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THeMindTheLines plus TrendlineArchitect

This EA keeps an eye on drawn lines and opens orders according to a specification.

Together with the included tool Trendline-Architect, which calculates and draws lines over the chart, it is a fully automatic EA.

There are two types of trends:
    Trend A: the line is drawn using local lows for uptrends and local highs for downtrends
    Trend B: the line is drawn using local highs for uptrends and local lows for downtrends

A few conditions have to be fulfilled. To understand and change the parameters see also picture 8.

You can draw additional lines manually - the EA will recognise them. OBJ_TREND, OBJ_CHANNEL, OBJ_TRENDBYANGLE, OBJ_REGRESSION, OBJ_STDDEVCHANNEL and OBJ_FIBOCHANNEL objects will be detected - others will be ignored. The lines or channels have to have valid coordinates and rayed to the right, otherwise the value will be zero. Although channel-objects are usually composed of 2 or more lines, this EA recognises only the mainline (the one with the 2 basepoints).

There are two line types:

    SUPPORT: most of the prices are above this line
    RESISTANCE: most of the prices are below this line

The line type and the trade direction of recognized line can be determined automatically or can be set manually.

Around recognized lines, there will be a zone called ActionArea. The nearest ActionAreas to the current price for long- and short-trades are shown in the chart. If the current price is in this zone, an order or an alarm will be triggered and the triggered trade direction will be deselected for this line.


Parameters

  • Do Automatic LineType-Detection is true to automatically detect the line type (SUPPORT or RESISTANCE).
If false, the line type is set to NONE by default. Changes apply only to new lines or the first time the EA is activated on a chart.
The user can change the line type for each line by clicking on the button.
The button displays the current line type and is green when in automatic mode.
  • ATR-period defines the period of the ATR calculation. The area and distance around the lines where some action happens is measured in ATR. The ATR timeframe is the same as in the chart.
  • min. ATR-distance for LineType-Detection is the minimal distance to a line to auto detect the line type (SUPPORT or RESISTANCE).
  • max./min. ATR-distance for ActionArea
  • If the mean value of both values is positive, the action happens before the line is broken. Expectation should be a change of the previous approached price direction (see screenshot 2).
  • If the mean value of both values is negative, the action happens after the line is broken in direction of an outbreak (see screenshot 3).
  • ATR-distance for Stoploss is the distance to Stoploss. The Stoploss is always on the other side of the line - so it makes no difference if this value is positive or negative.
  • TP/SL ratio is the factor to calculate TP price.
  • MagicNo is the number to differ strategies and their orders.
  • Do Alert is true, if an Alert-message is needed, too.
  • Risk is
    • the relative portion of RiskBase which is risked per order or
    • the fixed lotsize, in case this mode is choosen in RiskBase.
If risk equals to zero, no orders are allowed. Maximum risk allowed is 0.1.
  • RiskBase is the base of risk calculation. You can choose between:
    • Balance
    • Free margin
    • Free equity (equals free margin minus risk of open orders. In this mode all open orders have to have Stoploss or else free equity equals zero.)
    • Fixed lotsize: the value of the ordersize is taken from the value Risk. 
  • color ActionArea long/short defines the color in the chart.
  • MinBarAge: the count of bars to the last base point of a line is called BarAge and has to be greater than the parameter MinBarAge
  • MinLength: the length of the line starting at the first base point is measured in bars and has to be greater than MinLength
  • MinLenfac: the ratio of the length between the base points of the mainline and the length of the whole line has to be greater than MinLenfac
  • MaxPostBreakfac: the ratio of bars since the line was broken (PostBreak) and the unbroken line length has to be less than MaxPostBreakfac
  • LineColor: sets the main color of the lines
  • ColorFadefac: represents the color intensity at the point the conditions are scraped through; 0 means main color, 1 means background color
  • FadeFac: is similar to MinLenfac and sets the ratio, when to start the fadeout






































































