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Trendline TakeProfit EA MT5

A robot that real-time supervise your open position and close it once the price level touches (or is close to touch) a previously selected trendline.

You don't have to constantly watch your open position and wait for the proper time to close it. It automatically does this entire process and gives you time to spot new market opportunities.

It can be attached to multiple charts and assist multiple open positions at the same time.

Setup steps

  1. Draw a trendline on chart (using your mouse)
  2. Allow MetaTrader 5 Client Terminal Auto Trading (Algo Trading) (Ctrl+E) option
  3. Load (Attach to Chart) the EA
  4. Click the trendline (left mouse button)
  5. Update the Assistant and Target input parameters as desired (or use the default ones)
  6. Click the Enable button


Input parameters (editable)


Assistant

  • Action - Close
  • Position ticket - The open position ticket number (this can be found in Toolbox -> Trade -> Open positions list view-> "Ticket" column that corresponds to position's row)
  • Deviation - Maximal deviation from the current price (in points). This can be any value between 0 and 50. The default value is 0 and the step is 1. Detailed information can be found here
  • Notifications - While in an enabled state, if this checkbox is selected, the Assistant will send a confirmation push notification to your mobile device once the target price is reached and the position is closed

Target

  • Tolerance It allows you to set a lower / upper take profit target price level (a few points below / above the trendline's current price level). This can be any value between -500 and 500. The default value is +/- 30 (+30 in case that the trendline is below the current ask price; -30 in case that the trendline is above the current bid price) and the step is 10


Informational parameters (not editable)


Instrument

  • Symbol - The chart symbol
  • Period - The chart period
  • Ask price - The chart symbol's ask price
  • Bid price - The chart symbol's bid price

Trendline

  • Time - The current market watch
  • Price - The trendline's price level at the current market watch

Assistant

  • Status - The Assistant's current status (Enabled / Disabled)

Target

  • Price - The price level the open position will be closed at

    • for a support trendline: Target price = Trendline price + Tolerance
    • for a resistance trendline: Target price = Trendline price - Tolerance

  • Points to - The remaining points to Target price level
    • for a support trendline: Points to = Ask price - Target price
    • for a resistance trendline: Points to = Target price - Bid price

Important

  • Before enabling the EA you have to turn on the MetaTrader 5 Client Terminal "Auto Trading (Algo Trading)" (Ctrl+E) option. This allows EA to automatically close a position. Detailed information can be found here.
  • The EA is reinitialized once the chart's period is changed (the EA needs to be re-enabled for the newly selected period).
  • Before using the Notifications feature you have to setup your MetaTrader 5 Client Terminal and your MetaTrader 5 Android and /or MetaTrader 5 iPhone/iPad accordingly. Detailed information can be found here.
  • The Trendline and Target price levels evolve in time depending on the trendline's slope.
  • The Target price is marked on chart by a target icon. While the Assistant is disabled the target icon is blue. The icon turns red while the Assistant gets enabled.
  • Wisely set a Target Tolerance. It allows you to target a more realistic take profit price level.


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Panneau de trading pour trader en 1 clic.   Travailler avec des positions et des commandes!   Trading à partir du graphique ou du clavier. Avec notre panneau de trading, vous pouvez exécuter des transactions en un seul clic directement depuis le graphique et effectuer des opérations de trading 30 fois plus rapidement qu'avec le contrôle MetaTrader standard. Les calculs automatiques des paramètres et des fonctions rendent le trading plus rapide et plus pratique pour les traders. Des conseils grap
Risk Manager for MT5
Sergey Batudayev
4.42 (12)
Expert Advisor Risk Manager pour MT5 est un programme très important et, à mon avis, nécessaire pour chaque commerçant. Avec cet Expert Advisor, vous pourrez contrôler le risque de votre compte de trading. Le contrôle des risques et des bénéfices peut être effectué à la fois en termes monétaires et en termes de pourcentage. Pour que l'Expert Advisor fonctionne, attachez-le simplement au tableau des paires de devises et définissez les valeurs de risque acceptables dans la devise du dépôt ou
ManHedger MT5
Peter Mueller
5 (2)
Manual & Test Version Please DON'T BUY this product before testing or watching my video about it. Contact me for user support & advices! If you've bought this EA, you are entitled to a gift!! MT4 Version  With this Expert Advisor, you can: Implement your own Zone Recovery strategy to capitalize on trending markets. Create Grid trading strategies, to profit from ranging markets. Place orders easily and clearly. Display your trades/strategies on the chart. Display your Take Profits/Stop Losses as
The News Filter MT5
Leolouiski Gan
4 (4)
Ce produit filtre tous les conseillers experts et les graphiques manuels pendant les heures de publication des actualités, de sorte que vous n'avez pas à vous soucier des pics de prix soudains qui pourraient détruire vos configurations de trading manuelles ou les transactions entrées par d'autres conseillers experts. Ce produit est également livré avec un système de gestion des ordres complet qui peut gérer vos positions ouvertes et vos ordres en attente avant la publication de toute actualité.
Adam FTMO MT5
Vyacheslav Izvarin
5 (1)
ADAM EA Special Version for FTMO Please use ShowInfo= false for backtesting ! Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 Signal using ADAM  https://www.mql5.com/en/signals/2190554 --------------------
La boîte à outils d'action sur les prix EA est principalement conçue pour les scalpers mais peut être utilisée sur toutes les périodes pour entrer rapidement sur le marché avec une taille de lot correctement calculée en fonction de votre niveau d'arrêt. ordres), puis ajustez les stops et prenez les bénéfices au fur et à mesure que le marché évolue. Pour une liste complète de toutes les fonctionnalités, paramètres et stratégie des meilleures pratiques à utiliser, cliquez ici :   https://www.mq
Maximisez votre potentiel de trading avec T Manager Plus, le compagnon de trading ultime conçu par des traders, pour les traders. Cette puissante plateforme de gestion de trades et de charting avancé offre une interface conviviale et intuitive, ainsi que des règles automatisées pour vous aider à atteindre vos objectifs de trading en toute simplicité. Prenez le contrôle de vos trades et gérez votre risque avec précision en définissant vos prix d'entrée, vos stop losses et vos profits en quelque
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Version 1.1 2019.02.14
Version 1.01

Bug fixed: The Target icon is now correctly recalculated and redraw on chart (when the Target price level evolves in time depending on the trendline's slope).