue using it – although it only costs $50 USD to rent for one year, that can add up in the long run. Cheaper options include renting at $14.60 for one month, $23.60 for 3 months, or $38.20 for one year. Traders will have the option to test the EA out on a free demo account before making any type of purchase.
Price Line EA comes with some functionalities that make it a useful automatic trading tool, but there are some factors that allow more risky trading strategies when using the EA, so traders should exercise caution using it. A couple of users wrote a review complaining that the EA has bugs, but we did find that the developer responds to all comments and even offers to add features when requested. As always, traders will need to consider all aspects before deciding whether to purchase this EA.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/22708