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TL Breakout Trading for MC

Package: DIDA's Kiwi Trendline Breakout Trading for MultiCharts

Draw a line for your Breakout entry, and draw a line for your trailing exit - what could be easier?

Even better, how about if a smart program draws entry/exit lines for you, let's you drag them around and activate/deactivate them at will?

CodeForTraders is pleased to offer DIDA's Kiwi Trendline Breakout Trading Package for MultiCharts.

What It Is

The Kiwi Trendline Breakout Trading Package is a signal and a set of functions that will place long entry (LE), short entry (SE), long exit (LX), and short exit (SX) trendlines on the chart for you and subsequently let you manage the placement and activation of these trendlines for actual trading.

In short, breakout trading entries and trend-trailing exits directly on the chart!

What It Looks Like

Observe the bold yellow and cyan trendlines (labeled 'SE' and 'LE').  These are your breakout entry lines.  The darker trendlines (labeled 'SX' and 'LX') are the corresponding exit lines.

These lines were automatically placed by the Kiwi TL Breakout Entry signal, a bit above and below the current market.  As shown, the lines are inactive.  You may drag them around at will.

Notice that text to the left of the line?  When you are ready to activate the line, simply change the color of that text to White and the line will become active for trading.  On each bar, a Buy Market entry order will be placed when price crosses the LE line (if active), and a SellShort Market entry order will be placed when price crosses the SE line (if active).

Here we see both LE and SE lines activated ("LIVE"), ready to enter you into the market whichever way it breaks:

As an quicker alternative to color change, you may activate an entry line by dragging its label text upwards (just a bit will do).  As with the color change, this will be detected on the next tick and the line will then be activated.

Once an order fills at (or just beyond) one of the entry lines, the matching exit line is activated.  Here we see the LX line activated after a long entry:

In this case, the SE line is still live also, ready to reverse your trade.  You may deactivate the SE line by dragging it's text label downwards.

You may wish to pair a separate exit signal with the TL Breakout Entry signal for stylized automatic exit management once you are in the trade, or you can simply let the active exit trendline manage the trade, moving it at will, for example, to tighten up a trailing stop on profits.

Notice that the default placement of the exit line (as shown above) acts as a stop-loss when the trade is very young, but becomes a trailing profit exit as the trade ages. 

Here we see how the trade above evolved, with the still-active SE line reversing the long trade and making us short:

Note, all the TLs, both entry and exit will issue market orders when crossed by price.  So, you get at-market entries and at-market exits with this product. If you prefer to work with limit orders, check out DIDA's Kiwi Trendline Limit Entry Package, or Progster's MEA instead.

What It Does

The Kiwi Trendline Breakout Trading Package allows you to make a manually-signalled entry into the MC automated trading environment (similar to MEA).

What we mean by "manually-signalled entry" is that you do not have to pre-compute your entry logic or levels ahead of time.  Instead, you simply place the line(s) on the chart by eye at whatever levels you wish to enter (once penetrated) with a market order.

Since your entry order is actually placed with your broker by the Autotrader, your entry is an automated entry in every respect - except that you use a TL to draw the level at which the trade takes place!

To reiterate, the trade you get is an automated trade.  You have instructed the MC Autotrader where to enter, and it has done so.   As previously mentioned, you may pair any automated exit signal with the TL Breakout trader for automatic exit management, and/or you may simply let the exit be managed by the exit trendline that is already built-in.

Here is a video showing trendline breakout entry and exit in action:

Video: Kiwi TL BO Signal - Discretionary Trading with Trendlines

Imagine How You Could Trade

1.  Trade a breakout of congestion as it develops live, exiting as soon as the newly established trend falters.

2.  Aggressively trade the first break of a trend in progress, placing the entry TL according to your own eye.

3.  When price is creating a triangle, draw the geometry yourself and trade  the breakout in either direction.

What You Get

bullet   A single .SEF file containing the signal which you apply to your chart, and the functions which is relies upon.
bullet   A sample workspace, ready to go with the signal applied.
bullet   Instructions describing the signal inputs.
bullet   Customer Support for initial installation.


This package is distributed as a protected .SEF (source not disclosed), locked to your MultiCharts User ID.


This package is compatible ONLY with versions of MultiCharts distributed via direct download from the TSSupport web site.  Unfortunately, for technical reasons, this package IS NOT COMPATIBLE with separate versions of MultiCharts distributed by other means (e.g. other national or regional resellers, etc.).

What It Costs

$250 for a single, permanent personal-use license.   Institutional and multi-person licenses are also available (contact:

Kiwi TL Breakout Trading for MultiCharts -  $250 

How You Get It

This package will be emailed to you after your PayPal payment is processed.  Please be aware of the caveats before you order.