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Trendline Executor EA

Trendline Executor is a unique expert advisor for MetaTrader 4.

This EA will help you open your order based on your trendline or horizontal line in your charts.

You need to analyze the market by drawing trendline/horizontal line in your chart, then name it according to the setting (Name of your line).

Example :

After drawing trendline, rename the trendline to "sl". (without " ")

"sl" means Sell Limit, if price touches this line upward then this expert advisor will open an instant Sell order.

You can use your favorite indicator that produces trendline / horizontal line and combine it with this EA, so it works automatically for you. Just edit the parameters of this EA for the name of your trendline/horizontal line


Expert Advisor parameters

  • MagicNumber - unique number for identify each order for different currency pair
  • Slippage - maximum allowed price difference in pips to execute instant order by broker
  • Lots - lot size
  • Using_TrailingStop - activate the trailing stop function ( if YES then will activated Trailing Stop )
  • TrailingStop - distance in pips from current price to order open price to activate trailing stop
  • TrailingStep - distance that will move the stop loss

NameOfYourLine = :::Line name for open Buy/Sell:::

  • BuyStop_Line - name of trendline/horizontal line to activate buy order if price touches this line upward
  • BuyLimit_Line - name of trendline/horizontal line to activate buy order if price touches this line downward
  • SellStop_Line - name of trendline/horizontal line to activate sell order if price touches this line downward
  • SellLimit_Line - name of trendline/horizontal line to activate sell order if price touches this line upward

NameOfYourTakeProfitLine = :::Line name for TakeProfit:::

  • BuyStop_TakeProfit_Line - name of trendline/horizontal line to activate take profit of buy stop
  • BuyLimit_TakeProfit_Line - name of trendline/horizontal line to activate take profit of buy limit
  • SellStop_TakeProfit_Line - name of trendline/horizontal line to activate take profit of sell stop
  • SellLimit_TakeProfit_Line - name of trendline/horizontal line activate take profit of sell limit

NameOfYourStopLossLine = :::Line name for StopLoss:::

  • BuyStop_StopLoss_Line - name of trendline/horizontal line activate stop loss of buy stop
  • BuyLimit_StopLoss_Line - name of trendline/horizontal line to activate stop loss of buy limit
  • SellStop_StopLoss_Line - name of trendline/horizontal line to activate stop loss of sell stop
  • SellLimit_StopLoss_Line - name of trendline/horizontal line to activate stop loss of sell limit
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