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Trendline EA

4.44

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 



    Reviews 12
    paddock
    310
    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.

    albertforex
    29
    albertforex 2020.12.16 15:14 
     

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

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    Trading Panel for trading in 1 click.  Working with positions and orders!  Trading from the chart or the keyboard. Using our trading panel, you can trade in one click from the chart and perform trading operations 30 times faster than the standard MetaTrader control. Automatic calculations of parameters and functions that make life easier for a trader and help a trader conduct their trading activities much faster and more conveniently. Graphic tips and full information on trade deals on the chart
    News Trapper EA
    Noha Mohamed Fathy Younes Badr
    4.82 (11)
    Hi, all.  News trapper EA It is an expert for trading news very safe expert  Automated Trading on the news of the economic calendar. It shows stable trading during last 10  years. EA doesn't use dangerous technologies like martingale, grid. The Expert is very simple to use. how to install it     and set files     read the blog         after purchase contact me to add you to   VIP   channel  The program contains flexible settings for trading on the news of the economic calendar. It cannot be ch
    The News Filter
    Leolouiski Gan
    5 (19)
    This product filters all expert advisors and manual charts during news time. This product also comes with a complete  order management system that can handle your open positions and pending orders before the release of any news. Once you purchase The News Filter , you will no longer need to rely on built-in news filters for future expert advisors, as this product can filter them all from here onwards. Please note that this product does not work in the strategy tester. To properly evaluate the
    The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
    Take a Break
    Eric Emmrich
    5 (26)
    The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when
    CloseIfProfitorLoss with Trailing
    Vladislav Andruschenko
    4.86 (28)
    Closing positions in MetaTrader 4 upon reaching the total profit/loss with the profit trailing function. You can enable the Virtual stops (Separate Order) , Calculating and closing for BUY and SELL positions separately (Separate BUY SELL) , Closing and calculating all symbols or the current symbol only (All Symbols) , Enable trailing for profit ( Trailing Profit) Close on total profit and loss on deposit currency, points, % of the balance. The application is designed for use on any account toge
    Bar Replay MT4
    Hoang The Manh
    3.43 (7)
    Don't purchase before testing the Demo version first. DEMO version:   https://www.mql5.com/en/market/product/76917 __________________________________________________ This EA  - Tool allow you replay bar in Meta Trader 4 for back test. This Tool can back test in multi timeframe in only one chart. This Tool is very useful for Price action trader. It can work with Indicators, some indicators cannot works. So please download Demo to test before purchase.  Demo Version We do not accept refund in any
    Eezeorder 2
    Tawanda Tinarwo
    5 (2)
    NEW VERSION!  NB: IF YOU ARE USING A VERY HIGH RESOLUTION MACHINE AND THE EA DISPLAY LOOKS TOO SMALL, CONTACT ME SO I CAN HELP YOU. Open Multiple Trades on MT4 in 1 click at one price. Enter the Lot size Specify the number of trades you want to open Choose whether you want TP SL or Trailing Stop Once you are done, click Buy or Sell Open Multiple Pending Orders on MT4 in 1 click at one price. Enter the Lot size Specify the gap from the current price, where you want to place the pending order Spe
    Effortlessly calculate lot sizes and manage trades to save time and avoid costly errors This Expert Advisor constantly monitors the equity of your trading account to prevent costly drawdowns and/or to comply with trading rules. When a certain set of rules are breached, the EA will alert, close all trades and in some cases, delete all pending orders. Optionally, it can also close all charts to remove all EAs operating in the account. This EA is particularly useful for Prop Trading Challenges, s
    MT4 To Notion
    DaneTrades Ltd
    5 (2)
    This program will allow you to export all of your trades from your MetaTrader account straight into Notion using a very friendly User Interface.  MT5 Version  |  User Guide + Demo To get started please use the User Guide and download the Notion Template. If you want a Demo please go to the User Guide. Does not work in the strategy tester! Main Features Export All trades from your trading account into your Notion Export Trades   from     the Last Day Export Trades   from     the Last  Week Expo
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    Trendline EA MT5
    Carlos Oliveira
    5 (13)
    The FXTT Trendline EA for MT5 is a robot that helps you trade using the trendlines drawn on your chart. It basically allows you to set pending orders using trend lines . Something that Metatrader does not allow you to do by default. Easy to set up Choose default Lot size , Stop Loss and Take Profit Allows action on Touch, Pullback, Breakout or False Breakout of trendline The usage and configuration of the Expert Advisor is as follows: Load the EA Draw your trendlines on the chart Add Buy or Sell
    Filter:
    paddock
    310
    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 
     

    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
    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 
     

    User didn't leave any comment to the rating

    Martin Volk
    1093
    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 
     

    User didn't leave any comment to the rating

    GermanPotato
    607
    GermanPotato 2017.11.24 12:46 
     

    User didn't leave any comment to the rating

    Reply to review
    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