The trend line forex robot helps you to trade upward and downward trend line breakouts on autopilot. This EA can be used on any currency pair and timeframe.
How to use?
First step: find and draw interesting trend lines that you want to trade on the MT4 chart (see image below).
Second step: open the EA properties and set the profit target (pips) and stop loss level (pips), default levels are 50 pips.
Optional: Take a look at the other input levels and modify to meet your needs.
Buy order: The trend line forex robot will open a buy order when the price breaks above the upper trend line. The robot will close the open trade either at the profit target level or stop loss (you can use a trailing stop to lock in profits).
Sell order: The trend line forex robot will open a sell order when the price breaks below the lower trend line. The sell trade will be closed at the PT or SL level (whatever comes first, or use the built in trading stop feature).
Currency pairs: any
Preferred Time frames: Suitable for 1 min charts and higher (adjust your target levels).
Download the trendlinealert.ex4 forex robot.
Configurable Expert Advisor Options
Lot size, profit target (pips), stop loss (pips), slippage, email alert, sound, mobile alert, trailing stop, trailing stop point, …