Trend Trader MT4

This EA trades according to your trendline. It can trade in several modes:

• will open only one trade and then be stopped
• trades only in the direction of the trendline
• opens more trades after each touch with the trendline
• trades in both directions
• it can place a pending order or open a market order

MT5 version: https://www.mql5.com/en/market/product/74901

See the screenshots below for a better understanding of its features.

Settings:

• StartTrading .. start of trading HH:MM
• EndTrading .. end of trading HH:MM
• TrendLineName .. the name of your trendline. if you do not enter then the first trendline in the chart is traded
• Use pending orders .. it can place a pending order or open a market order
  
• Only one trade .. will open only one trade and then be stopped
  
• Trade only in trend .. trades only in the direction of the trendline / trades in both directions
  
• Wait for distance .. the opening of the trade will be allowed when the market price moves away from the trendline
  
• MyTL_Color .. your trendline will be highlighted with this color
  
• Entry distance in Points .. the trade will be open at this distance from the trendline
  

:::::::::: Money management :::::::::::

• Lots .. trade size in lots
  
• Risk % by SL .. automatic lot calculation according to the entered risk and size of SL
  
• TP1 Lot % .. can only close part of the trade at this size
  
• TP1 in Points .. can close only part of the trade in this profit
  
• TP2 in Points .. close the trade in this profit
  
• SL in Points .. close the trade at this loss
  
• SL to BE .. in this profit move the SL to the opening price
  
• TP to BE .. in this loss move the TP to the opening price
  
• BE + Points .. SL / TP move to the opening price plus this profit
  
• TrailingSL_Start .. It starts to move SL in this profit
  
• TrailingSL .. this will move the SL at that distance
  
• TrailingSL_Step .. It will move SL in this step
  

:::::::: Other ::::::::

• Photo to .../MQL4/Files/ .. saves a screenshot of the chart when opening a trade
  
• Chart to top .. show the chart when opening a trade
• SoundAlarm .. sound signal when opening a trade
• Alarm_Wav="alert.wav"; .. sound file
  
• Send e-mail (by MT4-Tools/Options/) .. when opening or closing a trade
• ShowTrade