Expert Advisor FollowTheTrend

Buy FollowTheTrend Expert Advisor in the store selling algo trading systems

Presentation

This Advanced Expert Advi­sor ben­e­fits of many years in Forex mar­kets research and soft­ware devel­op­ment.

It cal­cu­lates an index in real time for each major cur­ren­cy (EUR, GBP, USD, JPY, CHF, CAD, AUD and NZD).

If the delta between the 2 index of the cur­rent pair exceeds a spe­cif­ic val­ue, a posi­tion is open.

Fol­low­TheTrend” was writ­ten to trade any cur­ren­cy of your choice, good results are obtained with EURUSD, USDCAD, EURCAD, EURGBP, AUDUSD, NZDUSD, EURJPY ¦

Don’t use a lever­age over 100 on your account.

Parameters (the complete list is detailed in the manual available on request)

Strat­e­gy

  • Fol­low­TheTrend: The EA will only trade the trend (24/5) of the pair (NOT NFP).
  • NFP: The EA will only trade the œNon­farm Pay­roll accord­ing to the result of ADP reports (Wednes­day before NFP announce­ment) and the ADP lev­el para­me­ter.
  • Both: The EA will trade the trend (24/5) and the NFP.

Amount of lots per every 10,000 of free mar­gin (risk)

This para­me­ter is the risk fac­tor. If the free mar­gin on your account is 10,000.00 USD and if you set this para­me­ter to 0.3, the EA will open per default a posi­tion of 0.3 lot.

All EAs have loss­es, if you choose a high val­ue, your trad­ing will be riski­er. If you choose a low­er val­ue, your trad­ing will be safer, but the gains may not com­pen­sate for loss­es. An opti­mum val­ue can be select­ed between 0.3 and 0.5.

Mar­tin­gale: Max lev­els (0: dis­able)

You can select the max­i­mum lev­el for the mar­tin­gale (0 to 7). For each posi­tion, the EA set a vir­tu­al lim­it order ‘x’ pips above or under the price. This val­ue is defined by “Delta for lim­it order” para­me­ter until the max­i­mum num­ber of lev­els is reached or if the vol­ume exceeds the “Vol­ume max” para­me­ter. Good results are obtained with a max mar­tin­gale lev­el greater than or equal to ˜5™.

Mar­tin­gale: Coef­fi­cient

This para­me­ter defines the coef­fi­cient of the mar­tin­gale. The mar­tin­gale will be increased with this val­ue: first step, vol­ume = 0.3, sec­ond step, vol­ume = 0.3 x 1.6 = 0.48, total vol­ume will be : 0.3 + 0.48 = 0.78 lots, and so on.

Mar­tin­gale: Delta for lim­it orders

This para­me­ter deter­mines the price where the vir­tu­al lim­it order will be set.

Mar­tin­gale: Acti­va­tion range if HI/LO detect­ed

If the lim­it order is not reached but a frac­tal HI/LO is detect­ed the mar­tin­gale will be acti­vat­ed if prices are with­in a range defined by this val­ue.

Trail­ing Stop Start Lev­el (ticks)

The trail­ing stop main­tains a stop loss at a pre­cise dis­tance below (long posi­tion) or above (short posi­tion) the mar­ket price. This stop loss is adjust­ed con­tin­u­al­ly based on fluc­tu­a­tions in the mar­ket price. If you start the trail­ing stop as soon as the posi­tion become prof­itable, you will nev­er do sub­stan­tial gains. Enter here the num­ber of pips to reach before acti­vat­ing the trail­ing stop.

Freeze EA dur­ing impor­tant Eco­nom­ic News (high volatil­i­ty)

News announce­ments and high volatil­i­ty peri­ods are the ene­my of this EA. It down­loads auto­mat­i­cal­ly every day (Forex Fac­to­ry) the eco­nom­ic cal­en­dar and select impor­tant news. The EA is auto­mat­i­cal­ly frozen 30 min before and 90 min (default val­ues) after the announce­ment.

Enable sound alert when a posi­tion is opened

An audio mes­sage œOpen Posi­tion will inform you that a posi­tion is opened.

Send a noti­fi­ca­tion when a posi­tion is opened

A noti­fi­ca­tion will be send to your mobile device when a posi­tion is opened. You must con­fig­ure MT5 noti­fi­ca­tion options.

Dis­play Mul­ti Cur­ren­cy Trend indi­ca­tor

Dis­play or not the trend index cal­cu­lat­ed for each major cur­ren­cy.

NFP: Open a posi­tion if result of ADP report is greater than

If ADP report announce­ment gen­er­ate a reac­tion greater than this val­ue on the pair, the EA will trade the NFP in the same direc­tion (the EA opens a posi­tion 10 secs before the NFP announce­ment).

Conclusion

We hope that this EA will gen­er­ate a lot of prof­its for you.

If you have any fur­ther ques­tions or sug­ges­tions, don’t hes­i­tate to con­tact us at this email address: infos@BPASoftware.com.

FollowTheTrend

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