FXEA365 Ethereum Trend: user guide, set files and FAQ

This guide covers installation, run modes, ready-made set files and common questions for FXEA365 Ethereum Trend on MetaTrader 5. Ethereum Trend is a Donchian trend follower for ETHUSD on the H4 chart. It enters on a confirmed channel breakout in the direction of the SMA 200 slope, places an ATR stop on every trade and then trails that stop; there is no fixed take-profit. Since v1.55 a second strategy, an H4 volatility-squeeze breakout (long only), runs next to it at a quarter of the core risk. It runs on a hedging account. The signal is identical in every run mode; only the position size changes.

- Open ETHUSD (or ETHUSDm, or your broker's equivalent Ethereum symbol) and set the chart to H4. Use H4 only: the EA reads the chart timeframe, and every published result is an H4 result.

- Drag the EA from the Navigator onto the chart, tick "Allow Algo Trading" in the Common tab, and make sure the AutoTrading button in the terminal toolbar is on.

- Use a hedging account. On a netting account the EA prints a warning at start-up and position management may not work as designed.

- The stop-loss is monitored and executed by the EA itself, not placed on the broker's server, so a position is protected only while the EA is running. A VPS or an always-on PC is strongly recommended.

- An MT4 edition is published separately. It has no partial take-profit stage and its results will differ from the MT5 figures below.

- Leverage: 1:100 or higher; confirm your broker's crypto leverage.

- The description does not set a fixed minimum deposit. The published backtests used a $10,000 deposit. Lot size is capped by MaxLot (default 5.0).

Backtests are historical simulations, not a live record, and do not indicate future performance. Test: MT5 Strategy Tester, Dukascopy real ticks, ETHUSD H4, 2019.01 to 2026.06, deposit $10,000, v1.55 defaults (second strategy on). 154 trades, 38.3% win rate.

- Defensive: +73%, profit factor 2.53, maximum equity drawdown 6.5%.

- Standard: +171%, profit factor 2.70, maximum equity drawdown 11.0%.

- Aggressive (recommended): +324%, profit factor 2.83, maximum equity drawdown 17.1%.

- Ultra (default): identical to Aggressive on this EA, +324%, profit factor 2.83, maximum equity drawdown 17.1%. The maximum-lot cap is reached at about 2x risk.

Forward test (Exness demo account, not real money, running since 2026-08-21; v1.55 since 2026-10-04, earlier versions before that): 2 trades, -3.27%, maximum drawdown 3.27% as of 2026-10-28. That is far too few trades to judge; compare it with the 17.1% backtest drawdown.

The sets below change only the RunMode input; everything else stays at the tested defaults. RunMode is an enum: 0 = Defensive (risk x0.5), 1 = Standard, 2 = Aggressive (risk x2.0), 3 = Ultra.

Copy these lines into a text file named EthereumTrend_Defensive.set, save it in MQL5\Presets, then load it in the EA's Inputs tab with Load.

Copy these lines into a text file named EthereumTrend_Standard.set, save it in MQL5\Presets, then load it in the EA's Inputs tab with Load.

Copy these lines into a text file named EthereumTrend_Aggressive.set, save it in MQL5\Presets, then load it in the EA's Inputs tab with Load.

Copy these lines into a text file named EthereumTrend_Ultra.set, save it in MQL5\Presets, then load it in the EA's Inputs tab with Load.

Copy these lines into a text file named EthereumTrend_Prop.set, save it in MQL5\Presets, then load it in the EA's Inputs tab with Load.

This is the lowest-risk mode measured above (6.5% maximum equity drawdown), with everything else at the tested defaults. Check your prop firm's daily and total loss limits, and whether it allows crypto CFDs and an EA-managed stop, before you start.

1) Entry: a close beyond the Donchian channel (default 23 H4 bars) by a confirmation margin measured in ATR.

2) Trend filter: entries only in the direction of the SMA 200 slope on H4.

3) Overextension filter: a breakout that is already far from the SMA is skipped.

4) Initial stop: a multiple of ATR from entry (default 3x ATR).

5) Trailing stop: the stop trails at the same ATR distance. The trade closes when price retraces by the trailing distance.

6) Second strategy (since v1.55): an H4 volatility-squeeze breakout, long only, at 0.25x the core risk, with its own stop-loss and ATR trailing. Set UseCoilEngine=false to turn it off. The figures above were measured with it on.

Lot size comes from RiskPercent and the stop distance, with a hard MaxLot cap. Also included: news pause (built-in MetaTrader calendar), daily-loss stop, consecutive-loss guard and a weekend close option.

Q: Which timeframe should I attach it to?

A: ETHUSD H4 only, both on a live chart and in the Strategy Tester.

Q: Does it use martingale, grid or averaging?

A: No. There is no grid, no martingale and no averaging. Each strategy holds at most one position (two in total), and every trade has a stop-loss.

Q: Why is the win rate so low?

A: It is a trend follower. Over 154 test trades the win rate was 38.3%; the result depends on a few long trends while losers stay small. Most trades are small losses or scratches by design.

Q: Why does Ultra show the same numbers as Aggressive?

A: The maximum-lot cap is reached at about 2x risk, so raising risk further does not change the trades or the result.

Q: What is the minimum account, and can I use it on a prop firm?

A: No fixed minimum is stated; the backtests used $10,000 at 1:100 or higher. For a prop firm, use the Defensive set (6.5% maximum equity drawdown in the backtest).

Q: Does it need a VPS?

A: Yes, strongly recommended. The stop-loss is managed by the EA, not on the broker's server, so the EA must stay running.

Q: My broker uses ETHUSDm or another name. Does that work?

A: Yes. Attach the EA to your broker's Ethereum symbol on H4; it trades the chart symbol.

Q: How do I check it in the Strategy Tester before buying?

A: Run the free demo on ETHUSD H4 with "Every tick based on real ticks", 2019 to 2026, deposit $10,000, and compare with the table above at the mode you plan to use. Your broker's tick history will not match Dukascopy exactly.

Q: What should I do during a drawdown?

A: Compare it with the drawdown of your mode. In ranging markets a trend follower can produce a long run of small losses. If the drawdown goes beyond what you accepted, move to a lower mode; do not raise risk to recover.

Q: How do updates work?

A: Updates are delivered through the MQL5 Market. After updating, check the version on the chart panel and reload your set file. The forward test figures are updated in this guide over time.

Ethereum is highly volatile and can gap, and a trend follower can go through long stretches of small losses in ranging markets. All backtest results in this guide are historical simulations and do not indicate future performance, and the forward test is a demo account, not real money. Start on a demo account for at least a month, choose the mode whose drawdown you can accept, and never trade money you cannot afford to lose.