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Trendline Trading

If you use Resistance and Support Trendlines in your trading, this tool will be very useful for you!

The Trendline Trading EA is a smart and easy tool to helps you in your trading using trendlines on your chart. Just create a trendline for the Resistance and Support, and the EA will create pending orders when the price touch the trendline.

The following pending orders will be created when the price touch the trendline:

  1. Pending order in case the price breaks the trendline
  2. Pending order in case the price bounce back from the trendline and reverse

 

For the Breakout pending order and the Reversal pending order you can set the following:

  • Stoploss of the pending order
  • Offset (=distance) from the trendline to activate the pending order. When the price touch the trendline, the pending orders will be created and the pending order price will be based on the trendline plus/minus the offset
  • For the Reversal pending order, you can set the TP
  • When the Breakout pending order gets activated, the order will be monitored and trailing is activated

     

    When you load the EA, 4 buttons will appear on the chart. Just click on a button to create the Trendline:

    1. Hor Res Line: This button will create a horizontal Resistance Trendline. The line will be placed at the highest value of the last 200 bars, but you can move the trendline to any position you like.
    2. Res Line: This button will create a Resistance Trendline, based on the most recent highest values. You can change the position of the trendline, just like any other MT4 trendline.
    3. Hor Sup Line: This button will create a horizontal Support Trendline. The line will be placed at the lowest value of the last 200 bars, however, the trendline can also be moved on the chart.
    4. SupLine: This button will create a Support Trendline, based on the most recent lowest values. You can change the position of the trendline, just like any other MT4 trendlines.

    Resistance Trendlines will be Red, and the Support Trendline will have a Green color.

    As soon as the trendlines are created, the EA will create the pending orders when the price touch the trendline. You can create a Resistance and Support Trendline, but you can also just create a Resistance Trendline or a Support Trendline.

    Which Broker to use?

    Very often, my customers ask me which broker is the best to use. Obviously, that is a personal decision, and the best broker could be different for each person. 
    My Preferred Broker: https://www.icmarkets.com/?camp=49910 

    The reason I use IC Markets for years (after using many other brokers) is because of the following reasons:
    - Licensed and regulated broker
    - Fast and reliable order execution - never had any failures in order execution! For me, this is very important!
    - Low spread! The lower the spread, the higher your profit...
    - All known pairs, commodities and indexes available with low spreads
    - Very good customer service. I get good answers for my questions by using chat on their website. Very easy.

     

    Parameters:

    • Magic Number - This magic number is used for Reversal orders. Breakout orders will have the next consecutive number (=Magic Number+1).
    • Lot size - Lot size for the pending orders
    • Order Comment - Comment for the pending orders
    • Seconds to cancel pending order
    • TP for Reversal order (Pips)
    • SL for Reversal order (Pips)
    • Offset for Reversal order (Pips) - Distance from the trendline before the Reversal pending order gets activated
    • TP for Breakout order (Pips)
    • SL for Breakout order (Pips)
    • Offset for Breakout order (Pips) - Distance from the trendline before the Breakout pending order gets activated
    • Remove trendline after breakout? - If Yes, the trendline will be removed after breakout (Breakout pending order is activated), so this trendline cannot create new pending orders
    • Trailing for breakout orders? - If yes, the EA will trail activated breakout pending orders
    • Trailing only when in profit? - If yes, trailing only starts when the breakout order is in profit
    • Trailing for Buy orders (Pips) - Trailing distance for Buy orders
    • Trailing for Sell orders (Pips) - Trailing distance for Sell orders
    • Trailing step - Trailing step in Pips

