Trendline Trader Pro allows a trader to uniquely configure each trendline for autotrading based on specific pre-defined market conditions. This allows a trader to trade multiple price action scenarios including buying dips, selling rallies and trading breakouts from numerous types of support and resistance levels defined by trendlines.
Trendline Trader Pro does not automatically draw trend lines on charts - it requires the trader to draw the trendline through whatever support or resistance levels they have previously identified using technical analysis. If you would like to become more familiar with support and resistance techniques please refer to our video tutorial series 'Zero to Hero'.
Trendline Trader Pro can be used to trade horizontal levels by simply drawing flat trendlines and can also be configured to scale in (increase the lot size of an existing position) or scale out (reduce the lot size an existing position).
FX AlgoTrader market three automated trend trading systems for the MetaTrader 4 trading platform. The key differences between each system are
detailed in the table below.
Trendline Trader 1 | Trendline Trader 2 | Trendline Trader Pro | |
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Target Audience | Entry Level Traders | Intermediate Traders | Advanced Traders |
JavaFX Control Interface | |||
Auto detection of trend lines on chart click | |||
Number of Trading Behaviours | 1 Touch Buy and Sell only |
3 Touch Break (Touch) Break (Close) |
6 Touch Retrace Break (Touch) Break (Close) Break (Close X Candles) Break (Close in defined Range) |
Number of Take Profit Targets | 1 | 2 | 4 |
Trailing Stop | With option to begin trailing after X pips |
With option to begin trailing after X pips and Move Stop Loss to Break Even after X pips in profit |
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OCO (One Cancels the Other) | |||
Filters | ADX, RSI, Momentum MACD, Volume, Stochastic |
ADX, RSI, Momentum MACD, Volume, Stochastic |
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Maximum Number of simultaneous MT4 accounts | Unlimited | Unlimited | Unlimited |
Fully automated Trading (Once configured) |
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Integrated Risk Management System |
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Comprehensive Trading Behaviours:- |
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Unique Java FX graphical user interface for unrivalled rapid configuration and deployment |
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Trade independent strategies from unlimited numbers of trendlines per chart |
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On chart stop loss and take profit level adjustment |
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Advanced stop loss to break even Functionality |
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Targetting/trigger grid for visual stop loss & take profit setup with visible trigger channels |
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Multiple order exit strategy with up to 4 individual exits |
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5 Oscillator based filter options |
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Up to 50 trader defined profiles for 2 click strategy deployment |
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OCO (One Cancels the Other) order management |
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Plain English configuration options! |
Please read the Installation Guide and License Agreement before purchasing
$219.95 USD One Time Fee with free Technical Support (no ongoing charges) |
Please read the Installation Guide and License Agreement before purchasing
$219.95 USD One Time Fee with free Technical Support (no ongoing charges) |
Auto trade in MetaTrader 4 from pre-configured trendlines without needing to be present |
Ultra fast strategy configuration and deployment using a unique, plain English driven java interface |
The flexibility to create MULTIPLE, independent trading strategies and re-deploy them in seconds using trader defined profiles |
Control multiple MetaTrader 4 Accounts from the same interface! |
No license management limitations - run on unlimited MT4 accounts |
Ultimately automated trendline trading systems can be used in rangebound and trendling market conditions. With this in mind it is always useful to be able to see what the market is doing before you deploy an automated trendline trading strategy. Picking the optimum pair for a trend based automated trading strategy would be greatly assisted by index analysis (in the case of forex) and range analysis data.
The Forex Currency Strength Meter is a complimentary tools when used in conjunction with Trendline Trader Pro and allows traders to very quickly identify the optimum pair selection..
Please read the Installation Guide and License Agreement before purchasing
$219.95 USD One Time Fee with free Technical Support (no ongoing charges) |
RISK DISCLOSURE
The products on this site are trading tools and are not intended to replace individual research or licensed investment advice. Past performance does not guarantee future results. Trading currencies, indices or commodities involves substantial risk, and there is always the potential for loss. No representation is being made that these products will guarantee profits or not result in losses from trading. Any explanation or demonstration of the product's operation should not be construed as a trade recommendation or the provision of investment advice. The purchase or sale of a currency can only be performed by a licensed Broker/Dealer.