Trendlines Breakouts Pro V1.2 - 4TP [Wukong Algo]

Trendlines Breakouts Pro [Wukong Algo]

• Trading method “High Tight Trendline Breakout”. This is a simple but effective and flexible method that can support many other methods such as: support and resistance, supply and demand, volume profile...
  
  
• Automatically connect TradingView and MetaTrader 5 (MT5) for automatic trading and order management via PineConnector
  
  
• The system includes a risk management grid including the levels: Stop Loss (SL), Break-even (BE), Trail Trigger, Trailing Stop, TP1 (1/4), TP2 (2/4), TP3 (3/4), TP4 (4/4). This grid helps you easily monitor and manage orders on TradingView in parallel with automatic order management on MT5.
  
  
• Focus on tight capital and risk management, reduce emotion and stress when trading
  
  
• Suitable for all markets: Forex, Gold, Crypto, Stocks, as long as you use MT5 and TradingView
  
  
• If you do not need to trade automatically via MT5, the Trendlines Breakokuts Pro can also be used as an effective indicator in visual order management on TradingView charts, helps maintain discipline and good trading psychology (less Stress or FOMO)
  

Trendlines Breakouts Pro System User Guide

Step 1 - Draw trendline AB. Just click to select 2 points A, B on the chart

This is a straight line at the border of a chart pattern or support/resistance zone on the chart that you determine has high potential when it is broken, the price will have strong momentum and you will enter the order (Entry). The trendline AB can be a diagonal line or a horizontal line.



Step 2 - Entry Window: Set the time allowed for transactions

You can choose the earliest and latest time allowed for trading signals, called Entry Window. This means that the system will not allow trading outside the Entry Window. This option allows you to manage trading times as you wish, avoiding bad times for trading such as sideways, choppy, high volatility, news



Step 3 - Set up the input parameters for trading

• You choose the direction you want to wait for trading: Wait Long (Buy), Wait Short (Sell), Turn Off, Hidden
  
  
• You enter the ID of your PineConnector account if you want to trade automatically from TradingView to MT5
  
  
• You enter the order parameters: Lotsize per order, Stop Loss (SL%), BE(%), Trail Trigger (%), TP1(%), TP2(%), TP3(%), TP4(%)
  
  
• You enter the safe filter parameters for Entry: max distance from entry to swing high/low, max distance from entry to trendline's breakpoint C, max entries per trendlines
  
  
• See more details in the screenshots
  

Step 4 - Set up automatic trading from TradingView via MT5

• If you do not need automatic trading in MT5, skip this step. Entry signals and risk management grids will still be displayed on the TradingView chart for you to see, but there is no connection and automatic trading signal shooting and automatic order management from TradingView to MT5 via PineConnector.
  
  
• We need to create an Alert in TradingView and attach it to this Indicator so that the Alert's trading signals are transmitted via MetaTrader 5 (MT5) via PineConnector.
  
  
• When trading, you need to turn on 3 software at the same time to be able to connect to each other to operate: TradingView, MetaTrader 5 (MT5), PineConnector
  
  
• See more details in the screenshots
  

Step 5 - Complete setup, and wait for trading signals

• You have completed the setup steps for the Indicator, ready when there is a trading signal
  
  
• You do not need to sit in front of the screen all day if you do not want. The system has been set up to execute and manage orders automatically.
  
  
• Of course, sometimes you should still check your transaction status, in case of unexpected problems such as lost internet connection.
  
  
• If you still have questions about this Indicator, please email [e-mail] for support.