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Trendline EA MT5

5

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 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 points) - The maximum slippage allowed (in pips) for the open orders.
  • Default Stop Loss (in points) - The default value to use as a Stop Loss if none is defined on the trendline.
  • Default Take Profit (in points) - The default value to use as a Take Profit if none is defined on the trendline.
  • Default Lot Size - The default lot size value to use if none is defined 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 close of the previous)
  • 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 and "Alert" trendline
  • Email Alerts - Send and 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 | AoT | AlertOnTouch (Send an alert whenever price reaches the trendline)
  • AoB | AlertOnBreakout (Send an alert whenever price breaks above or bellow the trendline)
  • AoP | AlertOnPullback (Send an alert whenever price pulls back and touches the trendline)
  • AoFB | AlertOnFalseBreakout (Send an alert whenever price makes a false breakout and returns to the trendline)


Available Action Parameters

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


Usage Examples

  1. 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
  2. Alert with message "Trendline reached" when price touches the trendline
    • Alert Trendline reached


Help Guide

Available here

Reviews 11
Thomas Pierre Maurice Moine
898
Thomas Pierre Maurice Moine 2021.03.20 10:52 
 

Very usefull, you can build up an entire semi-auto strategy with this EA. With Trailing stop and breakeven, that will be perfect.

I mainly use it with BoFB strategy on indices supports and a shift value high enough not to trigger "false false breakout", it performs very well 👍

Eduardo Silva Vian
245
Eduardo Silva Vian 2021.02.09 03:59 
 

Simplesmente espetacular, com a atualização de breakeven e trailing stop ficou perfeito. Para traders de price action ferramenta indispensável. Outro recurso muito interessante são os alertas.

Christian Astinza
28
Christian Astinza 2021.01.26 01:39 
 

Excellent tool! Very powerful when applied in the right place.

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First time in MQL Market place CAP Strategy Builder EA MT5   has more then   34+   build in indicator that you can make more then   1 million   combination strategy that boost you trading strategy. Also this Strategy Builder offers an incredible amount of functionality. So you can test your strategy easy way without knowledge of coding. [    Installation Guide  |  Update Guide  |  Submit Your Problem  |  FAQ  |  All Products  ] This is All-In-One EA in this market place. You can use as trad
49 USD
Notify To Telegram MT5 Expert Advisor will send notifications via Telegram when orders are opened/modified/closed on your MetaTrader 5 account. Black Friday - 33% discount, only from 24.11 to 30.11 Send message to person, channel or group chat.  Easy to customize message.  Support custom message for all languages Support full Emoji.  Parameters Telegram Bot Token - create bot on Telegram and get token. Telegram Chat ID    - input your Telegram   user ID,   group /   channel ID, use comma to in
53 USD
Currency Strength Trade Panel EA MT5  is an innovative solution for any beginner or expert trader! It takes the currency strength concept to a whole new level, since it combines it with price action and can be applied on any symbol/pair, apart from the usual 28 combinations of the 8 major currencies. That means that you can trade the strength or weakness of any pair, including all currencies, commodities and cryptos (not indexes). It is a real breakthrough product that gives you a clear insight
70 USD
Take a Break MT5
Eric Emmrich
5 (1)
Please check the "What's new" tab regularly for a complete and up-to-date list of all improvements + parameters. 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 Account Equity, Balance or Margin is low. Only trade on spe
70 USD
CopyMaster mt5
Evgenii Aksenov
This utility will allow you to copy any trades from one terminal with the Master setting to other terminals with the Slave setting At the same time, you can choose which pairs to copy, set the size of the copied order by several parameters. Set the limit losses by DrawDown or copy only profitable trades You can copy deals from MT4 or MT5 to MT4 or MT5 other brokers Now it will not be difficult to copy the signals of any Expert Advisor working in MT4 to the MT5 terminal or back Use Copy Master to
99 USD
Unlimited Trade Copier Pro MT5 is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the sig
299 USD
Binance Quotes Updater
Andrey Khatimlianskii
This service is designed to stream online cryptocurrency quotes   from the Binance exchange to your MetaTrader 5 terminal. You will find it perfectly suitable if you want to see the quotes of cryptocurrencies in real time — in the Market watch window and on the MetaTrader 5 charts. After running the service, you will have fully featured and automatically updated  cryptocurrency charts in your MetaTrader 5. You can apply templates, color schemes, technical indicators and any non-trading tools to
199 USD
ClusterSecondForex
Rafil Nurmukhametov
5 (1)
The utility allows you to build different types of graphs: Seconds chart from 1 second to 86400 seconds Tick chart from 1 tick and above The volume chart Delta chart Renko chart Range chart Built-in indicators for volumetric analysis: daily market profile and market profile of the selected timeframe, Cluster Search Imbalance VWAP Dynamic POC, VAH, VAL the profile depth of the market vertical volume with various display options, delta with various display options, pole of the current and higher t
55 USD
Mission Automate MT5
Andrey Barinov
4.56 (9)
This is a visual strategy builder . The way it is supposed to be. Turn your trading strategies and ideas into Expert Advisors without writing a single line of code. Generate mql source code files with a few clicks and get your fully functional Expert Advisors, which are ready for live execution , strategy tester and cloud optimization . More information about the product, including some real life EAs creation examples can be found in the article: https://www.mql5.com/en/articles/4951 Mission A
199 USD
Exp COPYLOT CLIENT for MT5
Vladislav Andruschenko
3.82 (11)
Trade copier for MT5 is a trade copier for the МetaТrader 5 platform . It copies forex trades  between   any accounts   MT5 → MT5, MT4 → MT5 for the COPYLOT MT5 version (or MT4 → MT4 MT5 → MT4 for the COPYLOT MT4 version)     Reliable copier!  You can also copy trades in the МТ4 terminal ( МТ4 → МТ4, МТ5 → МТ4 ):     COPYLOT CLIENT for MT4 This version Including copy between terminals  МТ5 → МТ5, МТ4 → МТ5 . The deals copier is created to copy deals/positions between 2/3/10 terminals. Copying f
35 USD
Save time placing orders and automate entry under your conditions.  Managing open trade with TBOM is easy Order box is rectangle which defines market order with entry and stop loss price (virtual market order) Video tutorials and manuals   here . Find contacts on my   profile . Money Management -  Tool will calculate right order size depends on your risk percentage per trade. It will calculate risk reward for every target and position size calculator mt5 Safe Trading -  Your market orders wil
118 USD
More from author
Trendline EA
Carlos Oliveira
4.5 (10)
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
30 USD
Filter:
Thomas Pierre Maurice Moine
898
Thomas Pierre Maurice Moine 2021.03.20 10:52 
 

