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TrendLine Auto Executor MT4

ATTENTION: the utility cannot work in the Strategy Tester, if you want to try the demo version for free for a week, or have any questions, write me an email! You can find my address on my user profile.

TrendLine Auto Executor is a software capable of identifying the trendlines you have drawn on the chart and opening orders as soon as they are touched or exceeded.

The software allows you to manage two orders at a time for each chart by tracking two groups of trendlines, one for each order, and each order is defined by tracking 3 lines:

  • the first trendline drawn identifies the opening price of the order
  • the second trendline (optional) identifies the price at which to place the stop loss
  • the third trendline (optional) identifies the price at which to place the take profit

Once the trendlines have been drawn, TrendLine Auto Executor automatically updates, candle after candle, the opening, take profit and stop loss prices following the inclination of the lines, until the order is opened.

Everything is managed via a simple and practical control panel (dashboard) present on the price graph which allows you to set the type and size of the order.

 

Input parameters:

Set the Magic Number:  allows you to set the bot's magic number


Trendline Colors

  • TrendLine Group 1:  allows you to set the color of the trendlines of group 1
  • TrendLine Group 2:  allows you to set the color of the trendlines of group 2

Price lines Colors

  • Opening price:  allows you to set the color of the horizontal line automatically drawn on the graph that identifies the opening price of the order
  • Stop Loss:  allows you to set the color of the horizontal line automatically drawn on the graph that identifies the stop loss
  • Take Profit:  allows you to set the color of the horizontal line automatically drawn on the graph that identifies the take profit

Dashboard

  • Show the Dashboard:  Select Yes to display the dashboard, No to hide it
  • Background color:  allows you to set the background color of the dashboard
  • Content color:  allows you to set the color of all elements within the dashboard

 

Dashboard

The dashboard allows you to define the type of order you wish to open in a very simple way, using the various buttons. Each part of it is described below.

  • Magic number:  indicates the magic number assigned when setting the parameters.
  • Server Time: i ndicates the current server time.
  • TrendLine Group 1 (and Trendline Group 2):  indicates the area within the dashboard dedicated to group 1, or group 2, of trendlines. The color of the writing recalls the one set for the trendline group when setting the parameters.
  • Turn on Trading:  by clicking on the red button you can activate trading and open orders (the button turns green and the writing shows “Trading ON”).
  • ORDER  (the two buttons allow you to set the type of order)
    • Buy:  to set the automatic opening of a buy order.
    • Sell:  to set the automatic opening of a sell order.
  • ENTRY  (the two buttons allow you to set the type of entry)
    • If touched:  the order will be executed as soon as the price touches the trendline.
    • At open:  the order will be executed when a new candle opens. If Buy has been set, the new candle must open above the trendline, while the opening of the previous one must be below. In the case of a Sell order, the new candle must open below the trendline, while the opening of the previous candle must be above.
  • TP & SL  (the two buttons allow you to set how to manage the take profit and stop loss once the order has been opened)
    • Static:  once the market order is opened, the TP and SL (if present) will remain unchanged.
    • Dynamic:  once the market order has been opened, the TP and SL (if present) will follow the trendlines drawn, assuming the same values, furthermore by manually moving the trendlines it is possible to also move the TP and SL.
  • VOLUME  (the two buttons allow you to set the volume of the operation)
    • Size:  the volume is set by defining the number of lots or contracts. The value must be entered in the field alongside indicated by the words “Enter size:”. The estimated percentage risk in relation to the Balance is indicated just below (the Stop Loss line must have been drawn).
    • Risk%:  the volume is set by defining the percentage risk compared to the Balance. The value must be entered in the field alongside indicated by the writing “Enter risk %:”. The estimated size for opening the order is indicated just below (the Stop Loss line must have been drawn to calculate the size and therefore open the order).
  • The table at the bottom indicates the prices, the monetary profit and in percentage of the Balance, both of the order not yet placed based on where the trendlines have been positioned, and of the market order once opened by the software.
  • Finally, the word Profit positioned at the bottom shows the indication:
    • “no orders planned”,  if no trendlines are drawn on the graph and therefore no order has been planned
    • “order planned but not yet executed” , if trendlines are drawn but the order has not yet been executed
    • The monetary profit and the profit compared to the balance, if the order has been executed and is at market

 

Notes for correct use:

  • The software is developed to only recognize trendlines of the color specified when setting the parameters, other types of lines and other colors are not taken into consideration.
  • To be identified and recognized, trendlines must be traced up to the current candlestick, otherwise it is as if they were not present.
  • To define an order it is necessary to draw at least one trendline to identify the opening price.
  • If you set the At open option as ENTRY, the order will open according to the set chart timeframe.
  • Once the order is closed (manually, for take profit or stop loss) the bot disables trading by returning the "Turn on Trading" button to the red color and the size to zero. The trendlines still remain positioned on the chart so you can reuse them to plan new orders.
  • Once the trendlines have been drawn, the software automatically draws horizontal lines that indicate the opening price of the order and, if indicated, the prices at which to place the stop loss and take profit.
  • The buttons and writings on the dashboard update their status with each new tick of the market, in phases of low liquidity there may be some delay in the response of the buttons.


