Trendline EA

4.5

Trendline EA MT4

Trendline EA MT4 is a semi-automated Expert Advisor for MetaTrader 4 designed to execute trading actions or alerts based on trendlines drawn by the user.

MetaTrader 4 does not provide native functionality to place or manage trades directly from trendlines. This Expert Advisor extends standard platform behavior by monitoring user-defined trendlines and executing predefined actions when price interacts with them.

The Expert Advisor does not define or apply any trading strategy. All trading logic and decisions remain fully under the user’s control.

Additional materials

User guide and documentation

MT5 Version

Functionality Overview

Trendline-Based Trade Execution

  • Execute buy or sell actions when price touches, breaks, or pulls back from a trendline
  • Configure stop loss, take profit, and volume per trendline
  • Trigger actions based on candle close or price distance from the trendline

Monitoring and Alerts

  • Generate alerts on trendline touch, breakout, pullback, or false breakout
  • Support for popup, email, push notification, and sound alerts
  • Optional automatic position closing when price reaches an exit trendline

User-Controlled Analysis

  • The Expert Advisor does not draw, modify, or reposition trendlines
  • All chart analysis remains unchanged and fully controlled by the user

Basic Usage

  1. Attach the Expert Advisor to a chart
  2. Draw a trendline using standard MetaTrader tools
  3. Add an action command to the trendline name
  4. The Expert Advisor monitors the trendline and executes the specified action
BoB SL:100 TP:200 V:0.05

Supported Action Commands

Trade actions

  • Buy / BoT / BuyOnTouch
  • Sell / SoT / SellOnTouch
  • BoB / BuyOnBreakout
  • SoB / SellOnBreakout
  • BoPB / BuyOnPullback
  • SoPB / SellOnPullback
  • BoFB / BuyOnFalseBreakout
  • SoFB / SellOnFalseBreakout

Position management

  • CaB – Close all Buy positions
  • CaS – Close all Sell positions
  • CaO – Close all positions
  • CP – Close partial volume

Alert actions

  • Alert / AoT – Alert on touch
  • AoB – Alert on breakout
  • AoP – Alert on pullback
  • AoFB – Alert on false breakout

Action parameters

  • TP – Take profit in points
  • SL – Stop loss in points
  • V – Trade volume

Input Parameters

  • Enable or disable Expert Advisor operation
  • Magic Number for trade identification
  • Maximum slippage
  • Default stop loss and take profit
  • Default trade volume
  • Breakout detection method
  • Breakout distance in pips
  • Buy trigger price type
  • Re-entry configuration per trendline
  • False breakout minimum shift
  • Alert delivery options
  • Alert sound file

Usage Examples

Buy on breakout with predefined parameters

BoB SL:100 TP:200 V:0.05

Alert when price touches a trendline

Alert

Sell on pullback

SoPB SL:80 TP:160 V:0.03

Close all Buy positions

CaB

Frequently Asked Questions

Does the Expert Advisor trade automatically?
No. The Expert Advisor only executes actions explicitly defined by the user.

Does it modify trendlines?
No. All trendlines remain unchanged.

Can it be used for alerts only?
Yes. Trading actions are optional.

Is it compatible with all symbols and timeframes?
Yes, provided they are supported by MetaTrader 5.

Is a VPS required?
A VPS is optional and depends on the user’s execution and monitoring needs.

Important Notes

  • This is a semi-automated Expert Advisor
  • No trading strategy is included
  • Trading results depend entirely on user configuration and market conditions
  • Testing on a demo account is recommended before live use
Reviews 13
Max
1639
Max 2024.10.30 22:06 
 

it is brilliant so far, can use the same line again, just what I wanted, add the code in the description field of the selected line

paddock
366
paddock 2023.12.17 01:10 
 

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

Petter Rogstad
573
Petter Rogstad 2021.09.14 13:57 
 

I great indicator for taking and managing your trades.