Very usefull, you can build up an entire semi-auto strategy with this EA. With Trailing stop and breakeven, that will be perfect.

I mainly use it with BoFB strategy on indices supports and a shift value high enough not to trigger "false false breakout", it performs very well 👍

Eduardo Silva Vian
245
Eduardo Silva Vian 2021.02.09 03:59 
 

Simplesmente espetacular, com a atualização de breakeven e trailing stop ficou perfeito. Para traders de price action ferramenta indispensável. Outro recurso muito interessante são os alertas.

Christian Astinza
28
Christian Astinza 2021.01.26 01:39 
 

Excellent tool! Very powerful when applied in the right place.

metatradegambero
34
metatradegambero 2020.11.27 17:31 
 

Good ea! only the trailing stop is missing. Will it be implemented?

Efrain Romero
417
Efrain Romero 2020.11.07 17:44 
 

Osom EA, exceeds by far the price you pay for it!

ray00light
471
ray00light 2020.09.09 12:30 
 

Very good and smart EA. Good points: - Can intereact with other EA's specifining Magic Number - Different commands to execute orders: at touch, at breakout, at pull back, at false breakout - Smart way to specify sl ant tp and volume for each order by object descrition instead of EA's parametres Points to improve at my opinion: - Risk Management - Filters : spread, working hours, volatility - Exit conditions: trail stop - Auto draw trendlines, supports and resistences Thanks Carlos Great job!

petrzagurskii
78
petrzagurskii 2020.06.23 08:26 
 

Супер! Спасибо!

Research Lab
29
Research Lab 2019.08.13 03:41 
 

Great EA, very useful for S&R and pattern maniac like most of us.

Joško Lovrić
147
Joško Lovrić 2019.02.14 10:41 
 

Awesome EA :)

Victor Martin Schenker
705
Victor Martin Schenker 2018.12.27 19:55 
 

User didn't leave any comment to the rating

Andreas Dlabka
286
Andreas Dlabka 2018.06.18 17:37 
 

Very good EA!

Thank you...

Reply to review
Version 2.5 2021.11.15
Fixed small issue in TrailingStop
Version 2.4 2021.11.15
Added support for Trailing Stop
Added support for Breakeven Stop
Version 2.3 2019.03.25
Improved stability of EA
Version 2.2 2019.03.20
Hotfix for some brokers where order open was failing
Version 2.1 2019.03.19
Fixed bug with commands BoPB & SoPB
Fixed issue were multiple orders were opened upon broker error
Other stability improvements
Version 1.122 2018.07.17
- Improved trendline detection when price moves very rapidly
- Removed automatic setting of trendlines description on chart
Version 1.100 2018.06.18
- Fixed bug where Reentry after previous order closes would not work
- Fixed bug where the commands CaO CaB CaS would not work properly
- Several improvements
Version 1.95 2018.04.06
Fixed bug where CaO command would close orders on all charts
Version 1.90 2018.03.01
Fixed bug with Breakout commands
Several stability improvements