EX184 Trendline Breakout and Modify TP

TThe EA "Trendline Breakout and Modify TP" employs a strategy that uses the breakout of an automatically generated Trendline as the trade entry point.

The key feature of this EA is its dynamic Take Profit (TP) management system, which calculates the breakeven point of all combined orders and adds the desired profit, causing the TP to adjust constantly. It also includes a Cut Loss system for risk control.

However, the instructor points out that the weakness of this EA in its current form is that it does not consider the main trend of the larger timeframe, leading it to open both Buy and Sell trades regardless of the prevailing trend, which may not be suitable for efficient trading. The instructor has assigned a task to students to integrate a system to control the Buy/Sell mode based on the trend to enhance its efficiency.