E Trend Line Trader V2
E Trend Line Trader V2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to automatic trendlines and following the trend. This copy is version 2. It places pending orders. It has 15 settings, for example tmp1 (default --- Trade params ---), Market Execution (default false) and Acc Digits (default 5). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v2 · Free
About E Trend Line Trader V2
E Trend Line Trader V2 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders. It has 15 settings, such as Tmp1, Market execution and Acc digits. MQL source code included.
Files in the download: e-TrendLineTraderV2.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Tmp1 | --- Trade params --- | |
| Market execution | false | |
| Acc digits | 5 | |
| Lots | 0.01 | Trade size in lots |
| Stop loss | 100 | Stop loss distance |
| Take profit | 100 | Take profit distance |
| Pips range from line | 10 | |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Magic | 20100620 | Magic number that tells this EA's orders apart |
| Tmp2 | --- TrendLine params --- | |
| Long trend line descr | LTR | |
| Short trend line descr | STR | |
| Tmp3 | --- Chart --- | |
| Cl buy | Blue | |
| Cl sell | Red |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Trend · Pending Orders · MT4 Expert Advisor · MQL4 Source Code