Trendline EA – Automated Trading Robot

39.00$

Stop waiting for price to move. Stop losing hours in front of the screens because you never know when price will reach your desired levels.

  • Open Buy/Sell order when price reaches the trendline
  • Close Buy/Sell/All orders
  • Set Lot size, Stop Loss and Take Profit upon opening of order
  • Multiple events available to detect the movement of price (Touch/Pullback/Breakout )
  • Allow one or multiple orders per trendline (open new order after close of the previous)
  • Customize Buy action triggers (when Bid or when Ask touches the trendline)
  • Display Alert messages, send Email or Push Notifications when price reaches the trendline
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Description

The FXTT Trendline EA (Expert Advisor) for MT4 (Metatrader 4) is a robot that helps you trade using the trendlines drawn on your chart. This robot allows you to set pending orders using inclined lines while Metatrader does not allow you to do this by default.

What is it not?

This is not an automated trading robot that will work without user intervention. This robot will not take any trades unless you specifically instruct it to.


How it works

  1. Open your chart.
  2. Draw your trendlines,
  3. On the properties page of the trendline, define the desired action to take.
  4. Go about your day.

Example of a Buy on Breakout command


Trendline EA Features

You only have to change the description of the trendline to the action that you wish to perform and the robot will do the rest.

  • Supported Actions:
    • Open Buy/Sell order
    • Close Buy/Sell/All orders
    • Set Lot size, Stop Loss and Take Profit upon opening of order
  • Perform action upon event:
    • Touch
    • Pullback
    • Breakout
    • False Breakout

Here are some examples of supported actions:

Trendline EA supported commands
Trendline EA supported commands
Trendline EA supported commands
Trendline EA supported commands

Even more features

  • Supports multiple trendlines on the same chart.
Multiple Trendlines
Supports Multiple Trendlines with different actions and SL/TP all on the same chart.
  • Alert when price reaches a trendline (with optional message)
    • Popup alert
    • Email
    • Push notification
    • Sound file
  • Close (instead of opening, use a trendline to close orders on touch of trendline)
    • Buy orders
    • Sell orders
    • Any

And several options available to configure the EA:

Trendline EA Settings version 1.83
Trendline EA Settings
  • Allow one or multiple orders per trendline (open new order after close of the previous)
  • Customize Buy action triggers (when Bid or when Ask touches the trendline)

    Carlos Oliveira Cartoon

    Check out my blog post on How to trade using trendlines for some tips on how you could use this Expert Advisor.

    There are no back-testing results available because this MT4 Expert Advisor is a trading tool that does not work without user intervention.


Purchase includes

  • Lifetime technical support
  • Free software updates
  • Expert Advisor file

Warranty

60 days money back

I know you’ll love this robot as much as I do. In fact, if for any reason you’re not completely satisfied, just contact me and I’ll issue a full refund.

Warning

Using a robot carries risk. Please check the documentation guide before using this robot on a live environment. You should test it on a demo account FIRST to understand how it works. All updates and support issues are free of charge and available to all users. Any suggestions or issues please don’t hesitate to contact me


FAQ

  1. Is it possible for the same trendline to take multiple commands?
    R: Yes, it is possible. The EA supports multiple commands for each trendline. For example, it can be something like this: “CaS BoT SoB

  2. If I take a manual trade, can I afterwards use a trendline to close the trade?
    R: Yes, if you configure your EA to have the Magic Number as 0, you can use it to close manual trades.
  3. What is the purpose of the “Buy Type” option in the EA?
    R: This option refers to the detection of the touch of the trendline in order to trigger a Buy order. Basically you can choose if the touch is considered when the Bid touches the trendline, or when the Ask touches the trendline. Like this:
    Buy on Ask vs Buy on Bid

Changelog

    • Version 1.83 (2017.12.19)
      • Implemented new action: Buy/Sell on False Breakout
      • Performance improvements
      • Bug fixes
    • Version 1.70 (2017.11.02)
      •  Added feature to allow multiple actions per line.
      • Added “ReentryType” option that allows multiple entries per line.
      • Added “BuyType” option to choose the detection of BUY actions (on ASK or on BID).
      • Added Alert options for Popup, Email, Push Notification and Sound
      • Fixed bug where horizontal lines would not trigger the defined actions
      • Several minor bug fixes
    • Version 1.20 (2017.08.24)
      • Small bug fixes
    • Version 1.10 (2017.08.14)

 Carlos Oliveira cartoon

Since I am also a user of this tool, I’ll be glad to hear your suggestions. Let me know if you have any ideas or improvements.

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