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    Unlimited Trade Copier Pro is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal
    299 USD
    MyMT4Book
    MyMT4Book
    Rimantas Petrauskas
    MyMT4Book provides instant MetaTrader 4 account analysis by Magic Number, Trade Comment or Symbol. MyMT4Book was built to analyze MetaTrader accounts and do it in seconds. With MyMT4Book you can get trade statistics fast and right on your MetaTrader 4 chart window. The main idea of the indicator is to monitor and choose winning strategies when you use many strategies on the same MetaTrader 4 account. You can test more than 100 strategies on the same MetaTrader 4 account to save computer/VPS reso
    149 USD
    Market Pressure Dashboard
    Market Pressure Dashboard
    Chantal Sala
    Market Pressure Dashboard is a new generation utility. Its main function is to assist you and give you operational ideas optimizing your analytical work. Using this utility you could monitor a lots of financial instruments (max 28 symbols FOREX) in a very simple way. The Market Pressure indicator allows you to customize the internal list of the symbols to be monitored. The opening function and position management with this panel will be much more comfortable and navigation charts very powerful.
    100 USD
    DAX Scalping Bracket
    DAX Scalping Bracket
    Chantal Sala
    Dax Scalping Bracket is a new generation Expert Advisor Panel. This a very professional tool for SCALPING. The usability makes this tool an excellent ally for FAST operations of SCALPING on Index instruments and Forex market. The main feature of this EA is the ability to open multiple operations with a single click. Each position is autonomous and you can set different take profit and stop loss for each position. Special functionalities: STOP MOVE to manage your stop chasing the price BREAK EVEN
    100 USD
    Trading box Order Management
    Trading box Order Management
    Igor Zizek
    Save your time with placing order and automate entry under your conditions.  Managing open trade with various tools is simple Try DEMO here . Manuals website  here . Video tutorials here .  FREE Order box Dashboard  tool  here .  Join Facebook group   HERE Order box will calculate lot size (position size calculator mt4) for every order, total stop loss in deposit currency, risk in percentage of account balance, total profit from all targets and order box size in pips. Commission and spread a
    128 USD
    Price Action DashBoard
    Price Action DashBoard
    Chantal Sala
    The Price Action Dashboard is an innovative tool to help the trader to control a large number of financial instruments. This tool is designed to automatically suggest signals and price conditions. The Dashboard analyzes all major Time Frame suggesting price action conditions with graphic elements. The Dashboard can suggest you the strength of the trend identifying directional movement, it is an indispensable tool for those who want to open position themselves using market trends identifiers. The
    200 USD
    MT4 to Tlgrm
    MT4 to Tlgrm
    Fernando Morales
    Do not use Windows 7 with this EA MT4toTLGRM EA only sends text messages from Metatrader4 to a Telegram group or channel of your choice. From version 4.00 it sends messages to Twitter and Facebook. The messages are customizable to show information about any trading activity in the account. Also it shows a daily PnL report. Several instances of this EA can be used simultaneously in the same MT4 terminal for sending messages to different Telegram group/channel but ensure that each one has a diffe
    149 USD
    Loss Recovery Trading Robot
    Loss Recovery Trading Robot
    Quang Dung Pham
    This is an Expert Adviser use for manual trading as a background EA or combine with external EA to open orders. Loss Recovery Trading is one of your options to handle the lose positions instead of using stop loss by setting a zone recovery area and target to exit the turn rounds sequence. How It Work? If the market goes against your first positions direction at the specific of losing points, the EA will open an opposite direction position with calculated larger lot size and also keep the first
    129 USD
    Navigator FX
    Navigator FX
    Chantal Sala
    The Navigator is a next-generation panel very easy to use. Apply this indicator on the chart to navigate very quickly through all the symbol and timeframes listed in input. The arrows manage the zoom and time frames. You can customize both the graphic colors and the list of symbols to display. A quick and easy tool that it will help to analyse the charts. Input Values Show_TF_Panel (true/false) it permits to show/hide panel with TF and Arrows 32 symbols COLORS AND SIZE SETTINGS BUTTON_WIDTH B
    50 USD
    Entry Assistant Dashboard
    Entry Assistant Dashboard
    Mhd Amran Bin Lop
    Entry Assistant Dashboard v2.3 is the latest forex system for MT4 specially created to display the highest quality entry signals according to the best time brought especially for live traders (Live). In addition, it is equipped with an important function which is Push Notification which is used to receive message signal entry directly to your smart phone. This Push Notification is intended to prevent you from missing out or missing the golden opportunity of entry. Entry Assistant Dashboard v2
