Market / MetaTrader 5 / Utilities /

Trendline EA MT5

7 purchases per month

30 USD

Demo downloaded: 860

Published: 11 January 2018

Current version: 2.5

Trendline EA MT5

Utilities
Carlos Oliveira
Version: 2.5
Updated: 15 November 2021
Activations: 10

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

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

Alert with message "Trendline reached" when price touches the trendline

Alert Trendline reached

Help Guide

Available here

more...

641

sebastian0815 2023.11.17 08:26 #

Really a very helpful EA thank you

290

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.

988

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 👍

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Filter:

641

sebastian0815 2023.11.17 08:26 #

Really a very helpful EA thank you

Christian Henning 2022.11.30 12:21 #

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

290

paddock 2022.11.26 01:43 #

988

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 👍

274

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 2021.01.26 01:39 #

User didn't leave any comment to the rating

metatradegambero 2020.11.27 17:31 #

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

674

Efrain Romero 2020.11.07 17:44 #

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

586

Ramon Grau Visa 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!

110

petrzagurskii 2020.06.23 08:26 #

Супер! Спасибо!

Research Lab 2019.08.13 03:41 #

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

154

Joško Lovrić 2019.02.14 10:41 #

Awesome EA :)

821

Victor Martin Schenker 2018.12.27 19:55 #

User didn't leave any comment to the rating

356

Andreas Dlabka 2018.06.18 17:37 #

Very good EA!

Thank you...

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

Description quality and completeness		5
Reliability and usability		5
User support		5