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Trendline EA MT5

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

Comentarios 10
Eduardo Silva Vian
240
Eduardo Silva Vian 2021.02.09 03:59 
 

Excelente! Recomendo a compra!

Christian Astinza
28
Christian Astinza 2021.01.26 01:39 
 

Excellent tool! Very powerful when applied in the right place.

metatradegambero
33
metatradegambero 2020.11.27 17:31 
 

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

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This is a professional trades copier with easy to use interface and fast rock solid execution. It has some unique functionality which is missing in other trades copiers (see details below). It can copy trades between both MT4 and MT5 terminals in any combinations. Supports "One to Many" and "Many to One" copying modes. This product can not be tested in strategy tester. Please, download demo version here:  https://www.mql5.com/en/market/product/36142 Version for MetaTrader4 is available here:
99 USD
Auto Trade Copier for MT5
Vu Trung Kien
Auto Trade Copier está diseñado para copiar los oficios entre múltiples cuentas MT5 / terminales con una precisión absoluta. Con esta herramienta, puede actuar como proveedor (fuente ) o receptor (destino ) . Cada acciones comerciales podrán ser clonados del proveedor al receptor sin demora. Las siguientes son las funciones destacadas :     Cambie entre proveedores o función del receptor en una sola herramienta.     Un proveedor puede copiar los oficios a las cuentas de múltiples receptor
79 USD
Tick chart generator
Artur Zas
A utility used to create custom Tick charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use. You can attach any MT5 compatible indicator or template to the tick chart and perform your technical analysis. Tick charts measure the number of transactions per bar. You can choose any number of ticks per bar but most traders choose Fibonacci numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...). The generator uses tick data to plot the historical
38 USD
TradePanel MT5
Alfiya Fazylova
Trade Panel is a professional tool for manual trading. Allows you to work with orders and positions in one click, making your trading fast and comfortable. When opening an order, it simplifies the setting of stop loss and take profit, as well as automatically calculates the lot according to the specified risk and stop loss size. In addition, the utility can work with virtual orders and accompany trailing stop orders, transfer SL to the breakeven zone, perform partial closing and timely notify
50 USD
Trade Manager MT5
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat The Trade Manager MT5 is the ideal addition for all  FX Trend  users which like to use a fully automated trade management. It detects your manually opened trades immediately and manages their stops au
75 USD
LT Trade Copy MT5
Thiago Duarte
Trade Copy is an EA-shaped tool that replicates the trades done on a Meta Trader 5 to all Meta Traders 5 opened on same computer. Is useful if you want to trade more than once account yours or if you want to work with third party account management. Demo version:  https://www.mql5.com/pt/market/product/40906 MT4 version:  https://www.mql5.com/pt/market/product/40902/ Configurations: MAIN OPTIONS Idiom - change to English or Portuguese. Copy trades from - specify if the trades will be copied fro
50 USD
PZ Trade Manager Pro MT5
Arturo Lopez Perez
Este es un panel de comercio visual que lo ayuda a colocar y administrar operaciones fácilmente, evitando errores humanos y mejorando su actividad comercial. Combina una interfaz visual fácil de usar con un enfoque sólido de gestión de riesgos y posiciones. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Increíblemente fácil de usar. Opere fácilmente desde el gráfico Opere con una gestión de riesgos precisa, sin problemas La preservación del c
99 USD
KopirMT5 Full
Alexandr Gavrilin
KopirMT5 (CopierMT5) - transaction copier for the MetaTrader 5 terminal, copies (synchronizes, duplicates) transactions from  hedge accounts  (copier, copy dealers).  Supports copying: MT5 <-> MT5, MT4 -> MT5 Hedge, MT5 Hedge -> MT4 Does not support copying MT5 Hedging < - > MT5 Netting, MT4 < - > MT5 Netting Attention  : For correct operation, at least two terminals on one PC / VPS are required. The first for the account from which it will copy (Server), and the second for the account to which
38 USD
RenkoCharts
Stanislav Korotky
This non-trading expert utilizes so called custom symbols feature ( available in MQL as well ) to build renko charts based on historical quotes of selected standard symbol and to refresh renko in real-time according to new ticks. Also, it translates real ticks to the renko charts, which allows other EAs and indicators to trade and analyze renko. Place RenkoCharts on a chart of a work instrument. The lesser timeframe of the source chart is, the more precise resulting renko chart is, but the lesse
49 USD
Averager FULL
Vladislav Andruschenko
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend. The adviser can open additional positions on the trend and against the trend! The system is identical to the  averaging system created Averager for MetaTrader 4 . Averager - Full Description An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper . Example of the averaging system in our  TickSniper  scalperUniversal trading adviser with the
35 USD
ClusterSecondForex
Rafil Nurmukhametov
The utility allows you to build different types of graphs: Seconds chart from 1 second to 86400 seconds Tick chart from 1 tick and above The volume chart Delta chart Renko chart Range chart Built-in indicators for volumetric analysis: daily market profile and market profile of the selected timeframe, Cluster Search Imbalance VWAP Dynamic POC, VAH, VAL the profile depth of the market vertical volume with various display options, delta with various display options, pole of the current and higher t
55 USD
Crypto Charts
Romeu Bertho
Cryptocurrency analysis has never been easier with Crypto Charts for MetaTrader 5. Just pick up a chart from bitcoin to exotic coins, choose your desired time frame and attach all your favorites indicators from thousands ones available at MQL5. Chart from Binance Futures,   Poloniex ,  Bitfinex ,  Binance ,  BitMEX ,  Bittrex ,   BitMEX Testnet exchanges! Make better analysis, make better tradings! Do you want to auto trade on BitMEX exchange? Please take a look at BitMEX Trading API Crypto Char
65 USD
Otros productos de este autor
Trendline EA
Carlos Oliveira
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
30 USD
Trendline EA MT5 Free
Carlos Oliveira
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
FREE
Trendline EA Free
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
FREE
Filtro:
Eduardo Silva Vian
240
Eduardo Silva Vian 2021.02.09 03:59 
 

Excelente! Recomendo a compra!

Christian Astinza
28
Christian Astinza 2021.01.26 01:39 
 

Excellent tool! Very powerful when applied in the right place.

metatradegambero
33
metatradegambero 2020.11.27 17:31 
 

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

Efrain Romero
381
Efrain Romero 2020.11.07 17:44 
 

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

ray00light
478
ray00light 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
47
petrzagurskii 2020.06.23 08:26 
 

Супер! Спасибо!

Research Lab
29
Research Lab 2019.08.13 03:41 
 

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

Joško Lovrić
140
Joško Lovrić 2019.02.14 10:41 
 

Awesome EA :)

Victor Martin Schenker
686
Victor Martin Schenker 2018.12.27 19:55 
 

El usuario no ha dejado ningún comentario para su valoración

Andreas Dlabka
286
Andreas Dlabka 2018.06.18 17:37 
 

Very good EA!

Thank you...

Respuesta al comentario
Versión 2.3 2019.03.25
Improved stability of EA
Versión 2.2 2019.03.20
Hotfix for some brokers where order open was failing
Versión 2.1 2019.03.19
Fixed bug with commands BoPB & SoPB
Fixed issue were multiple orders were opened upon broker error
Other stability improvements
Versión 1.122 2018.07.17
- Improved trendline detection when price moves very rapidly
- Removed automatic setting of trendlines description on chart
Versión 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
Versión 1.95 2018.04.06
Fixed bug where CaO command would close orders on all charts
Versión 1.90 2018.03.01
Fixed bug with Breakout commands
Several stability improvements