Trend Trader MT4

This EA trades according to your trendline. It can trade in several modes:

  • will open only one trade and then be stopped
  • trades only in the direction of the trendline
  • opens more trades after each touch with the trendline
  • trades in both directions
  • it can place a pending order or open a market order

MT5 version: https://www.mql5.com/en/market/product/74901

See the screenshots below for a better understanding of its features.

This can draw a test trendline when running a test in the strategy tester. You can move or delete it and draw your own trendline.


Settings:

  • StartTrading .. start of trading HH:MM
  • EndTrading .. end of trading HH:MM
  • TrendLineName .. the name of your trendline. if you do not enter then the first trendline in the chart is traded
  • Use pending orders .. it can place a pending order or open a market order
  • Only one trade .. will open only one trade and then be stopped
  • Trade only in trend .. trades only in the direction of the trendline / trades in both directions
  • Wait for distance .. the opening of the trade will be allowed when the market price moves away from the trendline
  • MyTL_Color .. your trendline will be highlighted with this color
  • Entry distance in Points .. the trade will be open at this distance from the trendline

:::::::::: Money management :::::::::::

  • Lots .. trade size in lots
  • Risk % by SL .. automatic lot calculation according to the entered risk and size of SL
  • TP1 Lot % .. can only close part of the trade at this size
  • TP1 in Points .. can close only part of the trade in this profit
  • TP2 in Points .. close the trade in this profit
  • SL in Points .. close the trade at this loss
  • SL to BE .. in this profit move the SL to the opening price
  • TP to BE .. in this loss move the TP to the opening price
  • BE + Points .. SL / TP move to the opening price plus this profit
  • TrailingSL_Start .. It starts to move SL in this profit
  • TrailingSL .. this will move the SL at that distance
  • TrailingSL_Step .. It will move SL in this step

:::::::: Other ::::::::

  • Photo to .../MQL4/Files/ .. saves a screenshot of the chart when opening a trade
  • Chart to top .. show the chart when opening a trade
  • SoundAlarm .. sound signal when opening a trade
  • Alarm_Wav="alert.wav"; .. sound file
  • Send e-mail (by MT4-Tools/Options/) .. when opening or closing a trade
  • ShowTrade


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5 (1)
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Profalgo Limited
5 (2)
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5 (4)
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With this tool, you can easily and quickly close part of the trade. Click near the trade to display the closing panel. There are ten preset values for partial closing, but you can set your own values. You can also resize the panel according to Windows settings (125%, 150% ...) See the animation below for how it works. ********************************************************** Note: This tool does not work in the tester.
This indicator draws a trend line and a trend tunnel on the chart. You can choose several calculation methods, alerts, notifications, and other settings. It can also draw trendlines from another TimeFrame. You can also use this indicator for your ExpertAdvisor. The current values of the lines are stored in the memory buffer from where the EA can load them. You can trade the price bounce from the upper and lower lines .   Settings TimeFrame – trend timeframe Description – show description of line
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