    12 000 USD
    Auto Trailing Stop and Break Even
    Auto Trailing Stop and Break Even
    Fernando Jose Velasco Borea
    If you want to test the functionality of this tool, you can do it trough a DEMO version, that is restricted to work only on EURUSD and USDJPY currency pairs. To obtain it, please visit the following link: https://www.mql5.com/en/market/product/29594 This EA was originally coded as a back up tool for my personal trades as all of us (Or at least the ones who have left an order open and went to sleep) have experienced the frustration that involves waking up, check the trades and see that in some o
    60 USD
    GRID for MT4
    GRID for MT4
    Vladimir Gribachev
    GRID for MT4 is a convenient tool for those who trade a grid of orders, designed for quick and comfortable trading in the FOREX financial markets. GRID for MT4 has a customizable panel with all the necessary parameters. Suitable for both experienced traders and beginners. It works with any brokers, including American brokers, requiring FIFO to close primarily previously opened transactions. The grid of orders can be either fixed - orders are opened with a fixed step, or have dynamic levels of op
    125 USD
    Fast Copy MT4
    Fast Copy MT4
    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 two
    55 USD
    Easy Virtual Trader
    Easy Virtual Trader
    Anoop Sivasankaran
    Easy Virtual Traderのセットアップ>ルールの入力>モバイル、別のEA、またはどこからでも取引する準備ができました。...ロボットが取引を管理できるようにします。     この強力なEAは、事前設定のルールと設定に基づいて、すべてまたは特定の取引を自動的に管理するのに役立ちます     セットアップして実行すると、注文を監視する必要がなくなります。ソフトウェアは定義済みのルールで注文を監視および制御します     デスクトップMT4またはモバイルアプリケーションから取引するか、別のEAの取引を管理できます。     マルチプロテクションとトレーリング戦略をサポートするように設計されています。損益分岐点による保護、パーセンテージによる保護、ピップによる保護、アカウント値による保護、距離によるトレーリング、インジケーターによるトレーリングなど。 Easy Virtual Traderは、自動バージョンの多くのリクエストにより、すでに人気のあるEasy Tradeマネージャーを拡張したものです: https://www.mql5.com/en/marke
    50 USD
    Forex Trade Manager MT4
    Forex Trade Manager MT4
    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
    99 USD
    Telegram Trading Signals
    Telegram Trading Signals
    Alexander Pekhterev
    (MT4 to Telegram) -   Fast and instant publication of your trade in the telegram channel (chat or personal message).  F rom version 1.77 it sends Alerts of any indicators in telegram! !!!Attention!!! If you want to test all the functions of this utility please contact me and get this advisor for 1 month for FREE! TTS   can send the following messages in   all   languages: Opening a new position; Placing a pending order; Pending order activation; SL and TP modification; Pending order price modi
    59 USD
    Exp4 Duplicator
    Exp4 Duplicator
    Vladislav Andruschenko
    The Expert Advisor repeats trades and positions or signals a preset number of times on your account  MetaTrader 4 . The following functions are supported: custom lot for copied trades, copying Stop Loss, Take Profit, use of trailing stop. It copies all deals opened manually or by another Expert Advisor. Copies signals and increases the lot from signals! Increases the lot of other EAs. Note: This is not a copier for deals between terminals. A trade copier for MetaTrader is available here: COPYLO
    50 USD
    Trade Copier Global
    Trade Copier Global
    Laszlo Tormasi
    Trade Copier Global: The name speaks for itself. This copier allows you to copy orders between MT4 terminals even if they are not installed on the same computer. Features Copying trades between MT4 terminals around the world with a short delay. Automatically recognizes symbol prefixes. Can connect many Slaves to the same Master. Supports pending and market orders. Supports partial order close (with limitations, see below) Can send messages and notifications to the Slaves from the Master Severa
    72 USD
    StarseedFX Smart Trading Tool
    StarseedFX Smart Trading Tool
    Mohamed Elsayed
    What Exactly Is A Smart Trading Tool? Smart Trading Tool was developed for fast and comfortable trading of the financial markets especially for ORDER BLOCKS TRADERS . It provides traders functionalities, such as: A Drawing Tool One-Click Trading Panel Automated Lot Sizes Calculation based on your risk appetite & Money Management ( Watch this video , how this tool can help manage your risk per trade better!) Built in PRICE LEVELS (Fibonacci, Round Numbers, Daily hi-low, etc) Shows Trading Informa
    99 USD
    作者のその他のプロダクト
    Three Moving Average Scanner
    Three Moving Average Scanner
    Victor Christiaanse
    Buy and get PinBar Scanner for Free! Contact me by private message after your purchase. Note: This scanner can also be used to find crosses for 2 moving averages This indicator is designed to scan all pairs and symbols, for all selected time frames, to find a cross of the 3 moving averages. This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames . You don't have to look to all the charts, for all symbols and for all time frames. This scanner
    30 USD
    Engulfing Candlestick Pattern Scanner
    Engulfing Candlestick Pattern Scanner
    Victor Christiaanse