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Ho Tuan Thang
4.91 (149)
Experts
ONLY 3 COPIES OUT OF 10 LEFT AT $99! After that, the price will be raised to $199. HFT  Propfirm Challenge Performance Monitor(Starting from $200) Account Number:  66668979 Server: ICmarketsSC-Demo06 Password: quantumhft1 You will get BONUS  worth $399 after you pass the HFT Prop Firm challenge round Quantum HFT Prop Firm is the EA is designed to pass the competition of HFT Prop Firms.  Please be aware that this Expert Advisor (EA) should not be used with a real account. Its sole pur
GoldPulse AI
Babak Alamdar
5 (7)
Experts
Acquista non un backtest, ma un vero sistema di trading:  Live Signal 1     Live Signal 2 Questo prezzo è temporaneo per la durata della promozione e verrà aumentato a breve Prezzo finale: 5000 $ Sono rimaste solo poche copie al prezzo attuale, il prezzo successivo è -->> 500 $ Welcome to the GoldPulse AI Hey, I'm GoldPulse AI! Questo è il primo robot più intelligente che scambia oro o XAU con coppie complete come XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY, XAUCHF, XAUSGD e XAUCNH! Controllo
TrendMaster FX MT4
Chen Jia Qi
5 (9)
Experts
Introducing our MT5 EA: Designed with advanced algorithms and utilizing deep learning technology, our Expert Advisor (EA) is crafted to assist you in the intricate world of forex trading. The system analyzes market behaviors and conducts transactions based on specific criteria, empowering you to engage with market trends more effectively. With the backing of nearly a decade of data, the EA employs deep learning to examine past market conditions, aiming to provide enhanced decision-making. Recom
Ai Hybrid Robot MT4
Mansour Babasafary
Experts
71% discount for the next 5 buyers (original price $9000): 3 person left Get a 50% bonus by buying (or even renting) any of our products. After buying (or renting), send a message for more information. Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in t
XG Gold Robot MT4
Marzena Maria Szmit
4.57 (21)
Experts
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Smart Funded Hft
Barbaros Bulent Kortarla
5 (48)
Experts
Smart Funded EA è un consulente esperto progettato per superare le sfide HFT delle società prop che ne consentono l'uso. Quali società prop HFT posso utilizzare? È stato testato su quasi tutte le sfide HFT delle società prop con una percentuale di successo del 100%, come Kortana Fx, Nova Funding, Fast Forex Funds, Infinity Forex Funds, Quantec Trading Capital, Next Step Funded, Msolutionff, Genesis Forex Funds, The Talented Traders, Only Funds, Tradicave e tutte le altre sfide MT4 consentite da
Diamond PRO
Fanur Galamov
5 (9)
Experts
Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and an advanced position management algorithm. Main goal of Diamond PRO
Naomixi Gold EA
Raman Tsimashenka
5 (8)
Experts
Naomixi Gold Advisor is a fully automatic trading system. !!! No martingale, no scalping, no grid Please note that we do not update the advisor 3-5 times a month.  The advisor does not need updating or optimization The system uses the basic laws of the Forex market in trading - price return after a sharp movement in any direction. This is one of the most stable advisors among existing analogues. You will be surprised! He does not use risky strategies. The price of the advisor is much lower
Boring Pips MT4
Thi Thu Ha Hoang
5 (12)
Experts
Ti sei mai chiesto perché la maggior parte degli esperti consulenti non è efficace nel trading reale, nonostante la loro perfetta performance nei backtest? La risposta più probabile è Over-fitting. Molti EA vengono creati per 'imparare' e adattarsi perfettamente ai dati storici disponibili, ma falliscono nel prevedere il futuro a causa di una mancanza di generalizzabilità nel modello costruito. Alcuni sviluppatori semplicemente non conoscono l'esistenza del Over-fitting, o ne sono a conoscenza
Daytrade Pro Algo
Profalgo Limited
5 (6)
Experts
Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ NOVITÀ: ottieni 1 EA gratis!   (per 2 account commerciali) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipendente
Position Trader EA
LEE SAMSON
4.67 (6)
Experts
Trasforma qualsiasi strategia di trading in una strategia di trading di posizione o scambia le comprovate strategie di trading di posizione basate su RSI e ADR, incluso il sistema di controllo automatizzato del prelievo per le posizioni che si muovono contro di te. Questo EA è un'evoluzione e una semplificazione dell'MRA EA che è stato utilizzato per molti anni per le strategie di trading di posizione insegnate sul sito web Market Structure Trader. Vedi il mio profilo per un collegamento al sit
Altri dall’autore
Trendline Architect
Torsten Hempel
4.33 (6)
Indicatori
This indicator calculates and draws lines over the chart. There are two types of trends: Trend A: the line is drawn using local lows for uptrends and local highs for downtrends Trend B: the line is drawn using local highs for uptrends and local lows for downtrends There are a few conditions, which have to be fulfilled and can be changed by the parameters (see also picture 4): MinBarAge : the count of bars to the last base point of a line is called BarAge and has to be greater than the parameter
FREE
THeMindTheLinesAlert
Torsten Hempel
3 (2)
Experts
This EA keeps an eye on drawn lines and alerts according specification. It is a semi-automatic robot, which does NOT draw or change any lines. A user can draw them manually or use tools like Trendline-Architect or Channel-Architect, which draw lines automatically. Objects of type OBJ_TREND, OBJ_CHANNEL, OBJ_TRENDBYANGLE, OBJ_REGRESSION, OBJ_STDDEVCHANNEL and OBJ_FIBOCHANNEL will be detected - others will be ignored. The lines or channels have to have valid coordinates and rayed to the right, oth
FREE
Channel Architect
Torsten Hempel
Utilità
This utility calculates and draws lines over the chart. There are two types of channels: Channel A: the mainline is drawn using local Lows for uptrends and local Highs for downtrends. Channel B: the mainline is drawn using local Highs for uptrends and local Lows for downtrends. The parallel line of both types is built, using the maximum fractal between the base points of the mainline. There are few conditions which have to be fulfilled and can be changed in the parameters (see also picture 4): T
Channel Architect Indicator
Torsten Hempel
1 (1)
Indicatori
This indicator calculates and draws lines over the chart. There are two types of channels: Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 4):
THeMindTheLines
Torsten Hempel
5 (1)
Experts
This EA keeps an eye on drawn lines and opens orders according to a specification. It is a semi-automatic robot, which does NOT draw or change any lines. A user can draw them manually or use tools like Trendline-Architect or Channel-Architect, which draws lines automatically. OBJ_TREND, OBJ_CHANNEL, OBJ_TRENDBYANGLE, OBJ_REGRESSION, OBJ_STDDEVCHANNEL and OBJ_FIBOCHANNEL objects will be detected - others will be ignored. The lines or channels have to have valid coordinates and rayed to the right,
Channel Architect MT5
Torsten Hempel
Utilità
This utility calculates and draws lines over the chart. There are two types of channels: Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 3):
Channel Architect Indicator MT5
Torsten Hempel
Indicatori
This indicator calculates and draws lines over the chart. There are two types of channels: Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 4):
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