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Trend Line Metatrader 4 Forex Robot

    The Trend Line Metatrader 4 Forex Robot is an automated trading software that infuses the technique of a trend line drawn on the MT4 activity chart.

    It creates a set of trend line logic that triggers buy and sell market positions

    The EA takes away the problem of trader not drawing the trend line correctly when being done manually.

    It’s able to detect the market trend along with its strength and uses this set of information to open and close positions on autopilot.

    The Trend Line EA can also be used when trading in the direction of trending moves.

    Free Download

    Download the “Trend Line.mq4” MT4 robot

    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

    Download

    Download the “Trend Line.ex4” Metatrader 4 robot

    MT4 Forex Robot Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Expert advisor

    Input Parameters: TREND length (bars), TREND color, Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Momentum_Sell, Momentum_Buy

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Trend Line

    Installation

    Copy and paste the Trend Line.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Experts (paste here)

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