EA Abilities

Trading Systems Expert Advisors and Automated Trading
1

I am new to EA’s. I am wondering if anyone can provide me with some info on the following:

  1. Is it difficult or possible to code a pending order off of a trendline on the 5 minute charts? Basically I am looking for a trade to be triggered when the market breaks 10 pips outside of my trendline. Once a candle crosses the trendline, that is the “breakpoint” that is used to determine the 10 pips from this point.
  2. Every 5 minutes the EA would need to update the pending order until the trade occurs. (pending order will change every 5 minutes (until the breakpoint) based on the slant of the trendline.

Thanks

2

That is an existing ea. I think is called trendomatic and is freely available on code.mql4.com

3

I can’t seem to find trendomatic. Anyone have any other suggestions?