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Trendline EA

4.44

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:

  1. Automated Trading: Automates trades based on trendlines you draw, enhancing precision and reducing manual effort.
  2. Customizable Actions and Alerts: Assign specific Buy/Sell actions to trendlines and receive alerts via popup, email, push notifications, or sound.
  3. Comprehensive Money Management: Set default lot sizes, risk-based lot size calculation, and define risk percentage for optimal money management.
  4. Advanced SL/TP and Trailing Stops: Configure Stop Loss and Take Profit values, enable trailing stops, and activate break even stops to secure profits.
  5. Flexible Breakout and Reentry Strategies: Choose from various breakout types, handle false breakouts, and configure reentry behavior for continuous trading opportunities.

Important Notes:

  • The EA assists in trading but requires user intervention.
  • Test the EA on a demo account first to understand its functionality and risks.

How to Use:

  1. Load the EA onto your chart.
  2. Draw your trendlines.
  3. Assign Buy or Sell actions to your trendlines.
  4. Optionally, configure specific actions for each line.
  5. Let the EA manage your trades automatically.

Input Parameters:

  • Enabled: Toggle to enable or disable the EA.
  • Magic Number: Unique identifier for the EA’s orders.
  • Buy Type: Type of Buy (BuyOnAsk or BuyOnBid).
  • Maximum Slippage (pips): Defines the maximum allowable slippage.
  • Maximum Spread (points): Maximum spread allowed for placing orders.

Money Management:

  • Default Lot Size: Default volume if no specific volume command is present.
  • Use Money Management: Calculate lot size based on risk percentage.
  • Risk Percent (MAX. 10%): Define the risk percentage of your account balance for default volume calculation.

SL & TP:

  • Default Stop Loss (pips): Default Stop Loss value if not specified on the trendline.
  • Default Take Profit (pips): Default Take Profit value if not specified on the trendline.

Trailing Stop:

  • Use Trailing Stop: Enable or disable trailing stop.
  • Trailing Stop (points): Distance for trailing stop.
  • Minimum Profit (points): Minimum profit required to activate trailing stop.
  • Step (points): Step size for trailing stop adjustment.

Break Even:

  • Use Break Even Stop: Enable or disable break even stop.
  • Minimum Profit (points): Minimum profit required to activate break even stop.
  • Lock Profit (points): Profit to lock in when break even stop is activated.

Breakouts:

  • Breakout Type:
    • On Close of Candle: Orders are opened after candle closes post-breakout.
    • On Distance in Pips: Orders are opened once price breaks the trendline by a specified distance.
    • On Close of Candle with Validation: Orders are opened after candle closes with max/min validation.
  • Breakout Distance (pips): Distance from trendline to consider a breakout (if using "On Distance in Pips").

False Breakouts:

  • False Breakout Distance (points): Minimum distance for false breakouts.

Reentries:

  • Reentry Type:
    • No Reentry: Does not re-enter.
    • Entry On Order Close: Opens new order after the previous one closes.
    • Entry After Minutes: Opens new order after a specified number of minutes.
  • Reentry After Minutes: Number of minutes to wait before re-entering a trade.

Close Command Behavior:

  • Close Behavior:
    • Once: Close only once.
    • Always: Close every time the condition is met.

Alerts:

  • Popup Alerts: Show alert on price reaching an "Alert" trendline.
  • Email Alerts: Send email on price reaching an "Alert" trendline.
  • Push Notifications: Send notification on price reaching an "Alert" trendline.
  • Sound Alerts: Play sound on price reaching an "Alert" trendline.
  • Sound File Name: Specify .wav file for sound alerts.
  • Minimum Line Distance (pips): Sets the minimum distance for price to be considered a touch.

