Trendline Breakouts MT4

Trendline Breakouts is a semi-automatic expert advisor, which means you only need to draw the support and resistance lines, and then let the expert advisor handle the trading for you.

You can use this expert for every market and time frame. Backtesting is not available because this is a semi-automatic EA. You draw the trendlines and let the expert trade for you.

This expert enables you to automatically trade breakouts of both horizontal support and resistance and trendlines, unlike the traditional approach of using pending orders.

A Gift included in this expert  : Range Breakout strategy that identify daily support and resistance levels and initiating both Long and Short trades automaticly at these key points.

Link for the MT5 version : https://www.mql5.com/en/market/product/104566

How it's work?

This expert is looking for a trendline or a horizontal line on the chart.

When the Price crosses above the Upper Trendline (Resistance), a buy order will be opened.

When the Price crosses below the Lower Trendline (Support), a sell order will be opened.

Notes :

  • Resistance is the upper or the highest trendline found in the chart.
  • Support is the lower trendline found in the chart.
  • If only one trendline is found, it is identified as both upper and lower trendline.
  • Remove any unnecessary trendlines and horizontal lines to prevent the expert from executing trades based on outdated lines. 
<General Inputs>

Resistance Break : The Price crosses above the Upper Trendline (Resistance), a buy order will be opened.

Support Break :  The Price crosses below the Lower Trendline (Support), a sell order will be opened.

Range Breakout : Price break  the  support or the resistance level  (no need to activate this option).

Time Interval : Number of hours befor "Time end" to identifier High and Low of the range this is a sensitivity of the high and low algorithm for the first ansd second range (smaller value = less highs and lows, greater value = more highs and lows).

Time end :  End of the time to identify the high and low values for the range.

Trail Stop :  The Trailing Stop will be trailed in this set distance behind the current market price.

Trail Step : The SL will only be modified if it is at least this distance above the previous SL.

Daily Drawdown : Profit /Loss Today , if your account incurs a loss of $50, the expert will automatically disable trading until the following day.

Trade Size: Lot size for each trade if the fixed trading volume mode is chosen.

Max Open Trades : Maximum simultaneous open trades.

Time and Day Filter: Activates or deactivates the time filter which will be checked before new orders are placed.

Magic Number: This number should be unique for every EA in your account since the EAs use it to identify their own trades.

Allow Hedging : Chek if you want to sell when a long position long is open, and vice versa.

Audible_Alerts : Alerts for every order "buy or sell".

Push_Notifcations : Notifications for mobile terminals.


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Aurum AI – The Power of Artificial Intelligence for Gold Trading (XAU/USD) Experience the full potential of technology in trading! Aurum AI is a groundbreaking expert advisor designed for stable and secure performance in the gold market. It combines the power of artificial intelligence, precise trend analysis, and strict risk control to make every trade as effective as possible. Promotion Discount - 40%. 3 copies available at a price of   $275 Bonus for Aurum AI – exclusive GoldPrime AI advisor
Opal
Oeyvind Borgsoe
Experts
Opal is a powerful tool using cutting-edge algorithms and AI-driven calculations. This fully automated EA encompasses the exceptional qualities we associate with the opulent gemstone: proper decision-making, prudence and strong protection. The capital is protected by advanced money management modules, filters, two-step trailing stop and flexible customizing. Opal also takes into account the study of psychological levels in financial markets. Most human beings think in even rounded whole num
HFT Prop Firm EA
Dilwyn Tng
4.97 (626)
Experts
HFT Prop Firm EA is  also known as Green Man due to its distinctive logo, is an Expert Advisor (EA) crafted specifically for overcoming challenges or evaluations from proprietary trading firms (prop firms) that permit High-Frequency Trading (HFT) strategies. With version 5.8 and above GreenMan  HFT Prop Firm EA is plug and play for for almost true HFT prop firm challenges without setfiles with it newly improved automatic features. For limited period: Free utilities worth $198 when you buy HFT
BitcoinRobot
Murodillo Eshkuvvatov
5 (2)
Experts
SET FILE Manual Guidebook  Why Bitcoin trading 1.   Elite Precision Precision – Redefining Trading Cutting-edge algorithms fine-tuned for pinpoint execution. Smart setups crafted to navigate risks and seize opportunities. 2. Adaptive Market Strategies with Real-Time Price Movement Markets shift—but Bitcoin Robot is built to adapt instantly: Trading in trending, volatile, or ranging conditions. Captures breakouts, reversals, and price surges before they happen. Dynamic strategy adjustments en
Omega Code
Nguyen Hang Hai Ha
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Introduction EA Omega Code is a core strategy that has been distilled over many years of research and optimization for the Forex and Gold markets. The strategy combines Scalper and Trailing to optimize performance and reduce risk. Trading orders have Stop Loss, Trailing for customization, and provide many other parameters to optimize the system to suit each user's trading plan. Promotion: with the purchase of Omega Code, users can access the source-code. If you are really interested in the sour
Advanced Multi Scalping EA m
DMITRII GRIDASOV
5 (1)
Experts
ADVANCED  MULTI SCALPING EA  - is fully automatic multi-pair trading system -   very safe with steady growth . This profitable  scalping   EA is really one of the most stable system on the market at the present time - it takes around 70-100 trades per month.  U se Set_files  from "Comments" section for using/testing the EA. Features of EA: Additional spread settings. Adjustable Volatility-Adaptive Stop Loss. SWAP display for Long/Short. Fixed_SL option. System   is safe   and  NOT  using any da
Stock Indexes EA MT4
MQL TOOLS SL
5 (4)
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Stock Indexes EA is a sophisticated trading robot meticulously engineered to capitalize on the dynamics of the US30 . This expert advisor employs advanced algorithms and technical indicators to analyze market trends, identify potential entry and exit points, and execute trades with precision. A news filter has also been added to the robot, which prevents it from opening a position during important economic news , minimizing the risk. In robot, you can also specify the days and hours when the EA
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