Forex Trading Trend Support Resistance Line Trader

Forex Trading Trend Support Resistance Line Trader

Overview:

This Forex trading robot is designed to automatically take BUY and SELL positions based on a Trend Line. It identifies and executes trades depending on the line's relative position on the chart, offering an efficient tool for traders utilizing Support and Resistance strategies.

Key Features:

  • Customizable Stop Loss: User-defined STOP LOSS values.
  • Take Profit Levels: Set your desired TAKE PROFIT levels.
  • Trailing Stop Function: Optional trailing stop feature for dynamic trade management.
  • Flexible Trading Options: Choose whether to trade BUYS, SELLS, or both simultaneously.

Trading Conditions:

  • BUY Trades: Executed when the price approaches the TREND LINE from above.
  • SELL Trades: Executed when the price approaches the TREND LINE from below.

How It Works:

  • Users can draw a Trend Line in a straight line (to act as support or resistance) or diagonally (as a trend line).
  • If you excel at accurately placing Trend Lines or Support/Resistance lines, this algorithm enhances your trading potential.
  • The algorithm will automatically create a Trend Line on the chart, which can be adjusted manually by the user to fit your trading analysis.

User Inputs:

  • Set STOP LOSS and TAKE PROFIT values.
  • Optionally activate the Trailing Stop function.
  • Select whether to trade BUYS, SELLS, or both simultaneously.

Requirements:

  • MetaTrader 4 compatible.

Instructions:

  1. Attach the program to your chart.
  2. The Trend Line will be automatically generated for trade execution.
  3. Adjust the line as per your chart analysis for optimal trading results.

Important Note:

The performance of this algorithm is largely dependent on the user's ability to accurately place Trend Lines or Support/Resistance lines on the chart.

About the Developer:

Developed by an experienced Forex programmer with over 10 years of experience in MetaTrader 4 algorithm creation.

Currently holding a DarwinEx Score of 61.4 and actively trading in proprietary accounts, having passed a challenge successfully.

Get support directly from the developer and request customizations if needed.

Why Buy from Me?

  • Direct Support: Receive personalized assistance directly from the developer.
  • Customization Requests: Tailor the algorithm to your specific trading strategy.
  • Proven Expertise: Over a decade of experience in MT4 algorithm development, ensuring reliability and performance.

Feel free to contact me for any assistance or customization requests after purchase.

