The Ultimate TrendMaster User Guide – Trading System – March 17, 2024
MT5 version
MT4 version
How does it work?
These professional advisors trade based on trend lines drawn on charts. Four types of orders are executed: Buy in an uptrend, Sell in a downtrend, Sell when touching the trendline in a downtrend, and Buy when touching the trendline in an uptrend.
If any of these conditions are met, the trendline will be deleted, regardless of whether the order is executed or not.
To use this, you need to rename the drawn trend line to “Buy”, “Sell”, “Buy Limit” or “Sell Limit”. These labels can be customized in Settings.
IMPORTANT: For correct functionality, you must select the “Ray” option in the trendline properties.
We recommend setting Magnet Sensitivity to 0 in your chart settings. Otherwise the trend line may change.
test
There are two ways to test: The first is to use the automatic trendline drawing feature found in Settings. When enabled, this line will appear in the tester. However, these lines are for testing purposes only and are not recommended for live trading due to their inaccuracy.
The second method is to rename the trend line drawn on the chart, save it as a template, and then load the template into Strategy Tester.
setting
Fix_Lot = 0.01: Use fixed lot size
Auto_Lot = False: Activates automatic lot sizing where the loss becomes a percentage of the balance when the stop loss is reached.
Risk_Percentage_of_Balance = 1.0: Risk Ratio Definition
Stop_Loss = 50.0: If auto lot is activated and stop loss is 0, no position will be opened.
Take_profit = 50.0
Use_ATR_for_SL_and_TP = False: Set stop loss and take profit based on ATR
ATR_period = 14.0
ATR_Multiply_SL = 4.0: The stop loss will be 4 times the ATR.
ATR_Multiply_TP = 6.0: Take Profit will be 6 times ATR.
Trailing_Stop = false: Enable trailing stop
Trailing_Stop_Start = 20.0: Trailing stop is activated with a 20 pip profit.
TS_Start_Percentage_of_SL = False: Tracking stop activation is determined by the percentage of stop loss distance.
Percentage_of_Stop = 50.0: Trailing stop loss is activated when profits reach 50% of the stop loss amount.
Trailing_Stop_Distance = 10.0: A tracking stop follows the price at a distance of 10 pips.
Trailing_Stop_Step = 2.0: The tracking stop moves every 2 pips.
Break_Even = false: Activate break-even point
Break_Even_Pips_on_Profit = 50.0: Activate break-even point with 50 pip profit
Breakeven_Percentage_of_SL = False: Brake activation even at a certain percentage of stop loss
BE_Percentage_of_SL = 100.0: Set the break-even point when your profits reach 100% of your stop loss.
Breakeven_Percentage_of_TP = False: Activate the break-even point with a certain percentage of profit taking
BE_Percentage_of_TP = 50.0: The break-even point is activated when the profit reaches 50% of the take profit.
Break_Even_Point_Offset = 5.0: When breakeven is activated, the stop loss is set at 5 pips of profit from the entry price.
partially_Close_in_Pips = false: Partial closure activation
Close_Volume_Percentage = 50.0: Close 50% of positions
Pips_Away = 20.0: Activated with 20 pip profit
partially_Close_SL_Percentage = false: Set partial closure with stop loss ratio
Close_Volume_Percentage_SL = 50.0: When profits reach the specified stop loss percentage, close 50% of the position.
Pips_Away_SL_Percentage = 100.0: Activate partial closure when profit reaches 100% of stop loss.
partially_Close_TP_Percentage = false: Set up partial liquidation with take profit ratio
Close_Volume_Percentage_TP = 50.0: When profits reach a specified percentage of take profits, close 50% of the position.
Pips_Away_TP_Percentage = 50.0: Activate partial liquidation when profits reach 50% of take profits.
filter
Breakout_Distance_Filter = false: Filter departure distance
Min_Distance_Pips = 5.0: Upon a breakout, the candle closes at least 5 pips away from the trend line.
Max_Distance_Pips = 15.0: Upon a breakout, the candle’s closing price must be at most 15 pips away from the trend line.
Spread_Filter = 5.0: Do not enter a trade if the spread exceeds 5 pips.
Time_Filter = false: Time filter settings
Start_Trading_Time = “00:00”: Trading available from 00:00 server time
End_Trading_Time = “23:59”: Transactions possible until 23:59 server time
Set trend line
Trendline_Name_Buy = “Buy”: Buy breakout trend line name
Trendline_Name_Sell = “Sell”: Sell breakout trend line name
Trendline_Name_Buy_Limit = “Buy Limit”: Trendline names for contact buying in an uptrend
Trendline_Name_Sell_Limit = “Sell Limit”: Trendline Names for Contact Selling in a Downtrend
For testing purposes only
Enable automatic trend line drawing:
Auto_Trendline_Buy = False
Auto_Trendline_Sell = False
Auto_Trendline_Buy_Limit = False
Auto_Trendline_Sell_Limit = False