Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2011.11.09 11:54

AutoTrendLinien - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Published by:
Nikolay Kositsin
votes: 14

Real author:


This trend indicator automatically generates channel lines in the direction of a trend.

The indicator is quite simple, it is based on the assumption that the price moves from the upper line to the lower one or vice versa.

In case the price has reached the upper line and the channel lines are directed upwards, we should set a sell order at the price rollback from the upper line. As soon as the price reaches the lower channel line, we should set a buy order at the price rollback. The middle line is a dashed one. If the price is located near the middle line, we should wait for the price extreme deviation up to the channel lower or upper level.

The channel itself changes its direction slowly and without any abruptness. In case the channel is changing its direction, the price reversal has started. In such a moment it is better to open positions only from the opposite channel line in the direction of the channel reversal. It may take some time to get used to this indicator and understand its behaviour. The indicator is quite good and works with any timeframes.


Translated from Russian by MetaQuotes Software Corp.
Original code:

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

Auto Fibonacci Retracement Auto Fibonacci Retracement

Automatically draws Fibonacci retracements on chart.

Example of A Simple Breakout Trading Robot Example of A Simple Breakout Trading Robot

Example of a simple breakout trading robot. There are a lot of breakout methods, but this is the simplest one as I think. Please see the attached images to visualize what is the breakout trading...