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5 (1)
New opportunities for analyzing cryptocurrency in the usual MetaTrader 4. For example : We select the symbol of the cryptocurrency and attach any indicators, Expert Advisors or scripts. Startup Mode View cryptocurrency; Data collection. Capabilities Work as with a standard currency chart; Automatic update of open charts; Selection of individual cryptocurrency for updating; Selection of individual timeframes for updating; Work on the desired timeframes; Open charts do not affect the work of Cry
斐波那契折返和扩展画线工具 适用于MT4平台的斐波那契折返和扩展画线工具,非常适合于利用帝纳波利点位交易法和黄金分割交易的交易者 主要功能: 1.可以直接画线多组斐波那契折返,重要折返点之间的关系一目了然 2.可以画出斐波那契扩展 3.画线的斐波那契折返和扩展均可左右移动方便观察,有数值显示 4.图表显示非常清爽 5.可通过数字键切换周期 功能键: 1.按 [ 画折返,按需画折返,最多可画8组 2.按 ] 画扩展 3.按 \ 删除当前周期下的所有扩展和折返 4.移动、删除折返和扩展 (1)点击第一组折返的F5线条, 点击1次(变成黄色),按键盘上的Delete可删除该焦点的折返。 点击2次(恢复颜色),可以移动折返到合适的位置 (2)点击COP的线条 点击1次(变成黄色),按键盘上的Delete可该组折返 点击2次(恢复颜色),可以移动扩展到合适的位置 5.修改折返和扩展: (1)选择焦点F或反弹点数字(F或反弹点字体变大,变成黄色),移动鼠标。 (2)选择ABC三点中的某一个(字体变大,变成黄色),移动鼠标。 如何使用可以看相关视频
Советник риск-менеджер с огромным арсеналом возможностей защиты вашего депозита. Для инвесторов, которые решили передать капитал в доверительное управление. Когда у трейдера нет доступа к настройкам - нивелирует торговые риски. А также для трейдеров, которые осознали необходимость стороннего контроля за их торговлей для улучшения торговых результатов.  Для максимальных результатов - должен стоять на отдельном VPS сервере и у трейдера не должно быть возможности менять настройки в торговый период.
Grid Hero War Pad
Chock Hwee Ng
3.4 (5)
Grid Hero War Pad is a  GRAPHICAL MANUAL TRADER version of the original Grid Hero EA, designed and created for ADVANCED TRADERS who are experienced in plotting their own market entries. It is coded using ADVANCED GRAPHICAL INTERFACE programming, that combines the power of discretionary trading with Grid Hero algorithm in the form of a graphical console with button-click easy execution. It allows you to execute trades manually using Market Orders and Pending Orders, and then automatically uses th
MirrorEA
Eugenio Bravetti
The new version of  MirrorSoftware 2021  has been completely rewriten and optimized.  This version requires to be loaded only on a single chart because  it can detect all actions on every symbol and not only the actions of symbol where it is loaded. Even the  graphics and the configuration mode  have been completely redesigned. The MirrorSoftware is composed of two components (all components are required to work):  MirrorController  (free indicator): This component must be loaded into the MASTER
Open charts
Maksim Slovakov
Скрипт открывает графики по всем инструментам находящимся в окне "Обзор рынка" и по желанию может задать для всех графиков один шаблон. Так-же можно удалить все графике открытые в терминале Мт4. В скрипте имеются следующие настройки: "Таймфрейм" по умолчанию M30;             (Можно поставить свой: M1, M5, M15, M30, H1, H4, D1, W1, MN.) "Задержка" по умолчанию "0";                  (Задержка перед открытием следующего графика в миллисекундах.) "Шаблон" по умолчанию "True";                (True=пр
Quantized Trend
Oleg Pechenezhskiy
This utility automatically draws the trend channel on the price chart. For the time interval from the specified date to the current bar, the drawn channel is almost optimal. Placing the beginning of the channel at a more distant historical price extremum, you get a visualization of a longer-term trend. Channel slope is not a continuous value, but takes one of discrete values (in AxB format, where A is the number of price points (points), and B is the number of timeframes). This program works ONL
Forex Market View Dashboard and CSM
Opengates Success International
5 (1)
FFXMV Dashboard + CSM is a custom indicator combined with Currency Strength Meter . It is created to give the Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make a successful trading. Before attaching this Indicator to your window chart, go to your MT4's Market Watch panel and HIDE all the Currency pairs you don't need or trade and leave the rest there. The reason is that FFMV Dashboard will DISP
NewsReady
Joel Protusada
NewsReady is a semi-automated Expert Advisor that uses a smart straddle methods It needs to be set in charts 2 to 10 minutes before Economic Data release with a red-flag impact on currencies related to the news. Then it run pending orders in specified number of minutes indicated in the time-period parameter. After the specified time, it will stop trading and will remove all pending orders. Important You can not backtest this tool because it is semi-automated and can only be set and run a few min
Advanced Smart Renko and Heiken Ashi Candle Trader is ONE STOP SOLUTION based semi/fully - automated multi-currency EA carefully engineered for traders to enter the trade based on their Analysis or in fully automated mode for scalping, trend trading, candle breakout trades and also automated news trading with inbuilt trade management solution.    Advantages    No grid / Martingale Works on Classic Renko, Renko Heiken Ashi charts and classic Heiken Ashi charts    Features Multi-Currency Ma
