Expert Advisors and Indicators for MetaTrader 5

Here you will find many programs for the MetaTrader 5 trading platform, which save the trader from routine operations and help him concentrate only on the really important things

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MetaTrader 5

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Trendline Trader MT5

trendline-trader-mt5-logo-200x200-6017
250.00 USD177.50 USD

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Information

Experts
MetaTrader 5
Sugianto
1.68
20

Overview

Trendline Trader was created to make it easier to train forex trading skills in backtester and at the same time make it easier to live trade using trendlines.
Superiority:
+ Can be used for full auto or manual trade as well.
+ Can be used to perform recovering loss positions made by other ea or positions that open manually. Fill in magic number=0, then the ea will automatically recognize all open positions in the symbol/currency.
how to use all of its features: here and here | MT4 Version: here

Expert parameters:
1. Open Position Management
+ Continue New Cycle: If False, then the Expert Will Only Manage The Remaining Open Positions and Will Not Open New Positions When All Positions Have Been Closed.
+ Open Position Mode: Select the open position method
+ Reverse for Auto Trendline(AT): Reverse the signal
+ Buy/Sell/Stoploss/Takeprofit on New Bar or Every Tick : Only for open position mode manual trendline and SAT Hilo One Candle
+ Delete trendline after opening a position: set false for continuous pending orders.

2. Hilo One Candle
+ Hilo One Candle timeframe: select timeframe (D1, W1, MN1)
+ Minimum Hilo Range to Start Pending Orders (in pips): minimum High and Low Range to start pending orders
+ Distance of pending orders from the current price (in pips): Distance in pips
+ Step size to move pending order (in pips): Step for trail the pending order

3. Hilo X Candle Parameter
+ Hilo X Candle: History Candle to analyze
+ Apply donchian formula : Use Donchian formula to determine High and Low
+ MA Filter : Trend filter by Moving Average

4. Pivot Parameters
+ Range from Pivot Point, in pips: Distance from pivot point
+ MA averaging period: MA Filter

5. Lot and Money Management
+ 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

6. SLTP & Trailling Management
+ 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

7. Time Management
+ Trade Start Time: Time to start trade
+ Trade End Time: Time to stop trade

8. GRID Management
+ Use GRID: manage GRID
+ 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

9. Buy Grid Parameter
+ 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

10. Sell Grid Parameter
+ 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

11. Drawdown Reduction Management
+ Use Auto Close Partial, in money: drawdown reduction algorithm, in money
+ Choose Close Partial Method: Close partial buy & sell, Close partial buy / sell, close partial all.
+ Number of trade to activate partial close: Number of open positions to start applying partial close.
+ Minimum profit to close partial $: Minimum profit amount to do partial close, in money.

12. Trailling Money Management
+ Trailling (in money): Trail profit in money.
+ Trail Money All (in Percentage): Trail profit in percentage.

13. Others Management
+ Max Spread (in Pips): allowed spreads.
+ Coefficient (if Freeze = 0 Or StopsLevels = 0): Multiplier coefficient when freezelevel / stoplevel = 0
+ Magic Number: EA identifies open positions based on this magic number. Fill in 0 (Zero) so that ea can recognize all positions opened manually or by other eas.
+ Manage Continue New Cycle: stops new cycle at the specified hour and only manages positions that are still open. Timing use local time or vps time.


Note: In MT5 backtester, Trendline cannot be dragged like in MT4.


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