Technical Indicators for MetaTrader 5

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MetaTrader 5

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Master Trendline

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50 $38 $

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Information

Utilities
MetaTrader 4
Genesis Hafalla
1.0
20

Overview

This EA utility opens trade when price touches trend line on your chart.

How to use in 2 steps?

  1. Attached this utility on your chart with your desired parameters  and risk management settings set.
  2. Draw a line using "Horizontal line tool" or  "Trend line tool" on your chart.

Rules:

  • You can draw a minimum of 1 line and a maximum of 2 lines  in the chart.
  • It will only trade once on a symbol when it touches the line.
  • You need to have a  fundamental knowledge about trend line trading.

Parameters:

  • MagicNumber -  return an identifying (magic) number of the currently selected order.
  • Trend Line Strategy - The Option to choose, 
    1.  A: Break Out Trend Line - will open buy when it crosses above 1 line or when it crosses above the Upper line,  will open sell when it crosses below 1 line or when it crosses bellow the lower line.
    2.  B: Reversal Trend Line  - will open sell when it crosses above 1 line or when it crosses above the Upper line,  will open buy when it crosses below 1 line or when it crosses bellow the lower line.
  • Trail Stop Pips (0 to Deactivate) - Will move stop loss if price moves in favor.
  • Delete Line - if set to true, it will delete trend lines after a trade is open.
  • Max Spread points  - the maximum spread you allow to open a trade.
  • EA_Comment - input comment in trade.
  • ~~~~~Risk Settings~~~~~
  • TradeSize - input initial lot size.
  • Loss Factor - wil multiply lot size if last trade is loss.
  • Restart lot on consecutive losses - if consecutive losses is reached the next trade will open at initial lot size.
  • TPSL Pips or Average True Range(ATR) - the option to choose,
    • Use ATR as TPSL -  it will use ATR values as measurement on placing TP and SL.
    • Use PIPS as TPSL    it will use Pips values as measurement on placing TP and SL.
  • ATR Settings------------------------------------------------------
  • TP ATR Size Multiplier - Multiplies ATR size to use as TP.
  • SL ATR Size Multiplier  - Multiplies ATR size to use as SL.
  • ATR Period -  Input ATR period value.
  • Pips Settings------------------------------------------------------
  • TP_Pips -  Input pips to use as TP.
  • SL_Pips   Input pips to use as SL.
  • Alert Settings - It will alert you every time it opens a trade.
  • Send_Email 
  • Audible_Alerts 
  • Push_Notifications

if you have more questions just send me a private message here in MQL, thank you.

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