Binary expert
Dmitriy Konogorov
Expert for a binary options on mt4, he have  two built-in a indicators and many different settings. The expert has one a level of martingale, but it is recommended to use it on  the instruments with a yield of 85 percent. it can be used simultaneously on a variety of currency instruments. All settings have already been made, but you can also configure them yourself . Currency for do trading is a Russian ruble. Good trading to everyone.
This program is created by algorithm which economy based logic in the trading market. 1. The program able to work with all of currency and trading items  2. Take profit and loss are basically handled by EA program Recommendation: EUR_USD is the most preferred. Please use this program only for MT4. LOT should be managed depends on own deposit. Otherwise, high risk will be driven(e.g 0.1~0.2 lot is recommended when the deposit is 10,000 dollar)
1.   记录每一个Tick交易的价格数据。     数据文件内容:“Tick时间”、“ASK价格”、“BID价格”、“SPREAD价差”、“Tick报价数量”。 2.   同时,生成一个1分钟周期的报价数据文件。     1min数据文件内容:“ASK时间”、“ ASK OPEN价格 ”、“ASK HIGH 价格”、“ASK LOW 价格”、“ASK CLOSE 价格”、 “ BID 时间”、“BID OPEN价格 ”、“ BID HIGH 价格”、“ BID LOW 价格”、“ BID CLOSE 价格”、 “Tick报价数量”。 3. 每天将所有报价数据保存在一个文件中,方便使用者进行数据分析和数据整理。 4.这个EA程序,任何时刻加载到MT4图标中,就可以直接开始价格数据的记录。确保记录下市场中出现的每一个报价。 5.文件存储位置:MQL4/Files/
Утилита-риск-менеджер для защиты вашего депозита от полной потери денег. Если вы инвестор и решили передать деньги в доверительное управление, вам нужен Trade Control. Так трейдер не нарушит свои же правила риск-менеджмента и не сольет все ваши деньги. Для этого Trade Control должен находится на вашем VPS. И у управляющего трейдера не должно быть доступа к настройкам данной улититы. В момент слабости, трейдер не сможет увеличить заложенные в торговлю риски. И не потеряет ваш депозит за один неуд
L   H E D G E R   S C A L P E R    A fully automated Expert Advisor that uses counter-trend scalping, managed semi-martingale strategy and lock hedging to execute a complete trading scheme from entry analysis to risk-calculated money management to exit analysis plan execution.         V E R Y  I M P O R T A N T    You can use only ECN type of account. Otherwise, it's a disaster. You can use only the GBPJPY currency pair. Open and attach with 1 chart only. Use a minimum of $5
P Y R A M I D   E X P E R T    This Forex utility is a complex exit strategy and order management tool that executes four trading methods; scalping, pyramid style, hedging, and scaling method to close trades with a profit.           V E R Y  I M P O R T A N T     This is not a stand alone expert advisor. Use it with your own volatility-based strategy. Once you found the currency pair to trade, you can just attach this tool to the chart of the chosen pair and it will do the
Tool sends trades when open and close with chart to telegram channel.  Tool can send multiple charts and magic numbers and pairs from a single chart. Send information of all type of orders: Opened (including Pending Orders), closed tiggered, and modified orders. Telegram Setup instruction Open your Telegram APP and search for "BotFather". Type  /start  and click/type  /newbot  to create a new bot. Give your bot a nickname and username (e.g., nickname: Bestnavisignal and username: Bestnavisignal
The EA Protection Filter ( MT5 version here ) provides a news filter as well as a stock market crash filter, which can be used in combination with other EAs. Therefore, it serves as an additional protective layer for other EAs that do provide such filters.  During backtest analysis of my own night scalpers, which already use a stock market crash filter, I noticed that the historic drawdown,  especially during stock market crash phases like 2007-2008, was reduced significantly by using such a fil
FiboPlusWaves
Sergey Malysh
5 (1)
FiboPlusWave Series products Ready-made trading system based on Elliott waves and Fibonacci retracement levels . It is simple and affordable. Display of the marking of Elliott waves (main or alternative option) on the chart. Construction of horizontal levels, support and resistance lines, a channel. Superposition of Fibonacci levels on waves 1, 3, 5, A Alert system (on-screen, E-Mail, Push notifications).    Features: without delving into the Elliott wave theory, you can immediately open one of
Pro Indicator Trader is a professional trading tool with which you can automate/create a trading strategy using the 31 classical Metatrader 4 indicators.  An elegant and intuitive interface allows you to customize your strategy down to the smallest detail and choose whenever the EA should open a buy or sell position. For each entry-trade rule, you can use up to 14 different indicators. The EA is designed for professional traders, therefore it has many advanced functions. The EA records the order