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News Filter EA MT4
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News Filter EA: Advanced Algo Trading Assistant News Filter EA is an advanced algo trading assistant designed to enhance your trading experience. By using the   News Filter EA , you can integrate a Forex economic news filter into your existing expert advisor, even if you do not have access to its source code. In addition to the news filter, you can also specify   trading days   and   hours   for your expert. The News Filter EA also includes   risk management   and   equity protection   features
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Coppy Master MT4   is a trade copier tool for MetaTrader 4 and MetaTrader 5 terminals. It supports copying in both directions: from MT4 to MT5, from MT5 to MT4, as well as between accounts of the same type MT4 to MT4. To work correctly, all terminals must be running on the same PC or VPS. [ Instruction  and Demo ]  For copying to MetaTrader 4, a separate version —   Coppy Master MT5   — is required. Main Features: Copying Modes Supports both Master and Receiver roles. Flexible setup for sending
MT4 to Telegram Signal Provider
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4.88 (41)
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MT4 to Telegram Signal Provider   turns your trading account into a signal provider. Every trade action, whether manual, by EA or from your phone, is instantly sent as a message to Telegram. You can fully customize the format or use a ready-made template for quick setup. [ Demo ] [ Manual ] [ MT5 Version ] [ Discord Version ]  New: [ Telegram To MT5 ] Setup A step by step user guide is available. Key Features Ability to customize order details sent to subscribers You can create a tiered subs
MT4 To Telegram Signal Bridge
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Elevate Your Trading Signals with Our Advanced Telegram Bridge EA It’s time to captivate your audience with real-time trading updates that are both professional and visually appealing. Contact me to receive a trial and see the demo channel! We have significantly invested in user friendly features that create a unique experience for customers and providers.  SIGNAL BRIDGE is able to deliver 100% COPIER FRIENDLY SIGNALS for all business cases, even bypassing Metatrader logics where other EAs stru
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SAFETYLOCK for MetaTrader 4 is a premium trade-protection utility built to defend open positions against sharp market reversals by placing an opposite safety order automatically. As soon as a trader or an Expert Advisor (EA) opens a position, SAFETYLOCK for MT4 creates a corresponding pending order (Buy Stop or Sell Stop) in the opposite direction. If the market moves against the original trade, the pending order is triggered and forms a protective lock, helping the trader control drawdown and o
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Time saving and fast execution Whether you’re traveling or sleeping, always know that Telegram To Mt4 performs the trades for you. In other words, Our   Telegram MT4 Signal Trader  will analyze the trading signals you receive on your selected Telegram channels and execute them to your Telegram to MT4 account. Reduce The Risk Telegram To Mt4   defines the whole experience of copying signals from   Telegram signal copier to mt4 platforms. Users not only can follow all instructions from the signa
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Trendline EA MT5
Carlos Oliveira
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Trendline EA MT5 Trendline EA MT5 is a semi-automated Expert Advisor for MetaTrader 5 designed to execute trading actions or alerts based on trendlines drawn by the user. MetaTrader 5 does not provide native functionality to place or manage trades directly from trendlines. This Expert Advisor extends standard platform behavior by monitoring user-defined trendlines and executing predefined actions when price interacts with them. The Expert Advisor does not define or apply any trading strategy. Al
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Trendline PRO MT5 Trendline PRO MT5 is a semi-automated Expert Advisor for MetaTrader 5 that executes trades, manages positions, or sends alerts from trendlines and chart levels created by the user. The Expert Advisor does not generate trading signals and does not include a built-in trading strategy. All entries, exits, risk settings, and management rules are defined by the user on the chart. The product is designed for traders who already use trendlines, breakout levels, support and resistance,
Equity Tracker MT5
Carlos Oliveira
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Equity Tracker MT5 Equity Tracker MT5 is a monitoring Expert Advisor for MetaTrader 5 that reports trading activity, account status and technical conditions through notification messages. The Expert Advisor operates independently from trading logic and does not influence order execution or trade management. The product does not open, modify or close trades. It performs observation and notification tasks only. Purpose Equity Tracker MT5 is intended for traders who want to stay informed about thei
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Max
1639
Max 2024.10.30 22:06 
 

it is brilliant so far, can use the same line again, just what I wanted, add the code in the description field of the selected line

paddock
366
paddock 2023.12.17 01:10 
 

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

Petter Rogstad
573
Petter Rogstad 2021.09.14 13:57 
 

I great indicator for taking and managing your trades.

spetrosyan1979
524
spetrosyan1979 2021.03.19 15:22 
 

User didn't leave any comment to the rating

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 
 

User didn't leave any comment to the rating

Aitor Romero
904
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
384
quangbachpr 2019.02.26 17:46 
 

User didn't leave any comment to the rating

Martin Volk
1086
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
170
David Ekerold 2018.04.06 17:44 
 

User didn't leave any comment to the rating

GermanPotato
724
GermanPotato 2017.11.24 12:46 
 

User didn't leave any comment to the rating

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