Available Action Commands:

  • Buy on Touch: Buy | BoT | BuyOnTouch
  • Sell on Touch: Sell | SoT | SellOnTouch
  • Buy on Breakout: BoB | BuyOnBreakout
  • Sell on Breakout: SoB | SellOnBreakout
  • Buy on Pullback: BoPB | BuyOnPullback
  • Sell on Pullback: SoPB | SellOnPullback
  • Buy on False Breakout: BoFB | BuyOnFalseBreakout
  • Sell on False Breakout: SoFB | SellOnFalseBreakout
  • Close All Buy Orders on Touch: CaB
  • Close All Sell Orders on Touch: CaS
  • Close All Orders on Touch: CaO
  • Close Partial Volume on Touch: CP
  • Alert on Touch: Alert

Available Action Parameters:

  • Take Profit: TakeProfit | TP
  • Stop Loss: StopLoss | SL
  • Volume: Volume | Vol | V

Usage Examples:

  • Sell 0.05 lots on trendline touch with 20 pips stop loss and 50 pips take profit:

    Sell SL:20 TP:50 Vol:0.05

  • Buy default lots on trendline breakout with 100 pips stop loss:

            BuyOnBreakout SL:100
    
  • Close all Sell orders on trendline touch:

    CaS

  • Close 0.01 lots of order on trendline touch:

            CP vol:0.01
    
  • Buy 0.05 lots on trendline breakout with 100 pips stop loss and 200 pips take profit:

    BoB SL:100 TP:200 V:0.05

  • Alert "Trendline reached" on trendline touch:

            Alert trendline Reached 



    Comentarios 12
    paddock
    310
    paddock 2023.12.17 01:10 
     

    Fantastic, in fact it's so good I have it for both MT4 and MT5.

    Petter Rogstad
    600
    Petter Rogstad 2021.09.14 13:57 
     

    I great indicator for taking and managing your trades.

    albertforex
    29
    albertforex 2020.12.16 15:14 
     

    It works perfectly so far, and Carlos provided helpful technical assistance!