Monitor floating profit of trades and close half of the lot size when profit reach target. Can monitor either all trades in whole account or by specified magic number. Can set amount of slippage and spread tolerance. Can set retry times and sleep seconds if split order was rejected Can set max split order times. Able to close trades after split when floating profit goes down and near 0, to prevent lose.
A   rocket   (from   Italian :   rocchetto ,   lit. 'bobbin/spool') [nb 1] [1]   is a   projectile   that   spacecraft ,   aircraft   or other   vehicles   use to obtain   thrust   from a   rocket engine . Rocket engine exhaust is formed entirely from   propellant   carried within the rocket. [2]   Rocket engines work by   action and reaction   and push rockets forward simply by expelling their exhaust in the opposite direction at high speed, and can therefore work in the   vacuum   of space. In
Программа работает на сочетании двух индикаторов.   Set _ Lot = 0.01 – значение объема лота Set _ TP = 100 – значение тейкпрофит в пунктах Set _ SL = 100 – значение стоплосс в пунктах Up _ Limit _ CCI = 100 – верхний предел CCI Down _ Limit _ CCI = -100 – нижний предел CCI Delta _ CCI = 25 – отклонение CCI от первой свечи Set _ Time _ Frame _ CCI = 15 – значение таймфрейма для расчета CCI Set _ Period _ CCI = 14 – значение периода для расчета CCI Set _ Price _ CCI = 0 – тип цены, по которому вед
The utility allows you to open, monitor and manage open positions on the forex market and only on instruments in which it is possible to create triangulations or those instruments that share the same currency in the numerator or denominator: ex: EURSUSD --- GBPUSD --- EURGBP The help of operational lines and valuable information on the panel allow the trader to manage trades more easily. Recommended for novice and experienced traders. External variables CrossSymbol = choose the cross on which
PLEASE NOTE:   The "AUTO" function of the EA has NOT yet been activated . It's still ongoing testing. Once it becomes available, clients will get a free upgrade to EA 2.0                        Also .... PLEASE follow the instructions below in order for the functions to work properly. Introduction: The Phoenix Project (EA) Our Expert Advisor is both refined and practical. It is geared towards helping the traders be constantly aware of their risk PER trade while it helps them manage that risk.
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Metatrader4 Trailing Stop Loss Program Platform Compatibility: The Program is for METATRADER4 Platform. Functionality: This program will go through all open Forex Currency pairs trades on Metatrader4 and move their corresponding STOP LOSSES to a PROFIT position based on the parameters INPUT settings. Parameters and Example: Example Trade: EURUSD Long (BUY) trade @ 1.0800 STOP LOSS (-50 pips) @ 1.0750 TAKE PROFIT (+50 pips) @ 1.0850 Program Settings: WhenToTrail=20 PIPS; (Pips profit amount to a
MetaTrader4 Carry Trade FOREX Swap Rollover Indicator - Enhance Your Carry Trade Strategy Developed by a seasoned MT4 programmer and successful proprietary trader, this tool is designed to optimize your carry trade strategy. Key Features : Analyzes swap rollover values (in Points) for 63 currency pairs. Indicates whether to take a long (buy) or short (sell) position. Provides insights for generating positive rollover gains when holding trades overnight. Ideal for traders focusing on carry trade
Forex Algo GAP Trader with Trailing Stop Overview: This Forex Algorithm is designed for traders who use gap trading strategies. It identifies and executes trades automatically based on candlestick gap patterns, providing customizable options for risk management and a trailing stop feature. Key Features: Customizable Gap Threshold : Configure the minimum gap size in pips to trigger trades based on market conditions. Flexible Trading Direction : Choose whether to buy on gap-up or sell on gap-dow
MA Crossover Pro MT4 Program Key Features : Moving Average Crossovers : Leverage the dynamic nature of the market with precise buy and sell signals based on fast and slow moving average crossovers. Risk Management Settings : Take control of your trades with customizable risk management settings. Set Stop Loss and Take Profit levels according to your risk tolerance. User-Friendly MT4 Integration : Seamlessly integrate the program into your MetaTrader 4 platform. Effortlessly execute trades and m
Forex Trading Finance EA Indicator This expert advisor (EA) scans pre-selected currency pairs, CFDs, cryptos, and stock indexes to detect price movements based on user-defined parameters. It helps identify potential trade opportunities when the price rises by a certain percentage (suggesting a sell) or falls by a percentage (suggesting a buy). Key Features: Customizable Percentage Alerts : The EA monitors price changes for user-set percentage thresholds (e.g., a 10% rise or a 5% drop), providin
