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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 17
nwh1984
561
nwh1984 2025.01.08 16:11 
 

For the price of the EA/Indi vs the functions it can perform at this price point, I'm extremely satisfied. Thanks

Donaldson Rassolim Filho
1420
Donaldson Rassolim Filho 2024.04.26 12:57 
 

This product is excellent, an indispensable tool for every trader. As a trader who heavily relies on trend lines, this robot makes my life much easier. Creating a robot that understands trend lines is quite challenging, and Carlos has accomplished this feat admirably. I've been using this robot for 4 years now. Great job, Carlos!

Jason Smith
930
Jason Smith 2023.12.19 17:13 
 

excellent

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Utilities
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Trendline EA
Carlos Oliveira
4.5 (10)
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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: Automated Trading: Automates trades based on trendlines you draw, enhancing precision and reducing manual effort. Customizable Actions and Alerts: Assign specific Buy/Sell actions to
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nwh1984
561
nwh1984 2025.01.08 16:11 
 

For the price of the EA/Indi vs the functions it can perform at this price point, I'm extremely satisfied. Thanks

Donaldson Rassolim Filho
1420
Donaldson Rassolim Filho 2024.04.26 12:57 
 

This product is excellent, an indispensable tool for every trader. As a trader who heavily relies on trend lines, this robot makes my life much easier. Creating a robot that understands trend lines is quite challenging, and Carlos has accomplished this feat admirably. I've been using this robot for 4 years now. Great job, Carlos!

Jason Smith
930
Jason Smith 2023.12.19 17:13 
 

excellent

DNkRockzzzzZ
452
DNkRockzzzzZ 2023.12.13 00:48 
 

User didn't leave any comment to the rating

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 
 

User didn't leave any comment to the rating

paddock
310
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
1041
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
328
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
749
Efrain Romero 2020.11.07 17:44 
 

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

Ramon
476
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 
 

User didn't leave any comment to the rating

Sri Rezeki
60
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
819
Victor Martin Schenker 2018.12.27 19:55 
 

User didn't leave any comment to the rating

Andreas Dlabka
396
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