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Master Trendline

This EA utility opens trade when price touches trend line on your chart.

How to use in 2 steps?

  1. Attached this utility on your chart with your desired parameters  and risk management settings set.
  2. Draw a line using "Horizontal line tool" or  "Trend line tool" on your chart.

Rules:

  • You can draw a minimum of 1 line and a maximum of 2 lines  in the chart.
  • It will only trade once on a symbol when it touches the line.
  • You need to have a  fundamental knowledge about trend line trading.

Parameters:

  • MagicNumber -  return an identifying (magic) number of the currently selected order.
  • Trend Line Strategy - The Option to choose, 
    1.  A: Break Out Trend Line - will open buy when it crosses above 1 line or when it crosses above the Upper line,  will open sell when it crosses below 1 line or when it crosses bellow the lower line.
    2.  B: Reversal Trend Line  - will open sell when it crosses above 1 line or when it crosses above the Upper line,  will open buy when it crosses below 1 line or when it crosses bellow the lower line.
  • Trail Stop Pips (0 to Deactivate) - Will move stop loss if price moves in favor.
  • Delete Line - if set to true, it will delete trend lines after a trade is open.
  • Max Spread points  - the maximum spread you allow to open a trade.
  • EA_Comment - input comment in trade.
  • ~~~~~Risk Settings~~~~~
  • TradeSize - input initial lot size.
  • Loss Factor - wil multiply lot size if last trade is loss.
  • Restart lot on consecutive losses - if consecutive losses is reached the next trade will open at initial lot size.
  • TPSL Pips or Average True Range(ATR) - the option to choose,
    • Use ATR as TPSL -  it will use ATR values as measurement on placing TP and SL.
    • Use PIPS as TPSL    it will use Pips values as measurement on placing TP and SL.
  • ATR Settings------------------------------------------------------
  • TP ATR Size Multiplier - Multiplies ATR size to use as TP.
  • SL ATR Size Multiplier  - Multiplies ATR size to use as SL.
  • ATR Period -  Input ATR period value.
  • Pips Settings------------------------------------------------------
  • TP_Pips -  Input pips to use as TP.
  • SL_Pips   Input pips to use as SL.
  • Alert Settings - It will alert you every time it opens a trade.
  • Send_Email 
  • Audible_Alerts 
  • Push_Notifications

if you have more questions just send me a private message here in MQL, thank you.

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The price action toolkit EA is designed for scalpers but can be used on all timeframes to quickly enter the market with correctly calculated lot sizing based on your stop level, It allows you to quickly enter trades (instantly or at candle highs and lows with pending orders) and then adjust stops and take profits as the market moves. For a full list of all the features, settings and best practice strategy to use click here:  https://www.mql5.com/en/blogs/post/748072 MT5 version available here:
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Mehdi Faraz Fard
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Mehdi Faraz Fard 2021.07.11 13:39 
 

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