Trade Trendlines EA MT5

Eaproducer.com
Dec 15, 2023
4 min read

Updated: Mar 26

A very special forex trading robot for manual traders. It's more like a semi-automated trading system, because all you need to do is draw desired levels on the chart, and the EA will do the rest of it. Using this particular "Trade Trendlines EA MT5", you're able to draw trend lines on the chart as needed, and the EA will open buy or sell trades once the lines have been crossed. Application scenarios are endless: it may be a channel, a double channel, support and resistance levels, an uptrend or downtrend, and many others.

Buy trade: You have to select the color of the trend line. For example, to use the "Lime" color, simply manually draw a trendline on the chart and ensure that the colors match. Once the line is crossed, EA opens the buy trade. Very easy and fast.

Sell trade: You have to select the color of the trend line. For example, to use the "Magenta" color, simply manually draw a trendline on the chart and ensure that the colors match. Once the line is crossed, EA opens the sell trade. Very easy and fast.

The trend line can't be drawn like this. In this case, EA wouldn't be able to open any trades.

This is the correct example of how trend lines have to be drawn on the chart. EA will open trades properly.

In this example, a trend line is drawn in the "magenta" color, and a sell trade option is selected. In this example, we can see that the line has been crossed and the sell trade has opened.

In this example, a trend line is drawn in the "lime" color, and a buy trade option is selected. In this example, we can see that the line has been crossed and the buy trade has opened.

It's possible to draw as many lines as you need to. Endless possibilities.

Input menu of the "Trade Trendlines EA MT5."

I hope that all is nice and clear.

The settings of the EA:

Lot management options: choose one of the three lot managements and set it to true; the other two must be set to false.

Fixed lot: a simple fixed lot that is applied for each trade.

Martingale: start lot and a multiplier, EA will use a lot multiplier if the previous trade was in loss.

Risk management: select your desired risk percentage per trade, and the EA will automatically calculate the risk size. Stop loss must be used.

Trade comment: use it if you want to add a comment for each trade separately, for example, "Trade Trendlines EA MT5".

Stop loss pips: set a stop loss in pips that will be used for each trade separately.

Take profit pips: set a take profit in pips that will be used for each trade separately.

Max open trades: for example, 10; this will result in a maximum of 10 trades being open at any given time.

Close trade opposite signal: use it if you want to close a trade with an opposite signal.

Break even:

Pips on profit to enable: when the desired pips are reached, the break even is applied.

Offset pips from open price: the distance from the trade's open price; for example, by adding an extra 2 pips, you can avoid the size of the spread.

Trailing stop:

Trailing start pips: once the trade reaches this amount of profit, the trailing stop is activated.

Trailing stop pips: the trailing stop distance from the stop loss to the current price.

One trailing step: It's basically how often you want to refresh the trailing stop.

Trading time settings: simply select the time and weekdays on which you wish to trade.

Spread filter: Set the maximum allowable spread size in pips, and the EA will check it before starting the trade. If the spread size is too large, the EA won't place any new trades.

Email and smartphone app notifications: set it to true if you want to get a notification about each new trade.

Magic number: use the magic number rule if this EA is used in more than one chart. Read more.

Download the demo version of the "Trade Trendlines EA MT5" and try it before purchasing this forex trading robot.

After you have downloaded the files, insert them properly. Read more.

EA has the most used features; we don't want to add too much stuff to the original EA. So we offer custom updates for any of our EAs. You can easily order a custom update and adapt this EA to your specific needs. Contact us, and we will add some basic features for free after your purchase.

If you have any questions simply contact us and we will answer all your questions.

You're just one click away from having this Forex EA!

Price £: 100

Payment methods: Credit Card, Debit Card, PayPal, Skrill, Apple Pay, other.

EA delivery time: Within 1-7 hours. All purchased EAs are sent manually to your email address by our team. Once you have completed the payment, please contact us, and we will deliver your purchased EA to your email address as soon as possible.

Premium long-term support: We're available 24/7. Any issues are always solved.

Activations: Unlimited accounts. You have a lifetime license with free future updates.

Compatibility: Our EAs can be used with any symbol and timeframe.

Custom updates: Yes, we can offer any custom updates for our original EAs, so you can adapt the EA to your specific needs. We're very versatile.