This Simple Trend Following EA for MT4 and MT5 is designed to trade on the GBP/USD pair using the M1 (1-minute) timeframe. As its name suggests, it follows a trend-following strategy utilizing multiple technical indicators, including Moving Averages, RSI, MACD, and a Stop Limit mechanism. The robot supports fixed lot sizes and martingale-based risk management. Here is a brief overview of the strategy:
- Lot Size: Default entry amount is 0.01 lots.
- Maximum Trade Size: 0.01 lots (default).
- Stop Loss & Take Profit: Not defined (trades run until exit conditions are met).
- Break-Even: Not enabled (set to 0).
- Martingale Multiplier: 0 (disabled by default).
- Indicators Used:
- Moving Average (Period: 30)
- RSI (Levels: 42 and 53)
- Moving Averages Crossover (Fast: 9, Slow: 12)
- MACD (Different instances with variations in periods: 17-12-9 and 11-12-9)
- Stop Limit (Levels: 200 and 550)
- Buy Conditions: When Moving Average, RSI, MACD, and MA Crossover confirm an uptrend.
- Sell Conditions: When the same indicators confirm a downtrend.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This Trend Following EA for MT4 and MT5 is for educational purposes and is free to download. Get the Forex Trading EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
