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Trendline EA MT5 Free

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
Free version does not allow trading. Only allows the alerts commands


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

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Emission of DCMV indicator Visualization of crossing of typical lines of the DCMV indicator allows you to see a picture of the market environment of the price. Emission can forecast and confirm forecasts, draw the support and resistance zones, show the intensity of the price movement. Many regularities of price changes are exposed to trader when using this technology. Defining market behavior. Searching support and resistance zones. Forecasting typical levels. Detecting trend changes in advance.
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ExactTime
ExactTime
Maksym Bondarchuk
The indicator displays the open time of each bar below it. It allows skipping N bars. You can also set the font type, size and color.
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Binary Options Demo Account for MT5
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Pavel Dorogoy
This panel represents a demo account for binary options . It will catch an interest of those who start working with binary options and want to practice on a demo account. It will also spark an interest of those who use Meta Trader 5 to get signals for binary options. You can test any strategy using this panel. It supports any currencies available in your terminal. The panel is also very compact, and you can move it to any spot on your chart window. Now you do not need to look for a broker with a
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StopLoss
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Veniamin Vorobyev
Placing multi-currency virtual stop levels (take profit and stop loss). Virtual stop levels work the same way as standard levels do, i.e. on the sever/broker side. But at that they are invisible for your broker and stored solely in the EA's "memory". The EA allows to filter and process positions in a felxible way by: Currency pair; Position type. You can use the EA on any chart along with any other trading robot. The product also provides: Extended logging; Automatic adjustment to 4 and 5-digit
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Candle Countdown Alarm
Candle Countdown Alarm
Simon Busley
Candle Countdown Alarm will allow you to always keep the time left to the next candle close or open in sight in order to never miss one again. Function Often, the close of an important Candle formation and therefore a good trade entry gets missed because one does not always have the time in sight. With this tool, that annoying situation is not going to happen to you anymore. The main functions of the tool are: displaying the time left to the next candle close on the chart and alert you at a sp
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Fast Copy MT5
Fast Copy MT5
Pavel Kolchin
The program allows you to locally copy transactions between different MetaTrader 4 and MetaTrader 5 accounts in any direction and quantity as quickly and easily as possible, the program works on " Windows   PC " and " Windows VPS ". Any type of copying is available MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4 * For copying between different MT4 ↔️ MT5 terminals, you need to purchase two versions of   Fast Copy MT4   +   Fast Copy MT5 How the program works The program copies transactions between tw
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Forex Trade Manager MT5
Forex Trade Manager MT5
InvestSoft
Determination of transaction risk by calculating possible profits and losses. Precise designation of TP and SL levels for each transaction. These are the basic activities that every trader of financial markets must face with. The purpose of these calculations is very simple, achieving satisfying profits from FX transactions, with a minimum of risk. This is certainly the dream of each trader. This makes it difficult for new investors to take their first steps in this market.  EA Forex Trade Mana
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VR Watch list and Linker MT5
VR Watch list and Linker MT5
Vladimir Pastushak
VR Watch list and Linker is an expert advisor for synchronous changes of financial instruments in open windows of the MetaTrader terminal. Choosing a trading instrument in the market overview, you will immediately get charts in the open terminal windows. Each window can be configured individually by you. With the VR Watch list and Linker program you can Quickly check a large number of financial instruments and find those instruments that have high-quality trading signals. Filter and scan financ
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VirtualTradePad One Click Trading Panel
VirtualTradePad One Click Trading Panel
Vladislav Andruschenko
Trading Panel for trading in 1 click.  Working with positions and orders!  Trading from the chart or from the keyboard. Opening and Closing, Reverse and Lock, Partial Closing / Autolot. Virtual/real stop loss/take profit / trailing stop / breakeven, Grid of orders ... The trading control panel of main orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, trailing stop, stoploss, takeproft. 5 Tabs : Work with positions, Work with pending orders, Work
59 USD
Fibonacci Patterns Scout MT5
Fibonacci Patterns Scout MT5
WaltSoft
The WaltSoft Fibonacci Patterns SCOUT searches for Fibonacci Patterns , also called Harmonic Patterns , and displays the results in a clear table. The WSFP SCOUT can search for  16 different Patterns  plus  1 Custom Pattern  and can process up to  28 Instruments  and up to  9 Time Frames  at once! It refreshes every second! Clicking on a Pair-Time Frame combination will open the relevant chart and displays the pattern(s) which you then can trade manually. Unlike similar software, the WSFP SC
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Trendline EA
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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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Trendline EA MT5
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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
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Trendline EA Free
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Carlos Oliveira
The FXTT Trendline EA Free 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
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Weijiang Wu
150
Weijiang Wu 2019.02.14 04:13 
 

I want to try the free version first, but it doesn't seem to work, WHY? What is the difference between the free and paid versions?

[Deleted] 2019.01.07 20:13 
 

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