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Trendline EA

The FXTT Trendline EA for MT4 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 or 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 actions to your trendlines
  • If desired, you can configure specific actions per line
  • Let the EA manage the trades


Input Parameters

  • Enabled - This parameter controls if the EA is enabled or not
  • Magic Number - The magic number for all the opened orders.
  • Maximum Slippage (in pips) - The maximum slippage allowed (in pips) for the open orders.
  • Minimum line distance (in pips) - The minimum distance (in pips) that price must be from the line to be considered as a touch.
  • Default Stop Loss (in pips) - The default value to use as a Stop Loss if none is defined on the trendline.
  • Default Take Profit (in pips) - The default value to use as a Take Profit if none is defined on the trendline.
  • UseMoneyManagement - If true, the default lot size will be calculated according to the parameter Risk Percent.
  • Risk Percent (MAX.10%) - The default volume is calculated according to a risk percent of the account balance (If no volume command is present on the trendline).
  • Default Lot Size - The default volume to use (if no volume command is present on the trendline).
  • Type of breakout – For breakout events, how do you prefer the EA to detect a breakout:
    • On close of candle – the order will only be opened after the candle closes after breaking the trendline.
    • On distance in pips – the order will be opened as soon as price breaks the trendlines by the number of pips defined in “Breakout distance in pips“.
  • Breakout distance in pips – Only if the "On distance in pips" option is active, this parameter allows you to define the distance in pips from the trendline for which the EA will consider a breakout.
  • Buy Type – Customize Buy action triggers (when Bid or when Ask touches the trendline)
  • Reentry Type – Allow one or multiple orders per trendline (open new order after closing the previous one)
  • Minimum shift for false breakouts - In order for a false breakout action to be triggered, the price must move past the trendline at least this number of pips
  • Popup Alerts - Show a popup alert whenever price reaches an "Alert" trendline
  • Email Alerts - Send an email alert whenever price reaches an "Alert" trendline
  • Send push notifications - Send a push notification whenever price reaches an "Alert" trendline
  • Sound Alerts - Play a sound alert whenever price reaches an "Alert" trendline
  • Sound file name - The .wav file to play as a sound alert


Keep in mind

  • This EA is a tool that assists in your trading. It does not work without user intervention.
  • Using a robot carries risk. You should test it on a demo account FIRST to understand how it works.


Available Action Commands

  • Buy | BoT | BuyOnTouch
  • Sell | SoT | SellOnTouch
  • BoB | BuyOnBreakout
  • SoB | SellOnBreakout
  • BoPB | BuyOnPullback
  • SoPB | SellOnPullback
  • BoFB | BuyOnFalseBreakout
  • SoFB | SellOnFalseBreakout
  • CaB (Close all Buy orders on touch)
  • CaS (Close all Sell orders on touch)
  • CaO (Close all orders on touch)
  • CP (Close partial volume of order on touch)
  • Alert (Send an alert whenever price reaches the trendline)


Available Action Parameters

  • TakeProfit | TP
  • StopLoss | SL
  • Volume | Vol | V


Usage Examples

  1. Sell 0.05 lots on touch of trendline with stop loss of 20 pips and take profit of 50 pips.
    • Sell SL:20 TP:50 Vol:0.05
  2. Buy default lots on breakout of trendline with stop loss of 100 pips
    • BuyOnBreakout SL:100
  3. Close all Sell orders that touch this trendline
    • CaS
  4. Close only 0.01 lots of order that touches this trendline
    • CP vol:0.01
  5. Buy 0.05 lots on breakout of trendline with stop loss of 100 and take profit of 100
    • BoB SL:100 TP:200 V:0.05
  6. Alert with message "Trendline reached" when price touches the trendline
    • Alert trendline reached
Reviews 11
Petter Rogstad
494
Petter Rogstad 2021.09.14 13:57 
 

I great indicator for taking and managing your trades.

spetrosyan1979
508
spetrosyan1979 2021.03.19 15:22 
 

Отлично, это то что я искал, и неприлично дешево )

