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Trendline EA MT5

4.79

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 16
Edwards Noname
69
Edwards Noname 2023.12.19 17:13 
 

excellent

sebastian0815
646
sebastian0815 2023.11.17 08:26 
 

Really a very helpful EA thank you

paddock
305
paddock 2022.11.26 01:43 
 

If your a trendline trader this is the best EA you can get. There is nothing it doesn't cover. And affordable too. So just buy it and try it. I tend to use it with fib, fib extensions and s/r with good results. Don't forget it's up to you to select which trade you are going to take. There is no holy grail only assistance and this is the one for me. Thanks to Carlos the Author who is very helpful too.

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Auto Trade Copier is designed to copy trades between multiple MT4/MT5 accounts/terminals with 100% accuracy. The provider and receiver accounts must be on the same PC/VPS. With this tool, you can copy trades to receiver accounts on the same PC/VPS. All trading actions will be copied from the provider to the receiver with no delay. This version can be used on MT5 accounts only. For MT4 accounts, you must use Auto Trade Copier (for MT4). Reference: For MT5 receiver, please download "Trade Receiver
Adam FTMO MT5
Vyacheslav Izvarin
5 (1)
ADAM EA Special Version for FTMO Please use ShowInfo= false for backtesting ! Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 Signal using ADAM  https://www.mql5.com/en/signals/2190554 --------------------
Bots Builder Pro MT5
Andrey Barinov
4.67 (3)
This is exactly what the name says. Visual strategy builder . One of a kind. Turn your trading strategies and ideas into Expert Advisors without writing 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. There are very few options for those who have no programming skills and can not create their trading solutions in the MQL language. Now, with Bots Build
Elliott Wave Helper
Siarhei Vashchylka
4.91 (11)
Elliott Wave Helper - a panel for making elliott wave and technical analysis. Includes all known wave patterns, support and resistance levels, trend lines and cluster zones. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Making wave analysis and technical analysis in a few clicks 2. All Elliott wave patterns available, including triangle and combinations 3. All nine wave display styles, including a special circle font 4. E lements of technical analysis : trend lines
Profit or Loss Pad
Vladislav Andruschenko
4.5 (10)
Closing positions in MetaTrader 5 upon reaching the total profit/loss with the profit trailing function.   CloseIfProfitorLoss with Trailing 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) Positions are closed based on a value  in deposit currency, points, % and drawdown . The appl
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Trendline EA
Carlos Oliveira
4.55 (11)
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
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Edwards Noname
69
Edwards Noname 2023.12.19 17:13 
 

excellent

DNkRockzzzzZ
356
DNkRockzzzzZ 2023.12.13 00:48 
 

Not very userfriendly.

sebastian0815
646
sebastian0815 2023.11.17 08:26 
 

Really a very helpful EA thank you

Christian Henning
24
Christian Henning 2022.11.30 12:21 
 

So ein Bullshit keine richtigen Tests mit möglich er handelt ein scheiss löst keine order aus .

paddock
305
paddock 2022.11.26 01:43 
 

If your a trendline trader this is the best EA you can get. There is nothing it doesn't cover. And affordable too. So just buy it and try it. I tend to use it with fib, fib extensions and s/r with good results. Don't forget it's up to you to select which trade you are going to take. There is no holy grail only assistance and this is the one for me. Thanks to Carlos the Author who is very helpful too.

Thomas Pierre Maurice Moine
918
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
308
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
38
Christian Astinza 2021.01.26 01:39 
 

User didn't leave any comment to the rating

metatradegambero
34
metatradegambero 2020.11.27 17:31 
 

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

Efrain Romero
729
Efrain Romero 2020.11.07 17:44 
 

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

Ramon
471
Ramon 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
110
petrzagurskii 2020.06.23 08:26 
 

Супер! Спасибо!

Sri Rezeki
160
Sri Rezeki 2019.08.13 03:41 
 

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

Joško Lovrić
154
Joško Lovrić 2019.02.14 10:41 
 

Awesome EA :)

Victor Martin Schenker
820
Victor Martin Schenker 2018.12.27 19:55 
 

User didn't leave any comment to the rating

Andreas Dlabka
386
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