Market / MetaTrader 4 / Utilities /

Trendline EA

30 USD

Demo downloaded: 944

Published: 14 August 2017

Current version: 2.83

Trendline EA

4.55

Utilities
Carlos Oliveira
Version: 2.83
Updated: 27 July 2024
Activations: 10

The FXTT Trendline EA for MT4 is a trading robot designed to automate trades based on trendlines drawn on your charts.

This EA improves MetaTrader's standard capabilities by allowing you to set pending orders directly from your trendlines, enhancing your trading strategy with precision and automation.

Key Features:

Automated Trading: Automates trades based on trendlines you draw, enhancing precision and reducing manual effort.
Customizable Actions and Alerts: Assign specific Buy/Sell actions to trendlines and receive alerts via popup, email, push notifications, or sound.
Comprehensive Money Management: Set default lot sizes, risk-based lot size calculation, and define risk percentage for optimal money management.
Advanced SL/TP and Trailing Stops: Configure Stop Loss and Take Profit values, enable trailing stops, and activate break even stops to secure profits.
Flexible Breakout and Reentry Strategies: Choose from various breakout types, handle false breakouts, and configure reentry behavior for continuous trading opportunities.

Important Notes:

The EA assists in trading but requires user intervention.
Test the EA on a demo account first to understand its functionality and risks.

How to Use:

Load the EA onto your chart.
Draw your trendlines.
Assign Buy or Sell actions to your trendlines.
Optionally, configure specific actions for each line.
Let the EA manage your trades automatically.

Input Parameters:

Enabled: Toggle to enable or disable the EA.
Magic Number: Unique identifier for the EA’s orders.
Buy Type: Type of Buy (BuyOnAsk or BuyOnBid).
Maximum Slippage (pips): Defines the maximum allowable slippage.
Maximum Spread (points): Maximum spread allowed for placing orders.

Money Management:

Default Lot Size: Default volume if no specific volume command is present.
Use Money Management: Calculate lot size based on risk percentage.
Risk Percent (MAX. 10%): Define the risk percentage of your account balance for default volume calculation.

SL & TP:

Default Stop Loss (pips): Default Stop Loss value if not specified on the trendline.
Default Take Profit (pips): Default Take Profit value if not specified on the trendline.

Trailing Stop:

Use Trailing Stop: Enable or disable trailing stop.
Trailing Stop (points): Distance for trailing stop.
Minimum Profit (points): Minimum profit required to activate trailing stop.
Step (points): Step size for trailing stop adjustment.

Break Even:

Use Break Even Stop: Enable or disable break even stop.
Minimum Profit (points): Minimum profit required to activate break even stop.
Lock Profit (points): Profit to lock in when break even stop is activated.

Breakouts:

Breakout Type:
- On Close of Candle: Orders are opened after candle closes post-breakout.
- On Distance in Pips: Orders are opened once price breaks the trendline by a specified distance.
- On Close of Candle with Validation: Orders are opened after candle closes with max/min validation.
Breakout Distance (pips): Distance from trendline to consider a breakout (if using "On Distance in Pips").

False Breakouts:

False Breakout Distance (points): Minimum distance for false breakouts.

Reentries:

Reentry Type:
- No Reentry: Does not re-enter.
- Entry On Order Close: Opens new order after the previous one closes.
- Entry After Minutes: Opens new order after a specified number of minutes.
Reentry After Minutes: Number of minutes to wait before re-entering a trade.

Close Command Behavior:

Close Behavior:
- Once: Close only once.
- Always: Close every time the condition is met.

Alerts:

Popup Alerts: Show alert on price reaching an "Alert" trendline.
Email Alerts: Send email on price reaching an "Alert" trendline.
Push Notifications: Send notification on price reaching an "Alert" trendline.
Sound Alerts: Play sound on price reaching an "Alert" trendline.
Sound File Name: Specify .wav file for sound alerts.
Minimum Line Distance (pips): Sets the minimum distance for price to be considered a touch.

Available Action Commands:

Buy on Touch: Buy | BoT | BuyOnTouch
Sell on Touch: Sell | SoT | SellOnTouch
Buy on Breakout: BoB | BuyOnBreakout
Sell on Breakout: SoB | SellOnBreakout
Buy on Pullback: BoPB | BuyOnPullback
Sell on Pullback: SoPB | SellOnPullback
Buy on False Breakout: BoFB | BuyOnFalseBreakout
Sell on False Breakout: SoFB | SellOnFalseBreakout
Close All Buy Orders on Touch: CaB
Close All Sell Orders on Touch: CaS
Close All Orders on Touch: CaO
Close Partial Volume on Touch: CP
Alert on Touch: Alert

Available Action Parameters:

Take Profit: TakeProfit | TP
Stop Loss: StopLoss | SL
Volume: Volume | Vol | V

Usage Examples:

Sell 0.05 lots on trendline touch with 20 pips stop loss and 50 pips take profit:

Sell SL:20 TP:50 Vol:0.05
Buy default lots on trendline breakout with 100 pips stop loss:
```
        BuyOnBreakout SL:100
```
Close all Sell orders on trendline touch:

CaS
Close 0.01 lots of order on trendline touch:
```
        CP vol:0.01
```
Buy 0.05 lots on trendline breakout with 100 pips stop loss and 200 pips take profit:

BoB SL:100 TP:200 V:0.05
Alert "Trendline reached" on trendline touch:
```
        Alert trendline Reached 
```

more...