    Buy and get PinBar Scanner for Free! Contact me by private message after your purchase. This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found.  You never have to miss a trade opportunity! This indicator is designed to scan all pairs and symbols, for all
    30 USD
    Macd Scanner with embedded Trend filter
    Macd Scanner with embedded Trend filter
    Victor Christiaanse
    Buy and get PinBar Scanner for Free! Contact me by private message after your purchase. This scanner is monitoring the entire market for trade opportunities for all symbols and for all   time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found.  You never have to miss a trade opportunity!   This indicator is designed to scan all pairs and symbols, for
    30 USD
    Keyboard Trading
    Keyboard Trading
    Victor Christiaanse
    Keyboard Trading - Open and Close orders with your keyboard This tool allows you to open and close orders with your keyboard. As opening and closing orders with your keyboard is faster than with your mouse, this tool is very useful for Scalpers. How does it work? If you press the key "b", it will open a buy order with lot size, SL and TP as specified in the settings. If you press the key "s", it will open a sell order with lot size, SL and TP as specified in the settings. If you press the key "c
    FREE
    Swing Trading
    Swing Trading
    Victor Christiaanse
    The EA is based on the Swing Trading style. Swing Trading is a trading style that tries to capture a portion of a larger move. The trading style is based on the assumption that prices rarely move in a straight line. Swing Trading EA uses multiple indicators and oscillators to identify when most likely market changes the direction, at that point it will enter the swing to get a big piece of the price movement. It will exiting the open trades when the swing is expected to be finished.  The trad
    250 USD
    MA of Indicator Crossover Scanner
    MA of Indicator Crossover Scanner
    Victor Christiaanse
    Buy and get PinBar Scanner for Free! Contact me by private message after your purchase. This scanner is monitoring the entire market for trade opportunities for all symbols and for all  time frames . You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found.  You never have to miss a trade opportunity!   This indicator is designed to scan all pairs and symbols, for a
    30 USD
    Ichimoku Scanner
    Ichimoku Scanner
    Victor Christiaanse
    Buy and get PinBar Scanner for Free! Contact me by private message after your purchase. This scanner is monitoring the entire market for Ichimoku trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found.  You never have to miss a trade opportunity!   This indicator is designed to scan all pairs and symbo
    30 USD
    Four Moving Average Scanner
    Four Moving Average Scanner
    Victor Christiaanse
    Buy and get PinBar Scanner for Free! Contact me by private message after your purchase. This indicator is designed to scan all pairs and symbols, for all selected time frames, to find a cross of moving averages. The 4 Moving Average Strategy The scanner has 4 moving averages: - 2 moving averages to define the trend - 2 moving averages are used to find the right moment to send an alert If the fast trend MA is above the slow trend MA, than it is considered as a bullish market and it will on
    30 USD
    Exit Manager
    Exit Manager
    Victor Christiaanse
    This Exit Manager   is an advanced and powerful tool that helps you to manage and control your orders to maximize your profit. After you placed an order, the Exit Manager will close the trade based on YOUR conditions and in that process, it will be able to trail your stoploss to reduce risk. The features of this tool enables you to Set & Forget the trade. Place the trade, and the Exit Manager will continuously keep an eye on the trade and close it when the conditions are met. The orders will be
    50 USD
    フィルタ:
    8601567
    805
    8601567 2021.01.29 23:52 
     

    So far I like what this does. I bought it more for help with trendlines. I mentioned that the trendlines should be able to remain on the chart while flipping through time frames and Victor responded immediately with the adjustment. As always, a star for more than five activations and a star for quality and a star for reasonable price and a star for functionality and a star for allowing the customer to try the indicator for free on 1 designated pair in order to try it out. This is like allowing a test drive before you buy. Trying the product gives transparency and integrity. Something many other vendors know nothing about. Update. 3-31-21- I have been trading the GBPJPY. The "Hor Res Line" was painted at 152.635. When price broke this line, it repainted at 152.764. The lines have proven to re-paint and begin once the price has broken. They do not remain and this is problematic for trying to determine a trendline break. The vendor was pleasant to talk to, but the problem is not worked out.

    Victor Christiaanse
    6349
    開発者からの返信 Victor Christiaanse 2021.02.13 08:50
    Many thanks for your review, much appreciated. Enjoy the product!
    レビューに返信
    バージョン 1.2 2021.01.31
    Trend lines will not be removed anymore on the chart if you change timeframes.
    バージョン 1.1 2019.03.23
    - Now it is possible to specify a TP for the Breakout Pending Orders.