The TFollower Free Expert Advisor is a free version of the fully automated TFollower trading system that finds changes in the trend and opens medium-term positions in its direction. Minimal number of indicators and parameters are used in the EA, a lot of attention was payed to its universality.
Restrictions in the free version:
- Opens only Buy positions.
- StopLoss is always set.
- "Dangerous" strategies are NOT used.
- NOT sensitive to spread, execution speed or type of the trading account.
- Small initial deposit.
- Recommended timeframe - H4.
- Recommended minimum deposit - $100.
- EAMagic - EA's magic number.
- AutoLot - can be set to true or false. If true, the EA selects the lot size for trading depending on the balance value.
- Lots - lot size is set by a user, if the value of AutoLot is false.
- Risk - percentage of the deposit used for the automatic calculation of the lot.
- DD - maximum allowed drawdown.
- CommentOfOrder - comment to orders. Can take any value.
- TrailingStop - trailing stop in points.
- TakeProfit - take profit in points.
- StopRange - distance from Moving Average with a period of 10 to set StopLoss, in points.
- ATRPeriod - period of the ATR indicator.
2. Improved market entry points.