Trendline Trader EA Review: this is the name of a Forex EA that is said to help execute Forex trades with trend lines drawn on MT4. Is ea-coder.com a legit Forex EA vendor?
What Are Forex Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.
Trendline Trader is a Forex EA that is promised to help traders make money according to its vendor, Ea-coder.com. They say this can be achieved by following “favorite chart patterns like Head and Shoulders, Double Tops/Bottoms, Support & Resistance or by simply using trend lines”.
It is totally in character for Forex EA vendors providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
How Trendline Trader EA Works
It is said to be an Expert Advisor application designed to automate trades on the MetaTrader 4 platform. This is done only when the price breaks through a trend line that is drawn either manually by the trader or by some other third-party robot. The robot monitors the market on behalf of traders waiting to detect the trend lines’ breakthrough.
Traders get to determine how the trendlines are drawn, timeframe, and currency pair. It works with any Forex broker, MT4 account and currency pair. Trendline Trader can handle any number of MT4 charts with two trend lines on each.
This EA is said to have a revolutionary smart Breakout technology that prevents false breakouts by adjusting trendlines automatically. It also does away with the need of having to calculate lot size and stop loss in pips. Summary of the features of the robot are as follows:
It is designed for MT4 platform
Can handle two lines: cross from below for BUY signal, the other from above for SELL signal
Sets different line colors when they are detected by EA
Sets different line colors when they are crossed up or down
Can open trades immediately or only on candle close
ST and/or TP can be set by horizontal lines
Smart Breakout Technology will redraw trendline if the price only touch but don’t cross
All settings displayed on the chart in the left-top corner
Alert features included from Trendline Alert EA
Many Custom settings can be configured to fit the needs of traders
Advanced Money management function
The page also gives instructions on how to make use of the robot and interested clients can check this out.
Trendline Trader EA Pricing Structure
Trendline Trader Personal – 7 EUR (14-day Trial)
Trendline Trader EA (Personal license) – 19 EUR/month
Trendline Trader EA (Personal license) – 149 EUR/year
We found impressive clients’ reviews on FPA where the EA got 4.9/5 stars’ ratings. It is hard to ignore this as even the negative review got a response from a representative of the vendor.
Trendline Trader EA Support
To contact the vendor or the support team, clients are directed to fill an online support form to do so.
We found the information on the page about Trendline Trader EA impressive. It has a professional touch and in-depth analysis of someone who knows what he/she is dealing with. Also, the impressive positive reviews on FPA is encouraging and we would like to see results on third-party websites that can be verified.