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Trendline Trader MT5

0.00

experts use trendlines to open places.

expert could be utilized in 2 manners:

Single entry, and

Grid

Open positions can be done in 2 ways:

Semi Automatic Trendline (SAT) and,

Automatic Trendline (AT)

how to use all of its attributes: https://www.youtube.com/watch?v=gkucve471tI

MT4: https://www.mql5.com/en/market/product/50161

Expert parameters:

Trade purchase: allow buy.

Trade Sell: allow sell.

Open ranking Mode: Select the open position method

eliminate the trendline after opening a position

Buy / Sell / Stop loss by Close Candle or Ask / Bid price

Distance from the current price, in pips

Distance of placing SLTP, in pips

True = Limit order, False = Stop order: reverse the signal

Hilo One Candle timeframe: Select Hilo One Timeframe

Minimum Range to Start Pending Order

Range size of pending order (in pips): Distance of pending order from the current price (in pips)

Range size to move pending order (in pips): Step size to move pending order (in pips)

Hilo X Candle: History Candle to anlyze

Range from Pivot Point, in pips: Distance from pivot point

Channel Period

Channel History Bar

AutoLot: use automatic lot calculation

Risk% (if AutoLot = true): risk per trade for calculation of the auto lot size.

if Autolot = false, fill in Start Lot: fill in the initial lot

Max Lots per Trade

Use Stop Loss, Takeprofit and Trailing: Use Stop Loss. takeprofit and trailling for single entry positions

Virtual Stop Loss (in pips): Stop loss in pips

Virtual Take Profit (in pips): Takeprofit in pips

Trailling Start (in pips): Trailling starts in pips

Trailling Size (in pips): Step trailling in pips

Profit to start move stop loss, (in pips): minimum profit to move stop loss to open price, in pips

Lock start, $: Minimum profit to start placing lock profit, in money

Lock stop, $: Minimum profit to close position, must be lower than Lock Start.

Minimum profit for close all $: Minimum profit to close all positions, in money.

Cut loss if loss $: close all positions when the cutloss target is reached, in money.

Cut loss by Drawdown (in percentage)

Cut loss if Drawdown%

Trade Start Time: Time to start placing pending orders

Trade End Time: The time the trading session ends

Close all positions at the End of Session

Use GRID: if Use Grid, set Use Stoploss, Takeprofit and Trailing = false

Lot Type: Select lot type

Multiplier for Martingale: Multiplier lot coefficient

Maxtrade: Max trade allowed

Recovery Mode: select a recovery method

Step (in pips): Distance to open the next position

Expanding Step Coefficient: step multiplier coefficient

Use Hedging Buy: Hedge buy positions

Use Pyramid Buy: Open a long position if the initial position is profitable

Use Averaging Buy: Open a long position if the initial position is losing

Buy Step (in pips): Distance to open the next long position

Expanding Step Coefficient Buy: buy coefficient multiplier

Use Hedging Sell: Hedge sell positions

Use Pyramid Sell: Open a short position if the initial position is profitable

Use Averaging Sell: Open a short position when the initial position is losing

Sell Step (in pips): Distance to open the next short position

Expanding Step Coefficient Sell: sell multiplier coefficient

Trailling (in money): Trail profit in money.

Trail Money All (in Percentage): Trail profit in percentage.

Use Auto Close Partial, in money: drawdown reduction algorithm, in money

Choose Close Partial Method: Close partial buy

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