This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
TrendLine Trade Robot
This MetaTrader 4 expert advisor automates trading based on trendline analysis.
GitHub stars1
Forks0
Last update7 years ago7 Jan 2019
LicenceNone stated
Overview
TrendLine Trade Robot identifies price trends within a specific lookback period and executes entries when price aligns with these detected structures. The robot manages risk through a percentage-based money management system, requiring a stop loss and minimum take profit for every position. It includes a trailing stop feature to secure profits as trades move favorably and uses a local file system to track open orders for persistence. The README is minimal, but the code structure points to a trend-following approach.
- Automated trendline detection and analysis
- Percentage-based risk lot sizing
- Integrated trailing stop functionality
- File-based order persistence and tracking
- Configurable price deviation and lookback settings
Details
Author
szczudlo6 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Source
Input parameters
Read from ROBOT_TrendLine.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MoneyRisk | double | 2.0 | |
StopLossLine | double | 100 | |
MinTakeProfit | double | 100 | |
CandleNumber | int | 1 | |
TrendLinePeriod | int | 35 | |
BarsLimit | int | 200 | |
TrendLinesNum | int | 5 | |
PriceDeviation | double | 50 | |
TrailingStop | double | 300 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone szczudlo6/TL from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts, and any .mqh files into the Include folder the code expects.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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