305

paddock 2023.12.17 01:10 #

Fantastic, in fact it's so good I have it for both MT4 and MT5.

600

Petter Rogstad 2021.09.14 13:57 #

I great indicator for taking and managing your trades.

529

spetrosyan1979 2021.03.19 15:22 #

Отлично, это то что я искал, и неприлично дешево )

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The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when

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Price Action Trade Panel MT4 calculates the buying/selling force level balance of any symbol/instrument, based on pure price action data of the specified (8 by default) past candles. This will give you the closest market sentiment possible by monitoring the price action of 32 symbols/instruments that are available on the indicator's panel. A buying/selling force level over 60% gives a quite solid level for buy/sell the specific symbol (using the default settings). Price Action Trade Panel MT4

60 USD

The FXTT Trendline EA for MT5 is a robot that helps you trade using the trendlines drawn on your chart. It basically allows you to set pending orders using trend lines . Something that Metatrader does not allow you to do by default. Easy to set up Choose default Lot size , Stop Loss and Take Profit Allows action on Touch, Pullback, Breakout or False Breakout of trendline The usage and configuration of the Expert Advisor is as follows: Load the EA Draw your trendlines on the chart Add Buy or Sell

30 USD

Filter:

305

paddock 2023.12.17 01:10 #

Fantastic, in fact it's so good I have it for both MT4 and MT5.

600

Petter Rogstad 2021.09.14 13:57 #

I great indicator for taking and managing your trades.

529

spetrosyan1979 2021.03.19 15:22 #

Отлично, это то что я искал, и неприлично дешево )

albertforex 2020.12.16 15:14 #

It works perfectly so far, and Carlos provided helpful technical assistance!

mponk 2020.05.22 02:02 #

this ea help me a lot and perfect for my trading strategy...

thx carlos

214

Honjo Masamune 2020.01.30 15:19 #

User didn't leave any comment to the rating

907

Aitor Romero 2019.05.05 20:12 #

Great product It is a tool that has become essential in my successful trading. Thanks, Carlos. I will look forward to the new version.

386

quangbachpr 2019.02.26 17:46 #

User didn't leave any comment to the rating

1092

Martin Volk 2019.01.28 19:45 #

testbacon 2018.06.14 08:06 #

Amazing EA for the price! There are some things that could be improved upon or added, but at this price, you can't complain! Highly recommended. Don't bother with the demo version, support the developer and fork out the $30. He responds very quickly to questions and fixes bugs in a timely manner.

***EDIT/UPDATE June 14, 2018***: After using it for a while, I have encountered a few bugs, which have unfortunately caused me to lose money. I can't rely on this EA at the moment, so I cannot recommend it in its current state.

david.ekerold 2018.04.06 17:44 #

User didn't leave any comment to the rating

607

GermanPotato 2017.11.24 12:46 #

One of the best tool which i know....

I was looking for a long time such a tool.... :-)

Perfect...

Version 2.83 2024.07.27

- Fixed issue in Maximum Spread
- Other stability improvements

Version 2.5 2023.12.15

Fixes issue with CP (ClosePartial) command

Version 2.4 2021.11.09

Fixes issue with trailing stop not working properly

Version 2.3 2021.10.22

- Added support for Breakeven Stop

Version 2.2 2021.09.14

- Fixed bug in Min line distance detection
- Added support for Trailing Stop

Version 2.1 2021.09.07

- Added option "Min line distance detection (in points)"

Version 2.0 2021.07.19

- Added new "atclose" optional command to apply to CaO, CaB and CaS
- Fixed bug on Reentry type
- Improved performance

Version 1.120 2018.04.04

Fixed bug where CaO command would close orders on all charts
Added Money management & RiskPercent
Added ability to change the Minimum line distance

Version 1.85 2018.01.16

- Implemented new action: Buy/Sell on False Breakout
- Performance improvements
- Bug fixes

Version 1.70 2017.11.02

- Added feature to allow multiple actions per line.
- Added "ReentryType" option that allows multiple entries per line.
- Added "BuyType" option to choose the detection of BUY actions (on ASK or on BID).
- Added Alert options for Popup, Email, Push Notification and Sound
- Fixed bug where horizontal lines would not trigger the defined actions
- Several minor bug fixes

Version 1.20 2017.08.24

Small bug fixes