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:
- Works on GBPUSD only.
- 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. Must have different values for every chart.
- 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.
- HiddenStops - can be set to true or false. If true, the Stoploss and Takeprofit levels are hidden.
- ATRPeriod - period of the ATR indicator.
- QuotesMult -a multiplier for parameters TrailingStop, TakeProfit, StopRange for instruments with different number of decimal points (digits) in quotes. The default value is "10" - for trading on standard forex symbols of any broker who has 5 decimal points (digits) in the GBPUSD price. If you work with a broker who has 4 decimal points (digits) in the GBPUSD price, then the QuotesMult parameter must be set equal to "1".
- ShowInfoPanel - can be set to true or false. If true, the information panel is shown on the chart.
- Panel_Language - language of the information panel.
- TextColor - font color of the information panel.
2. Improved market entry points.