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the FXTT Trendline Expert Advisor for MT5 is a robot that helps you trade with trend lines drawn on your graph.

In essence, it allows you to set pending orders with trend lines. one thing that isn’t available in MetaTrader by default.

  • Easy setup
  • Select valuesLot size, stop loss andThe take-profit by default
  • permits you to perform tasks whenTouch, Pullback, Breakout or False Breakout of the trend line

using and configuring the Expert Advisor is as follows:

  • Download the Expert Advisor
  • tug your trendlines on the graph
  • Add actions for the sale or purchase of your trend line
  • If desirable , you can configure specific actions for each line
  • Let the expert manage your trades

  • Enabled – enable the Expert Advisor
  • Magic Number – the magic number for all open orders.
  • Maximum Slippage (in points) – the maximum allowed slippage (in pips) for open orders.
  • Default Stop Loss (in points) – the default stop loss value in points, which is used if the trend line does not have this value specified.
  • Default Take Profit (in points) – the default take profit value in points, which is used if the trend line does not have this value specified.
  • Default Lot Size – the default lot size, which is used if the trend line does not have this value specified.
  • Type of breakout ‚Äď for breakout events, a method for determining breakouts:
    • On close of candle-the order will be opened only after the closing of the candle that broke the trend line.
    • 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 the 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 EA will consider a breakout.
  • Buy Type-Triggers a custom buy action (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 closing of the candle that broke the trend line.
  • 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.
  • The use of the robot carries the risk. First of all, you need to test it on a demo account to understand how it works.

  • Buy / bot | buyontouch-buy on tap
  • Sell | SoT | SellOnTouch – selling when you touch
  • BoB | BuyOnBreakout – buy at the break
  • SoB | SellOnBreakout – selling in the breakdown
  • BoPB | BuyOnPullback – buy during the pullback
  • 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 touching
  • 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

Available here

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Published

11 January 2018

Updated

25 March 2019

Current Version

2.3

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Andreas Dlabka January 12, 2021 11:36 am
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Very good EA!
Thank you…

Victor Martin Schenker January 12, 2021 11:36 am
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