Draw a buy or sell trendline on your MT5 chart and the TrendlineTrader EA watches it 24/5, entering on touch, cross or bar close with break-even and partial closes built in.
Draw your lines, name them buy and sell, and let the EA handle the execution.
The EA watches one buy line and one sell line, matched by exact name (buy and sell by default, or your own names). The panel shows each line as armed, triggered or not found.
Touch (price reaches the line), Cross Price (price crosses it) or Bar Close (a bar closes beyond it). One mode applies to both lines.
Move or redraw a line and the EA re-arms it for a new entry automatically. Changing the chart timeframe does not.
Moves your stop to entry plus a small buffer at an R level, a profit in points or a price you set. It only ever tightens a stop.
Bank part of the trade at two levels and let the rest run. R levels use the original stop, so they still fire after break even. Below your broker's minimum lot, a partial is skipped, never turned into a full close.
A touch cooldown stops repeat entries on the same line, and a minimum gap between trades stops overtrading on volatile moves.
Set a maximum total risk across open positions. The EA will not enter if the cap would be breached, or if a position has no stop loss.
Only enter between the hours you set (server time), so the EA stays quiet through low-liquidity periods.
An MT5 alert and, if you want it, a push notification to your phone whenever the EA enters a trade.
Three simple steps to automate your trendline trading.
Download the .ex5 file from My Account → My EAs and copy it into your MT5 Experts folder. No compiling needed.
MQL5/Experts/Allow https://license.elliottwaveinsight.co.uk under Tools → Options → Expert Advisors → Allow WebRequest. Attach the EA, paste your licence key into Licence Key and set your risk.
Licence Key → OKDraw a trendline, open its Properties and name it buy or sell. The panel shows it as ARMED and the EA watches it from the next tick.
buy · sellNo standalone purchase. TrendlineTrader EA comes with the Starter plan and above.
TrendlineTrader EA
Included with Starter and above.
No. TrendlineTrader EA is built for MetaTrader 5 only. MT4 does not support the MQL5 language or the WebRequest functionality required for licence validation.
Each key covers one MT5 account at a time. To switch accounts, for example from demo to live, contact support and we will move your key. If you need more accounts, get in touch.
The EA checks your licence every 6 hours. If our licence server cannot be reached it keeps working for up to 72 hours from the last successful check. After that it stops taking new entries until it reconnects, but it always keeps managing the trades it has open.
Double-click the trendline to select it, then right-click → Properties and set Name to exactly buy or sell (or the names you set in the Buy trendline name and Sell trendline name inputs). Names must match exactly, including capitals. The panel shows NOT FOUND until the name matches.
Trading foreign exchange, indices, metals and other instruments carries a high level of risk and may not be suitable for all investors. The TrendlineTrader EA is a tool to assist trade execution and does not constitute financial advice. Past performance is not indicative of future results. Always trade with risk you can afford to lose.
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