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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