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    4.88 (56)
    Panel de comercio para operar en 1 clic.  ¡Trabajando con posiciones y pedidos!  Operar desde el gráfico o desde el teclado. Con nuestro panel de operaciones, puede operar con un clic del gráfico y realizar operaciones comerciales 30 veces más rápido que el control estándar de MetaTrader. Cálculos automáticos de parámetros y funciones que facilitan la vida de un comerciante y lo ayudan a realizar sus actividades comerciales de manera mucho más rápida y conveniente. Consejos gráficos e informaci
    Summer 50% discount ($199 -> $99) Advanced trading tool: One click smart orders that execute under your conditions Developed by trader for trading community:  position size calculator (lot size), open position after price action, strategy builder, set and forget trading, mobile notifications... Risk Management -  Risk percentage position size calculator, gain percentage, target risk reward ratio, spread and commissions are included in calculations 7 Advanced order types   - Set and forget tra
    Grid Manual MT4
    Alfiya Fazylova
    4.72 (18)
    Grid Manual es un panel de negociación para trabajar con una cuadrícula de órdenes. La utilidad es universal, tiene configuraciones flexibles y una interfaz intuitiva. Funciona con una cuadrícula de pedidos no solo en la dirección de promediar pérdidas, sino también en la dirección de aumentar las ganancias. El usuario no necesita crear y mantener una cuadrícula de pedidos, la utilidad lo hará. Basta con abrir un pedido y el "Grid manual" creará automáticamente una grilla de pedidos para el mism
    Trade copier MT4
    Alfiya Fazylova
    4.52 (29)
    Trade Copier es una utilidad profesional diseñada para copiar y sincronizar operaciones entre cuentas comerciales. La copia ocurre desde la cuenta / terminal del proveedor a la cuenta / terminal del destinatario, instalada en la misma computadora o vps. Antes de comprar, puede probar la versión de demostración en una cuenta de demostración. Versión de demostración aquí . Instrucciones completas aquí . Principales funcionalidades y beneficios: Admite la copia de MT4> MT4, MT4> MT5, MT5> MT4, incl
    Take a Break
    Eric Emmrich
    5 (26)
    The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. 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
    CloseIfProfitorLoss with Trailing
    Vladislav Andruschenko
    4.86 (28)
    Cerrar posiciones en MetaTrader 4 al alcanzar la ganancia / pérdida total con la función de seguimiento de ganancias. Puede habilitar las   paradas virtuales (orden separada)   , Cálculo y cierre para   posiciones de COMPRA y VENTA por separado (COMPRA VENTA separada)   , Cerrar y calcular   todos los símbolos o solo el símbolo actual (Todos los símbolos)   , Habilitar trailing con fines de lucro (   Trailing   Profit) Cierre sobre las pérdidas y ganancias totales en la moneda de depósito, punt
    DrawDown Limiter MT4
    Haidar, Lionel Haj Ali
    5 (8)
    Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
    Bar Replay MT4
    Hoang The Manh
    3.43 (7)
    Don't purchase before testing the Demo version first. DEMO version:   https://www.mql5.com/en/market/product/76917 __________________________________________________ This EA  - Tool allow you replay bar in Meta Trader 4 for back test. This Tool can back test in multi timeframe in only one chart. This Tool is very useful for Price action trader. It can work with Indicators, some indicators cannot works. So please download Demo to test before purchase.  Demo Version We do not accept refund in any
    Eezeorder 2
    Tawanda Tinarwo
    5 (2)
    NEW VERSION!  NB: IF YOU ARE USING A VERY HIGH RESOLUTION MACHINE AND THE EA DISPLAY LOOKS TOO SMALL, CONTACT ME SO I CAN HELP YOU. Open Multiple Trades on MT4 in 1 click at one price. Enter the Lot size Specify the number of trades you want to open Choose whether you want TP SL or Trailing Stop Once you are done, click Buy or Sell Open Multiple Pending Orders on MT4 in 1 click at one price. Enter the Lot size Specify the gap from the current price, where you want to place the pending order Spe
    Este Asesor Experto supervisa constantemente el capital de su cuenta comercial para evitar costosas reducciones y / o cumplir con las reglas comerciales. Cuando se infringe un determinado conjunto de reglas, el EA alertará, cerrará todas las operaciones y, en algunos casos, eliminará todas las órdenes pendientes. Opcionalmente, también puede cerrar todos los gráficos para eliminar todos los EA que operan en la cuenta. Este EA es particularmente útil para los desafíos de comercio de accesorios,
    MT4 To Notion
    DaneTrades Ltd
    5 (2)
    Este programa te permitirá exportar todas tus operaciones de tu cuenta de MetaTrader directamente a Notion utilizando una interfaz de usuario muy amigable.  Versión MT5  |  Guía del usuario + Demo Para empezar, utiliza la Guía del usuario y descarga la Plantilla de Notion. Si deseas una demostración, por favor consulta la Guía del usuario. ¡No funciona en el probador de estrategias! Características principales Exporta todas las operaciones de tu cuenta de trading a tu Notion Exporta las operacio
    Trading History MT4
    Siarhei Vashchylka
    5 (7)
    Trading History - A program for trading and money management on the history of quotes in stratagy tester. It can work with pending and immediate orders, and is equipped with trailing stop, breakeven and take profit functions. Very good for training and testing different strategies. Manual (Be sure to read before purchasing) Advantages 1. Allows you to test any trading strategy in the shortest possible time 2. An excellent simulator for trading training. You can gain months of trading experi
    Mentfx Mmanage
    Anton Jere Calmes
    5 (15)
    The added video will show you the full functionality, effectiveness, and simplicity of this trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool c
    DFGX Dashboard
    Tsvetan Tsvetanov
    5 (2)
    Take your trading to the next level with DFGX - our second generation Dynamic Fibonacci Grid. This new, powerful and easy to use application is specially designed and optimized for contrarian intraday trading, scalping and news trading on the Forex market. This system is the ideal solution for active professional traders and scalpers who are looking for innovative ways to optimize their strategy. The system also provides excellent opportunity for new traders who want to learn to trade in a syste
    Otros productos de este autor
    Trendline EA MT5
    Carlos Oliveira
    5 (13)
    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
    Filtro:
    paddock
    310
    paddock 2023.12.17 01:10 
     

    Fantastic, in fact it's so good I have it for both MT4 and MT5.

