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The FXTT Trendline Expert Advisor for MT5 is a robot that helps you trade using trend lines drawn on your chart.

In essence, it allows you to set pending orders using trend lines. Something that is not available in MetaTrader by default.

  • Easy setup
  • Select valuesLot size, Stop loss andDefault Take profit
  • Allows you to perform actions whenTouch, Pullback, Breakout, or False Breakout of the trend line

The use and configuration of the Expert Advisor is as follows:

  • Download the Expert Advisor
  • Draw your trend lines on the chart
  • Add actions for the purchase or sale of your trend line
  • If desired, you can configure specific actions for each line
  • Let the expert manage your trades
The free version does not allow trading It only allows alert commands

  • Enabled – enable the Expert Advisor.
  • Magic Number – the magic number for all open orders.
  • Maximum Slippage (in points) – the maximum allowable slippage (in pips) for open orders.
  • Default Stop Loss (in points) – the default stop loss value in points, which is used if this value is not specified for the trend line.
  • Default Take Profit (in points) – the default take profit value in points, which is used if this value is not specified for the trend line.
  • Default Lot Size – the default lot size that is used if this value is not specified for the trend line.
  • Type of breakout ‚Äď for breakout events, a method for determining breakouts:
    • On close of candle-the order will be opened only after the candle that broke the trend line is closed.
    • On distance in pips-the order will be opened as soon as the price breaks the trend lines by the number of pips specified in “Breakout distance in pips”.
  • Breakout distance in pips ‚Äď breakout distance in pips, used only when the “On distance in pips” option is enabled. This parameter allows you to specify the distance from the trend line in pips, which the Expert Advisor will consider a breakout.
  • Buy Type ‚Äď a custom action to buy (when the Bid or Ask price touches the trend line).
  • Reentry Type-Allow one order per trend line (open a new order after closing the previous one) or several.
  • Minimum shift for false breakouts – the number of pips that the price must pass after the trend line to trigger the action for false breakouts.
  • Popup Alerts-Show a popup alert every time the price reaches the trend line.
  • Email Alerts-Send an email notification every time the price reaches the trend line.
  • Send push notifications-Send a push notification every time the price reaches the trend line.
  • Sound Alerts-Play a sound alert every time the price reaches the trend line.
  • Sound file name – wav file to play as an audio signal.
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  • On close of candle-the order will be opened only after the candle that broke the trend line is closed.
  • On distance in pips-the order will be opened as soon as the price breaks the trend lines by the number of pips specified in “Breakout distance in pips”.

  • This Expert Advisor is a tool that helps in your trading. It doesn’t work without user intervention.
  • Using a robot carries a risk. First of all, you need to test it on a demo account to understand how it works.

  • Buy | BoT | BuyOnTouch – buy when you touch
  • Sell | SoT | SellOnTouch-sell on tap
  • BoB | BuyOnBreakout the purchase of the breakdown
  • SoB | SellOnBreakout – sell at breakout
  • BoPB | BuyOnPullback – buy when you roll back
  • SopB | SellOnPullback-sell on rollback
  • BoFB | BuyOnFalseBreakout-buy at a false breakout
  • SoFB | SellOnFalseBreakout-sell at a false breakout
  • CaB-close all buy orders on tap
  • CaS-close all sell orders on tap
  • CaO-close all orders on tap
  • CP-close part of the order volume when you touch it
  • Alert | AoT | AlertOnTouch-Send an alert every time the price reaches the trend line
  • AoB | AlertOnBreakout-Send an alert every time the price breaks the trend line up or down
  • AoP | AlertOnPullback-Send an alert every time the price bounces and touches the trend line
  • AoFB / AlertOnFalseBreakout-Send an alert every time the price makes a false breakout and returns to the trend line

  • TakeProfit | TP-take profit
  • StopLoss | SL-stop loss
  • Volume | Vol | V – volume

  • BoB SL:100 TP:200 V:0.05
  • Alert trend line reached

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Published

17 July 2018

Updated

Current Version

1.122

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