Expert Advisor FollowTheTrendMulti

Buy FollowTheTrendMulti Expert Advisor in the store selling algo trading systems

This Advanced Expert Advi­sor ben­e­fits of many years in Forex mar­kets research and soft­ware devel­op­ment, it’s an improve­ment of our pre­vi­ous EA Fol­low­TheTrend (which was mono cur­ren­cy).

This EA 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 a pair exceeds a spe­cif­ic val­ue, a posi­tion is open. Fol­low­TheTrend­Mul­ti choos­es the bet­ter pair to trade and man­ages simul­ta­ne­ous­ly up to the num­ber of pairs of your choice (‘Max open posi­tions on the account’ para­me­ter).
Only one instance can be attached on an account.

Parameters

  • 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 lots. If you choose a high val­ue, your trad­ing will be riski­er (but more prof­itable). If you choose a low­er val­ue, your trad­ing will be safer. An opti­mum val­ue can be select­ed between 0.3 and 0.5.
  • Vol­ume Max: You can lim­it the max­i­mum vol­ume size of a posi­tion
  • Max open posi­tions on the account: This is the max­i­mum num­ber of posi­tions on the account, no more than ‘x’ posi­tions will be opened simul­ta­ne­ous­ly.
  • Sto­pLoss: Set a Stop Loss at Ëœxâ„¢ pips from the cur­rent price when the Mar­tin­gale Max Lev­el is reached (see below).
  • Trend lev­el: Min­i­mum val­ue of the delta between the trend index of each cur­ren­cy need­ed to open a posi­tion, this man­ages the sen­si­bil­i­ty of the EA. Low­er will be this val­ue, more sen­si­tive it will be.
  • Mar­tin­gale: Max lev­els (0: dis­able): You can select the max­i­mum lev­el for the mar­tin­gale (0 to ‘x’). Our pre­vi­ous EA used a mar­tin­gale based on HI/LO, we imple­ment now a more effi­cient mod­el based on the indi­ca­tor “Laguerre” (cre­at­ed by John Ehlers).
  • 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 Coef­fi­cient (3) = 0.9, total vol­ume will be : 0.3 + 0.9 = 1.2 lots, and so on.
  • 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.
  • Cur­ren­cy to exclude: Enter the cur­ren­cies you want to exclude sep­a­rat­ed by Å“space (Ex : Å“CHF NZD JPY)
  • Enable sound alert when a posi­tion is opened: An audio mes­sage Å“Open 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 when a posi­tion is opened. You must con­fig­ure MT5 noti­fi­ca­tion options.

The green “Freeze” but­ton pro­hibits open­ing new posi­tions and dis­al­lows any changes in the size of opened posi­tions. You can use it before high volatil­i­ty peri­od.

MetaTrader 5 Setup

This EA uses the “Forex Fac­to­ry” eco­nom­ic cal­en­dar to avoid increas­ing the size of a posi­tion 2 hours before an impor­tant eco­nom­ic news.

To enable auto­mat­ic down­loads of this eco­nom­ic cal­en­dar, you must Å“Allow WebRe­quest­s for fol­low­ing URL : Å“http://www.forexfactory.com (Menu: Options / Expert Advi­sors / Allow WebRe­quest for list­ed URL:)

Conclusion

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

Expert Advisor FollowTheTrendMulti

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