    Petter Rogstad
    600
    Petter Rogstad 2021.09.14 13:57 
     

    I great indicator for taking and managing your trades.

    spetrosyan1979
    529
    spetrosyan1979 2021.03.19 15:22 
     

    El usuario no ha dejado ningún comentario para su valoración

    albertforex
    29
    albertforex 2020.12.16 15:14 
     

    It works perfectly so far, and Carlos provided helpful technical assistance!

    mponk
    26
    mponk 2020.05.22 02:02 
     

    this ea help me a lot and perfect for my trading strategy...

    thx carlos

    Honjo Masamune
    214
    Honjo Masamune 2020.01.30 15:19 
     

    El usuario no ha dejado ningún comentario para su valoración

    Aitor Romero
    907
    Aitor Romero 2019.05.05 20:12 
     

    Great product It is a tool that has become essential in my successful trading. Thanks, Carlos. I will look forward to the new version.

    quangbachpr
    386
    quangbachpr 2019.02.26 17:46 
     

    El usuario no ha dejado ningún comentario para su valoración

    Martin Volk
    1093
    Martin Volk 2019.01.28 19:45 
     

    ok

    testbacon
    35
    testbacon 2018.06.14 08:06 
     

    Amazing EA for the price! There are some things that could be improved upon or added, but at this price, you can't complain! Highly recommended. Don't bother with the demo version, support the developer and fork out the $30. He responds very quickly to questions and fixes bugs in a timely manner.

    ***EDIT/UPDATE June 14, 2018***: After using it for a while, I have encountered a few bugs, which have unfortunately caused me to lose money. I can't rely on this EA at the moment, so I cannot recommend it in its current state.

    david.ekerold
    40
    david.ekerold 2018.04.06 17:44 
     

    El usuario no ha dejado ningún comentario para su valoración

    GermanPotato
    607
    GermanPotato 2017.11.24 12:46 
     

    El usuario no ha dejado ningún comentario para su valoración

    Respuesta al comentario
    Versión 2.83 2024.07.27
    - Fixed issue in Maximum Spread
    - Other stability improvements
    Versión 2.5 2023.12.15
    Fixes issue with CP (ClosePartial) command
    Versión 2.4 2021.11.09
    Fixes issue with trailing stop not working properly
    Versión 2.3 2021.10.22
    - Added support for Breakeven Stop
    Versión 2.2 2021.09.14
    - Fixed bug in Min line distance detection
    - Added support for Trailing Stop
    Versión 2.1 2021.09.07
    - Added option "Min line distance detection (in points)"
    Versión 2.0 2021.07.19
    - Added new "atclose" optional command to apply to CaO, CaB and CaS
    - Fixed bug on Reentry type
    - Improved performance
    Versión 1.120 2018.04.04
    Fixed bug where CaO command would close orders on all charts
    Added Money management & RiskPercent
    Added ability to change the Minimum line distance
    Versión 1.85 2018.01.16
    - Implemented new action: Buy/Sell on False Breakout
    - Performance improvements
    - Bug fixes
    Versión 1.70 2017.11.02
    - Added feature to allow multiple actions per line.
    - Added "ReentryType" option that allows multiple entries per line.
    - Added "BuyType" option to choose the detection of BUY actions (on ASK or on BID).
    - Added Alert options for Popup, Email, Push Notification and Sound
    - Fixed bug where horizontal lines would not trigger the defined actions
    - Several minor bug fixes
    Versión 1.20 2017.08.24
    Small bug fixes