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Exploit currency inefficiencies for risk-free trading A triangular arbitrage strategy exploits inefficiencies between three related currency pairs, placing offsetting transactions which cancel each other for a net profit when the inefficiency is resolved. A deal involves three trades, exchanging the initial currency for a second, the second currency for a third, and the third currency for the initial. With the third trade, the arbitrageur locks in a zero-risk profit from the discrepancy that exi
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Auto Trade Copier is designed to copy trades to multiple MT4, MT5 and cTrader accounts/terminals with 100% accuracy. The provider and receiver accounts must be on the same PC/VPS. With this tool, you can copy trades to receiver accounts on the same PC/VPS. All trading actions will be copied from provider to receiver perfectly. This version can be used on MT4 accounts only. For MT5 accounts, you must use Auto Trade Copier for MT5 . Reference: - For MT4 receiver, please download Trade Receiver Fre
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Summer 40% discount ($149 -> $88) Everything for chart Technical Analysis indicator mt4 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 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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Utilities
This program will allow you to export all of your trades from your MetaTrader account straight into Notion using a very friendly User Interface.  MT5 Version  |  User Guide + Demo To get started please use the User Guide and download the Notion Template. If you want a Demo please go to the User Guide. Does not work in the strategy tester! Main Features Export All trades from your trading account into your Notion Export Trades   from     the Last Day Export Trades   from     the Last  Week Expor
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5 (8)
Utilities
Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
Engulfing Dashboard
Mhd Amran Bin Lop
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Engulfing Dashboard is a forex system that can help you generate forex profits easily without having to work hard to learn forex knowledge because this Dashboard is complete with all the facilities and functions that are sophisticated and effective. This system is made based on Supply and Demand techniques to measure Market Direction (trend) more accurately than using indicators such as Moving Average, MACD, trendline and so on. It is made using a certain formula so that the accuracy of the mar
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Vu Trung Kien
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Utilities
News Trader Pro is a unique robot that allows you to trade the news by your predefined strategy. It loads every piece of news from several popular Forex websites. You can choose any news and preset the strategy to trade it, and then News Trader Pro will trade that news by selected strategy automatically when the news comes. News release gives opportunity to have pips since the price usually has big move at that time. Now, with this tool, trading news becomes easier, more flexible and more exciti
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4.86 (28)
Utilities
Closing positions in MetaTrader 4 upon reaching the total profit/loss with the profit trailing function. You can enable the Virtual stops (Separate Order) , Calculating and closing for BUY and SELL positions separately (Separate BUY SELL) , Closing and calculating all symbols or the current symbol only (All Symbols) , Enable trailing for profit ( Trailing Profit) Close on total profit and loss in deposit currency, points, or % of the balance. The application is designed for use on any account t
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Utilities
SAFETYLOCK is a powerful tool that enables traders to shield their positions from sudden market reversals by automatically placing an opposite order for any open trade. When a trader or an Expert Advisor (EA) initiates a position, SAFETYLOCK immediately sets a corresponding pending order (Buy Stop or Sell Stop). If the original position starts incurring losses, the pending order is triggered, creating a protective lock that helps mitigate risk. This Expert Advisor offers flexibility, allowing y
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Tyrell Strategy 2 is a professional trading strategy based on the key concepts of Technical Analysis and developed by a team of traders and programmers with many years of experience. The Expert Advisor operates by placing pending Buy Stop orders and exploits the price movements that occur following the creation of specific volatility patterns. Tyrell Strategy 2 is equipped with several risk management systems, including a trailing stop that intervenes once the market order exceeds a specific p
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Tyrell Strategy 3  is a professional trading strategy based on the key concepts of Technical Analysis and developed by a team of traders and programmers with many years of experience. The Expert Advisor operates by placing pending Buy Stop orders and has the aim of identifying the reversal phases and riding the new trend until it runs out. Tyrell Strategy 3  is equipped with several risk management systems, including a trailing stop that intervenes once the market order exceeds a specific profi
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