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Trendline EA

4.55

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:

  1. Automated Trading: Automates trades based on trendlines you draw, enhancing precision and reducing manual effort.
  2. Customizable Actions and Alerts: Assign specific Buy/Sell actions to trendlines and receive alerts via popup, email, push notifications, or sound.
  3. Comprehensive Money Management: Set default lot sizes, risk-based lot size calculation, and define risk percentage for optimal money management.
  4. Advanced SL/TP and Trailing Stops: Configure Stop Loss and Take Profit values, enable trailing stops, and activate break even stops to secure profits.
  5. 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:

  1. Load the EA onto your chart.
  2. Draw your trendlines.
  3. Assign Buy or Sell actions to your trendlines.
  4. Optionally, configure specific actions for each line.
  5. 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



    Avis 12
    paddock
    305
    paddock 2023.12.17 01:10 
     

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

    Petter Rogstad
    600
    Petter Rogstad 2021.09.14 13:57 
     

    I great indicator for taking and managing your trades.

    spetrosyan1979
    529
    spetrosyan1979 2021.03.19 15:22 
     

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

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    Carlos Oliveira
    4.8 (15)
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    Filtrer:
    paddock
    305
    paddock 2023.12.17 01:10 
     

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

    Petter Rogstad
    600
    Petter Rogstad 2021.09.14 13:57 
     

    I great indicator for taking and managing your trades.

    spetrosyan1979
    529
    spetrosyan1979 2021.03.19 15:22 
     

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

    albertforex
    29
    albertforex 2020.12.16 15:14 
     

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

    mponk
    26
    mponk 2020.05.22 02:02 
     

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

    thx carlos

    Honjo Masamune
    214
    Honjo Masamune 2020.01.30 15:19 
     

    L'utilisateur n'a laissé aucun commentaire sur la note

    Aitor Romero
    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.

    quangbachpr
    386
    quangbachpr 2019.02.26 17:46 
     

    L'utilisateur n'a laissé aucun commentaire sur la note

    Martin Volk
    1092
    Martin Volk 2019.01.28 19:45 
     

    ok

    testbacon
    35
    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
    40
    david.ekerold 2018.04.06 17:44 
     

    L'utilisateur n'a laissé aucun commentaire sur la note

    GermanPotato
    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...

    Répondre à l'avis
    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