TrendMeLeaveMe: Semi-Automated MT5 EA Utilizing Trend Lines
Info
The TrendMeLeaveMe: Semi-Automated MT5 EA Utilizing Trend Lines is a Expert Advisor for MetaTrader 5 that trendmeleaveme is a metatrader 5 expert advisor that operates semi-automatically using trend lines. Before initiating the EA, draw a bullish or bearish trend line.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use TrendMeLeaveMe: Semi-Automated MT5 EA Utilizing Trend Lines
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
TrendMeLeaveMe is a MetaTrader 5 Expert Advisor that operates semi-automatically using trend lines.
Typical Use Case
This Expert Advisor excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Trade Guardian: Advanced Stop Loss and Drawdown Management for MT4/MT5 - another powerful expert for MetaTrader 5 traders.
TrendMeLeaveMe is a MetaTrader 5 Expert Advisor that operates semi-automatically using trend lines.Also recommended: Exponential Fisher Transform X2 Trend Trading System - similar expert with strong performance on MetaTrader 5.
Before initiating the EA, draw a bullish or bearish trend line. Configure the EA's properties, launch it, and then you are free to attend to other tasks.
This is an automated EA. Initially, you need to draw an upward, downward, or horizontal trend line.
Name it 'buystop' or 'sellstop' and set the 'buystop_stepupper', 'buystop_steplower', 'sellstop_stepupper', and 'sellstop_steplower' parameters.
When the price enters the zone between your 'buystop' and 'buystop_steplower' levels, the EA will open a buy stop order, following the 'buystop_stepupper' price.
When the price enters the zone between your 'sellstop' and 'sellstop_stepupper' levels, the EA will open a sell stop order, following the 'sellstop_steplower' price.
The EA dynamically adjusts the opening price for both order types as the price moves with the trend until it exits the defined area.
You can customize 'buystop_stoploss', 'buystop_takeprofit', and 'buystop_lot' for buy stop orders.
Similarly, you can set 'sellstop_stoploss', 'sellstop_takeprofit', and 'sellstop_lot' for sell stop orders.
Visual examples are available on the charts.
You may also like: cs v exporter - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.