Market / MetaTrader 4 / Utilities /

Trendline EA

30 USD

Demo downloaded: 975

Published: 14 August 2017

Current version: 2.83

Trendline EA

4.5

Utilities
Carlos Oliveira
Carlos Oliveira
Portugal

11092
4.6 (31)
- https://www.forextradingtools.eu/
8 products 6 codes 21 comments
Version: 2.83
Updated: 27 July 2024
Activations: 10

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

Attach the Expert Advisor to a chart
Draw a trendline using standard MetaTrader tools
Add an action command to the trendline name
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

more...

1679

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

386

paddock 2023.12.17 01:10 #

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

583

Petter Rogstad 2021.09.14 13:57 #

I great indicator for taking and managing your trades.

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FxTT News Feed FxTT News Feed is a free companion Expert Advisor for ChartDeck PRO. It has no trading logic, places no orders, manages no positions, and reads no market prices. It fetches economic calendar data on a timer and writes it to a local file, because MetaTrader 4 indicators cannot make network requests. Attach it once to any chart in the terminal. One instance serves every ChartDeck PRO chart there. This is a prerequisite for ChartDeck PRO's Daily News row, not a general-purpose tool.

FREE

ChartDeck PRO ChartDeck PRO combines seven MetaTrader 4 chart tools, moving averages, Bollinger Bands, ZigZag, support and resistance, pivot points, sessions, and economic news, into one indicator with a single icon panel. One program replaces seven indicators and seven properties dialogs. Each tool switches on or off with a click. A settings drawer next to the panel changes parameters on the chart. No need to reopen the properties dialog. Each tool keeps its own timeframe, parameters, and alert

39 USD

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

39 USD

ChartDeck PRO ChartDeck PRO is an indicator for MetaTrader 5 that combines seven chart tools in one program and controls them from a dockable icon panel on the chart. Each tool is switched on or off with a single click on its icon. Parameters are changed on the chart in a settings drawer that opens next to the panel, without reopening the indicator properties dialog. Every tool keeps its own timeframe, its own parameters and its own alert delivery settings. The product is intended for traders wh

39 USD

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1679

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

386

paddock 2023.12.17 01:10 #

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

583

Petter Rogstad 2021.09.14 13:57 #

I great indicator for taking and managing your trades.

524

spetrosyan1979 2021.03.19 15:22 #

User didn't leave any comment to the rating

albertforex 2020.12.16 15:14 #

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

mponk 2020.05.22 02:02 #

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

thx carlos

214

Honjo Masamune 2020.01.30 15:19 #

User didn't leave any comment to the rating

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.

384

quangbachpr 2019.02.26 17:46 #

User didn't leave any comment to the rating

1086

Martin Volk 2019.01.28 19:45 #

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.

170

David Ekerold 2018.04.06 17:44 #

User didn't leave any comment to the rating

724

GermanPotato 2017.11.24 12:46 #

User didn't leave any comment to the rating

Trendline EA

Carlos Oliveira

Trendline EA MT4

Additional materials

Functionality Overview

Trendline-Based Trade Execution

Monitoring and Alerts

User-Controlled Analysis

Basic Usage

Supported Action Commands

Input Parameters

Usage Examples

Frequently Asked Questions

Important Notes