Automated Forex Trading Program - Stochastic Indicator Strategy with Customizable Settings Key Features: Stochastic Indicator Strategy : Utilizes a sophisticated trading strategy based on the stochastic indicator, which is a momentum oscillator. The algorithm identifies potential reversal points at overbought or oversold levels, providing precise trade signals. Customizable Settings : Adjust key parameters like stochastic periods, overbought and oversold levels, as well as Take Profit and Stop
Forex Stock Indexes Alerts EA - RSI & Price Index Expert Advisor (MT4) Forex Stock Index Price Alert & RSI EA for MT4 Condition: New Delivery: Electronic and free worldwide. Email required for delivery details upon purchase. What Does the Program Do? The program will alert the user when any of the 10 pre-selected stock index symbols (additional indices can be added upon request) meet specific criteria: AUS200 EUSTX50 FRA40 GER30 HK50 JPN225 UK100 NAS100 US30 US500 For example, if you set a pric
Stock Indices Candle Gap Volatility Tool Designed for traders who demand precise and comprehensive analysis of candle gaps across major global stock indices. this tool provides the critical data needed for informed decision-making. Key Features: Candle Gap Analysis: Automatically display the high-low (Hi-Lo) gaps on your chart for any selected timeframe, giving you a clear view of market volatility. Wide Range of Timeframes: Analyze candle gaps (Current Candles) over multiple timeframes, providi
Program Overview: This program is a trading tool designed to monitor and analyze the 7 major currency pairs. It is a variant of a similar program used for tracking stock indices, but this version focuses on the seven major currency pairs. The program helps in identifying and calculating significant price movements (gaps) between the high and low prices of these currency pairs over a specified time frame. It then provides insights through comments and alerts based on the calculated gaps. Major Cu
METATRADER4 This program is designed to monitor and evaluate the market performance of 21 minor currency pairs by tracking key metrics such as maximum spread and the time of occurrence. For each selected currency pair, the program calculates the current spread and compares it against the highest recorded spread. If a new maximum spread is detected, it updates the maximum value and logs the time. The spread information is  dynamically displayed. Additionally, every hour, the program prints out t
Forex Candle High/Low Alert Indicator Overview: Forex Candle High/Low Alert Indicator, designed to provide real-time insights and alerts for major currency pairs. This custom-built tool displays key High and Low values over a chosen number of candles and time frame, ensuring you stay informed about critical price movements and trends. (The candles observed are from the 1st candle back - The amount of the chosen number of candles) Key Features: Real-Time High/Low Tracking : The indicator dynamica
This MetaTrader4 tool monitors 21 minor currency pairs over a user-defined timeframe, displaying key PIVOT values along with SUPPORT Zones 1, 2, and 3, and RESISTANCE Zones 1, 2, and 3 for each selected pair. Users can choose to have this information optionally displayed on the chart ; however, logging of the data to the log file is always active and occurs periodically based on the selected timeframe. For example, when set to an hourly timeframe, data will be logged every hour; on a minute-base
Currency Pair Correlation Matrix & Alerts Tool Analyze correlations across major and minor currency pairs in real-time with Alerts for chosen amounts on positive and negative correlations coefficients where the user can specify the Time Frame and the number of candles to analyze within the Time Frame  This adds an added layer flexibility when calculating the coefficients. The time frames that you can select are below  PERIOD_CURRENT 0 Current timeframe PERIOD_M1 1 1 minute PERIOD_M5 5 5 minutes
Metatrader5 Trailing Stop Loss Program Platform Compatibility : This program is designed for the MetaTrader 5 platform. Functionality : The program scans all open Forex currency pair trades on MetaTrader 5 and adjusts their STOP LOSSES to a PROFIT position based on your specified input parameters. Parameters and Example : Example Trade : EURUSD Long (BUY) trade @ 1.0800 STOP LOSS (-50 pips) @ 1.0750 TAKE PROFIT (+50 pips) @ 1.0850 Program Settings : WhenToTrail = 20 PIPS (Pips profit amount to
METATRADER5 This program is designed to monitor and evaluate the market performance of 21 minor currency pairs by tracking key metrics such as maximum spread and the time of occurrence. For each selected currency pair, the program calculates the current spread and compares it against the highest recorded spread. If a new maximum spread is detected, it updates the maximum value and logs the time. The spread information is  dynamically displayed, providing insights into market conditions. Additio
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