FXTT Trendline EA (Expert Advisor) for MT4: Automated Trendline Trading
The FXTT Trendline EA is an advanced tool for MT4 that allows you to trade using the trendlines drawn on your chart. It simplifies the process of setting pending orders with trendlines, a feature that Metatrader 4 does not support by default. This Expert Advisor (EA) enhances your trading strategy by enabling automatic actions based on trendline interactions.
What is FXTT Trendline EA?
FXTT Trendline EA is a semi-automated trading robot that helps you execute trades based on trendlines you draw on your MT4 charts. The EA will not take trades on its own unless you instruct it to. It’s designed to assist with efficient order placement and trade management.
Key Features:
Trade Execution Based on Trendlines
Open Buy or Sell orders when the price reaches a trendline, giving you a more structured approach to trend-following trades.
Order Management
Close Buy, Sell, or all orders at your discretion, giving you flexibility to manage your trades effectively.
Customizable Trade Settings
Set Lot size, Stop Loss, and Take Profit parameters when opening an order, allowing for tailored risk management.
Multiple Event Triggers
Detect price movement through different events such as Touch, Pullback, Breakout, or False Breakout, for more precise trading strategies.
Multiple Orders per Trendline
You can set one or multiple orders per trendline. This means new orders can open automatically once the previous ones close.
Customizable Buy Triggers
Choose when to trigger a Buy action (when the Bid or Ask touches the trendline), providing more control over entry points.
Support for Trailing Stop and Breakeven Stop
Manage trades with advanced stop settings to lock in profits as the market moves in your favor.
Alerts and Notifications
Receive alerts when price touches the trendline via email, push notifications, or alerts directly on the chart, keeping you informed at all times.
How It Works:
Open Your Chart: Start by opening your MT4 chart.
Draw Trendlines: Manually draw the trendlines where you want to monitor price movements.
Define Actions: In the trendline properties page, set the desired actions that the EA should take once price interacts with the trendline.
Set It and Forget It: Once everything is set, you can go about your day while the EA monitors the trendlines and executes your orders based on your defined conditions.
Why Use FXTT Trendline EA?
Efficient Trendline Trading: Automates the process of using trendlines for trade execution, making it easier to follow your strategy without constantly monitoring the charts.
Customization and Control: With customizable lot sizes, stop losses, take profits, and triggers, the EA allows for flexible trade setups suited to your strategy.
Alerts and Notifications: Stay informed about key price movements without constantly checking the charts, allowing you to focus on other aspects of your trading or day-to-day activities.
With FXTT Trendline EA, you can enhance your trading by automating orders based on trendline interactions, offering a more efficient and streamlined way to trade the markets.
