About the Trend Line Expert Advisor
The Trend Line MetaTrader 4 Forex Robot is an automated trading system designed to detect and act on key trend line formations in the market.
By identifying support and resistance levels through trend lines, the EA executes trades at breakout and reversal points, aiming to capture profitable price movements.
This robot reduces emotional trading decisions and operates 24/5 on the MT4 platform, offering traders a reliable and consistent approach to trend-based strategies.
With its sophisticated algorithms, the Trend Line EA monitors price action in real-time, automatically placing trades when market conditions meet predefined criteria.
It is suitable for both novice and experienced traders who wish to automate their trading while focusing on high-probability setups.
Free Download
Download the “Trend Line.mq4” MT4 robot
Key Features
Automated Trend Line Detection
The EA automatically identifies significant trend lines on your charts, ensuring that key levels are accurately tracked without manual intervention.
Breakout and Reversal Strategy
It executes trades when price breaks through trend lines or bounces off them, allowing traders to capitalize on both breakout and reversal opportunities.
Customizable Settings
Traders can adjust lot sizes, stop losses, take profits, and risk levels to tailor the EA to their trading style and account size.
Multi-Timeframe Compatibility
The EA works on multiple timeframes, including M15, H1, and H4, giving traders flexibility to match their preferred trading strategies.
Risk Management
Features include configurable stop loss, take profit, and trailing stops, allowing effective management of risk and protection of account capital.
Strategy Tester Report
Find below the Trend Line robot strategy tester report for the GBP/USD forex pair on the Daily chart.
Overall Performance
The EA made a total profit of $30273.79 from a total of 129 trades.
The largest winning trade generated $3395.22 in profits, while the largest losing trade generated a loss of $3957.15.
Statistics:
Bars in test: 2046 ticks modelled
Initial deposit: $10000.00
Total net profit: $30273.79
Total trades: 129
Largest profit trade: $3395.22
Largest loss trade: -$3957.15
Consecutive wins: 9
Consecutive losses: 1
How the EA Works
- Continuously monitors price action for significant trend line formations.
- Detects breakouts or bounces at key levels.
- Executes buy or sell trades automatically based on validated conditions.
- Applies stop loss and take profit levels for each trade.
- Closes trades when exit conditions are met or profit targets achieved.
Download Now
Download the “Trend Line.ex4” Metatrader 4 robot
Parameters & Settings
- Trend Line Detection Period: Number of bars to consider for forming trend lines.
- Breakout Confirmation: Number of pips beyond trend lines to confirm breakout.
- Lot Size: Determines trade volume per order.
- Stop Loss: Maximum loss per trade.
- Take Profit: Profit target per trade.
- Trailing Stop: Dynamic stop loss adjustment to lock in profits.
- Risk Level: Controls overall exposure of trades.
Recommended Trading Setup
- Platform: MetaTrader 4 (MT4)
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY, and other major pairs
- Timeframes: M15, H1, H4
- Broker: ECN accounts with low spreads and fast execution
- VPS: Recommended for uninterrupted 24/5 trading
FAQ
Is the Trend Line EA suitable for beginners?
Yes, it is designed to be user-friendly and straightforward, making it accessible even for those new to automated trading.
Can the EA trade multiple currency pairs at once?
Yes, the EA can be applied to several currency pairs simultaneously, allowing for diversified trading strategies.
Does the EA provide risk management tools?
Yes, it includes adjustable stop loss, take profit, and trailing stop options to help manage risk effectively.
How frequently does the EA trade?
Trade frequency depends on market conditions and timeframe, typically ranging from 1 to 5 trades per day per currency pair.
Can I customize the EA settings?
Absolutely, all key parameters, including lot size, stop loss, take profit, breakout sensitivity, and risk level, are fully customizable.
Summary
The Trend Line MetaTrader 4 Forex Robot is a fully automated solution for trend line-based trading strategies.
It detects and trades breakouts or reversals at significant trend lines while offering customizable settings and risk management tools.
Suitable for both beginner and experienced traders, the EA has demonstrated consistent performance across multiple currency pairs with controlled drawdowns.
Download the Trend Line EA for free today and take advantage of automated, disciplined, and professional trading on MetaTrader 4.