albertforex
29
albertforex 2020.12.16 15:14 
 

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

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Vu Trung Kien
News Trader Pro is a unique robot that allows you to trade the news by your predefined strategy. It loads every piece of news from several popular Forex websites. You can choose any news and preset the strategy to trade it, and then News Trader Pro will trade that news by selected strategy automatically when the news comes. News release gives opportunity to have pips since the price usually has big move at that time. Now, with this tool, trading news becomes easier, more flexible and more exciti
299 USD
Market Pressure Dashboard
Market Pressure Dashboard
Chantal Sala
Market Pressure Dashboard is a new generation utility. Its main function is to assist you and give you operational ideas optimizing your analytical work. Using this utility you could monitor a lots of financial instruments (max 28 symbols FOREX) in a very simple way. The Market Pressure indicator allows you to customize the internal list of the symbols to be monitored. The opening function and position management with this panel will be much more comfortable and navigation charts very powerful.
100 USD
R Levels Trade Manager
R Levels Trade Manager
Snapdragon Systems Ltd
Introduction The SDS_TradeManager EA is a powerful EA designed to manage your positions once you have been filled. It basically works a break-even stop and also a trailing stop where the trigger levels and trail levels are all specified in "R's", that is to say multiples of the initial trade risk. Many successful professional traders think about all their trades and profit taking in terms of multiples of the initial risk R. So for example, if your initial risk on your trade is 50 pips and you w
100 USD
AntiMartingale Execution
AntiMartingale Execution
EMILIANO LOVATO
AntiMartingale-Execution is a pyramidal Money Management system capable of increasing positions as equity increases using the positive margin of the transaction. It is possible to set the capital for each operation, the operating and maximum margins and the target level to be reached. Once the general trade settings have been made, it is possible to preview the grid of operations that will be activated by pressing the BUY / SELL button. If necessary, it is also possible to close all operations
339 USD
KL 4X Lab
KL 4X Lab
Krzysztof Lorenc
The 4X Lab is a next generation software that massively helps professional traders take full control on chart, alerts and orders. Control your trading intuitively, easily and precisely. Place orders using four unique methods, all in accordance with Risk Management, all doesn't require specific skills. Are you confused by Expert Advisor panels occupying half size of the chart? A lot of unwanted information? Too much information on the chart can cause sensory overload. When you suffer from sensory
240 USD
Crypto Market Pro
Crypto Market Pro
Daniil Kurmyshev
New opportunities for analyzing cryptocurrency in the usual MetaTrader 4. For example : We select the symbol of the cryptocurrency and attach any indicators, Expert Advisors or scripts. Startup Mode View cryptocurrency; Data collection. Capabilities Work as with a standard currency chart; Automatic update of open charts; Selection of individual cryptocurrency for updating; Selection of individual timeframes for updating; Work on the desired timeframes; Open charts do not affect the work of C
499 USD
FiboPlusWaves
FiboPlusWaves
Sergey Malysh
FiboPlusWave Series products Ready-made trading system based on Elliott waves and Fibonacci retracement levels . It is simple and affordable. Display of the marking of Elliott waves (main or alternative option) on the chart. Construction of horizontal levels, support and resistance lines, a channel. Superposition of Fibonacci levels on waves 1, 3, 5, A Alert system (on-screen, E-Mail, Push notifications).    Features: without delving into the Elliott wave theory, you can immediately open one of
360 USD
WaltSoft Trade Manager
WaltSoft Trade Manager
WaltSoft
Calculates the Lot Size for a given Percent Risk and places the order with SL and TP with a click of a button. Locks in your profits on auto-pilot   with a Set Break Even function and/or   several Trailing Stop Loss methods. Drag and position your Stop Loss and Take Profit before placing the actual order. Close trades with a click of a button. Works with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders. Works on any instrument:  Forex, Bonds, Futures, Indices, Commodi
129 USD
Ichimoku Waves Meter vm EN
Ichimoku Waves Meter vm EN
Ichimoku sp z o.o.
The professional utilities " Ichimoku Waves Meter " to analyse graphs using the correct interpretation of Ichimoku kinkōhyō! Is a graphic program that allows traders to quickly and easily measure the proportions between the indicated points on the price graph. This time and price indicator is a basic tool for analysing the chart according to the Ichimoku strategy on the MT4 platform. Using this tool allows an insightful and complete analysis of time waves as well as price waves in a very short
299 USD
Active Lines for MT4
Active Lines for MT4
Yury Kulikov
Attention: Demo doesn't work in terminal. Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations. Activ
120 USD
Assistant 23 in 1 PRO
Assistant 23 in 1 PRO
Makarii Gubaydullin
Professional Assistant: includes 23+ tools for a convenient trading Important:  The program file must be placed in the " Experts " directory! Detailed description  |  Contact me   for any questions  / ideas for improvement / in case of a bug found Main functions: I. Open new position: 1. Lot Size calculation + convenient placement of orders. 2. Risk/Reward ratio calculation + visualization. 3. Full-fledged work with pending "OCO "orders, with the possibility of specifying different IDs (as
100 USD
More from author
Trendline EA MT5
Trendline EA MT5
Carlos Oliveira
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
30 USD
Filter:
Petter Rogstad
494
Petter Rogstad 2021.09.14 13:57 
 

I great indicator for taking and managing your trades.

spetrosyan1979
508
spetrosyan1979 2021.03.19 15:22 
 

Отлично, это то что я искал, и неприлично дешево )

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
209
Honjo Masamune 2020.01.30 15:19 
 

User didn't leave any comment to the rating

Aitor Romero
927
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
1089
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
421
GermanPotato 2017.11.24 12:46 
 

One of the best tool which i know....

I was looking for a long time such a tool.... :-)

Perfect...

Reply to review
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