Trend-Line-Guided Stop Orders That Adjust With Price

Summary

TrendMeLeaveMe is described as a semi-automated MetaTrader advisor that uses a manually drawn trend line to guide pending stop orders. The user draws an upward, downward, or horizontal line and names it for the intended buy-stop or sell-stop setup. Parameters define upper and lower price levels around each line. When price enters the relevant zone, the advisor places a pending order at the configured level; as price follows the trend within the displayed area, it updates the pending order’s opening price.

Separate settings allow the user to specify stop loss, take profit, and lot size for each direction. The document explains the order-placement mechanics but does not describe a signal validation method, tested markets, historical results, or rules for evaluating whether a drawn trend line remains meaningful. It provides no evidence that the approach is profitable. Outcomes would depend on how the user draws the lines, chooses the zones and risk settings, and on execution conditions for pending orders.

Key ideas

• The user draws and names trend lines to configure buy-stop or sell-stop behavior.
• Price zones around each line determine when the advisor places a pending order.
• The advisor adjusts the pending order’s entry price while price moves within the specified area.
• Stop loss, take profit, and lot size can be configured separately for buys and sells.
• The description gives no backtest or evidence of profitability.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.