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 EAfor 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.
