Market / MetaTrader 5 / Experts /

TrendFollowMT Free

FREE

Published: 21 August 2020

Current version: 1.1

TrendFollowMT Free

Experts
King Lok Leung
King Lok Leung
United Kingdom

2435
Start to fx trade at Jul 2018

1 topic 1 comment
Version: 1.1

TrendFollowMT is a fully automated trading system which is using large time frame to determine the trend and use small time frame to find the entry point.

Once the trend changed to opposite side, the system will wait for another entry point to recover with bigger lot size.

Moreover, the target profit will be moved up when more position had been opened. The aim is to cover the cost of waiting time and risk.

Free version will only trade on buy signal and locked the initial Lot size (0.01).

Paid version: Link

Trend filter: ADX and zzFibo (suggest time frame: H4)

Entry: RSI and Pin bar (use current time frame, suggest time frame: H1)

Addition position: RSI (suggest time frame: H4) and Pin bar(suggest time frame: D1)

Warning

Past performance is no guarantee of future results.
Martingale System is at high risk.

Parameters:

magicNum - Magic Number
comment - Comment for the trade
maxslippage - Maximum Slippage
maxSpread - Maximum Spread allow to trade
mTP - Target Profit in Money
mSL - Stop loss in Money
initial lot size - initial lot size (locked at Free version, 0.01lot)
lot Multiplier - lot size multiplier when add other position, if 2, initial lot = 0.01, the lot size of first additional position = 0.02, lot size of second additional position = 0.04
maxOrder - Maximum position number
TrendFilter TimeFrame
Enable TrendFilter - ADX
ADX Period
Enable TrendFilter - zzFibo
zzFibo look back period
RSI Entry
RSI period(Entry)
Pin Bar Entry
Tail(Entry) size - between 0.01 - 0.99
RSI Add Position
PinBar Add Position TimeFrame
RSI period(Add Order)
PinBar Add Position
PinBar Add Position TimeFrame
Tail(Add Order) size - between 0.01 - 0.99

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TrendFollowMT is a fully automated trading system which is using large time frame to determine the trend and use small time frame to find the entry point. Once the trend changed to opposite side, the system will wait for another entry point to recover with bigger lot size. Moreover, the target profit will be moved up when more position had been opened. The aim is to cover the cost of waiting time and risk. Trend filter: ADX and zzFibo (suggest time frame: H4) Entry: RSI and Pin bar (use current

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Filter:

zfqzfq68 2023.04.20 03:56 #

Placing orders in multiples is recommended only for the same variety. Placing orders in the same multiples has resulted in significant losses. If this is not changed, this EA cannot be used, otherwise it will cause significant losses.

1545

Marcel Bühler 2021.03.06 18:22 #

Can't be optimised.

TrendFollowMT Free

King Lok Leung

Warning