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Trendline TakeProfit EA MT5

A robot that real-time supervise your open position and close it once the price level touches (or is close to touch) a previously selected trendline.

You don't have to constantly watch your open position and wait for the proper time to close it. It automatically does this entire process and gives you time to spot new market opportunities.

It can be attached to multiple charts and assist multiple open positions at the same time.

Setup steps

  1. Draw a trendline on chart (using your mouse)
  2. Allow MetaTrader 5 Client Terminal Auto Trading (Algo Trading) (Ctrl+E) option
  3. Load (Attach to Chart) the EA
  4. Click the trendline (left mouse button)
  5. Update the Assistant and Target input parameters as desired (or use the default ones)
  6. Click the Enable button


Input parameters (editable)


Assistant

  • Action - Close
  • Position ticket - The open position ticket number (this can be found in Toolbox -> Trade -> Open positions list view-> "Ticket" column that corresponds to position's row)
  • Deviation - Maximal deviation from the current price (in points). This can be any value between 0 and 50. The default value is 0 and the step is 1. Detailed information can be found here
  • Notifications - While in an enabled state, if this checkbox is selected, the Assistant will send a confirmation push notification to your mobile device once the target price is reached and the position is closed

Target

  • Tolerance It allows you to set a lower / upper take profit target price level (a few points below / above the trendline's current price level). This can be any value between -500 and 500. The default value is +/- 30 (+30 in case that the trendline is below the current ask price; -30 in case that the trendline is above the current bid price) and the step is 10


Informational parameters (not editable)


Instrument

  • Symbol - The chart symbol
  • Period - The chart period
  • Ask price - The chart symbol's ask price
  • Bid price - The chart symbol's bid price

Trendline

  • Time - The current market watch
  • Price - The trendline's price level at the current market watch

Assistant

  • Status - The Assistant's current status (Enabled / Disabled)

Target

  • Price - The price level the open position will be closed at

    • for a support trendline: Target price = Trendline price + Tolerance
    • for a resistance trendline: Target price = Trendline price - Tolerance

  • Points to - The remaining points to Target price level
    • for a support trendline: Points to = Ask price - Target price
    • for a resistance trendline: Points to = Target price - Bid price

Important

  • Before enabling the EA you have to turn on the MetaTrader 5 Client Terminal "Auto Trading (Algo Trading)" (Ctrl+E) option. This allows EA to automatically close a position. Detailed information can be found here.
  • The EA is reinitialized once the chart's period is changed (the EA needs to be re-enabled for the newly selected period).
  • Before using the Notifications feature you have to setup your MetaTrader 5 Client Terminal and your MetaTrader 5 Android and /or MetaTrader 5 iPhone/iPad accordingly. Detailed information can be found here.
  • The Trendline and Target price levels evolve in time depending on the trendline's slope.
  • The Target price is marked on chart by a target icon. While the Assistant is disabled the target icon is blue. The icon turns red while the Assistant gets enabled.
  • Wisely set a Target Tolerance. It allows you to target a more realistic take profit price level.


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Grid Manual ist ein Trading-Panel zum Arbeiten mit einem Raster von Orders. Das Dienstprogramm ist universell, verfügt über flexible Einstellungen und eine intuitive Benutzeroberfläche. Es arbeitet mit einem Raster von Aufträgen nicht nur in Richtung Verlust, sondern auch in Richtung steigender Gewinne. Der Händler muss kein Orderraster erstellen und pflegen, all dies wird von "Grid Manual" erledigt. Es genügt, eine Order zu eröffnen und das "Grid Manual" erstellt automatisch ein Orderraster daf
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Eric Emmrich
4.79 (19)
The most advanced news filter on MQL market Take a Break has transformed from a basic news filter into a comprehensive account protection solution. It seamlessly pauses any other Expert Advisors during news events or based on your custom filters, all while safeguarding your EA settings - restoring them automatically when trading resumes for complete peace of mind. Typical use cases: A single news filter for all your EAs. Stop trading during news/high volatility (+ close all trades before). Stop
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Makarii Gubaydullin
4.9 (20)
Multifunktionswerkzeug: 65+ Funktionen, einschließlich: Lot-Rechner, Price Action, Risiko/Gewinn-Verhältnis, Trade Manager, Angebot und Nachfrage Zonen Demo version   |   Anwenderhandbuch   |    MT4 Das Dienstprogramm funktioniert nicht im Strategietester: Sie können die Demoversion HIER herunterladen, um das Produkt zu testen. Bei Fragen   kontaktieren   Sie mich / Verbesserungsvorschläge / im Fall eines gefundenen Fehlers Vereinfachen, beschleunigen und automatisieren Sie Ihre Handelsprozesse
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BLAKE STEVEN RODGER
4.5 (6)
This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with 16 trailing stop methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars, RSI and Stochastic. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close.  Moreover, you can add (override
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MONTORIO MICHELE
5 (18)
ATTENTION the expert does not work in strategy tester, for a trial version visit my profile. Manual to download the automatic journal visit my profile RiskGuard Management – Professional trading, without compromise RiskGuard Management is the ultimate ally for traders who want to maximize profits and minimize losses with advanced risk management. It’s not just a tool; it’s an intelligent system that helps you stick to your trading plan, avoid emotional mistakes, and operate with maximum efficie
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Daniel Stein
4.33 (3)
Sie wollen ein konstant profitabler 5-Sterne-Forex-Händler werden? 1. Lesen Sie die grundlegende Beschreibung unseres einfachen Trading Systems und und sein großes Strategie-Update im Jahr 2020 2. Senden Sie einen Screenshot Ihres Kaufs, um Ihre persönliche Einladung zu unserem exklusiven Trading Chat zu erhalten Dieser Trade Manager ist die ideale Ergänzung für alle FX Trend Nutzer, die ein vollautomatisches Handelsmanagement nutzen möchten. Es erkennt Ihre manuell eröffneten Trades sofort u
2025 happy new year -25% discount ($199 -> $149) Advanced trading tool: One click smart orders that execute under your conditions Developed by trader for trading community:  position size calculator (lot size), open position after price action, strategy builder, set and forget trading, mobile notifications... Risk Management -  Risk percentage position size calculator, gain percentage, target risk reward ratio, spread and commissions are included in calculations 7 Advanced order types  - Set a
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Vladislav Andruschenko
4.5 (10)
Schließen von Positionen in MetaTrader 5 nach Erreichen des Gesamtgewinns / -verlusts mit der Gewinnverfolgungsfunktion.   CloseIfProfitorLoss mit Trailing Sie können die   virtuellen Stopps (separate Reihenfolge) aktivieren. Berechnung und Abschluss für   BUY- und SELL-Positionen getrennt (Separate BUY SELL)   , Schließen und Berechnen   aller Symbole oder nur des aktuellen Symbols (Alle Symbole)   , Trailing for Profit aktivieren (   Trailing   Profit) Positionen werden basierend auf einem We
-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt5 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert -  Risk reward indicator mt5 Video tutorials, manuals, DEMO download   here .   Find contacts on my   profile . 1.   Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extende
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Version 1.1 2019.02.14
Version 1.01

Bug fixed: The Target icon is now correctly recalculated and redraw on chart (when the Target price level evolves in time depending on the trendline's slope).