Trendsignal Expert Advisor trades are based on trend following strategy signal received from Trendsignal indicator. You can download it here: https://www.mql5.com/en/code/10928 for visual signals on chart.
Trendsignal Expert Advisor is a multi-pair EA. It can work with all timeframes, all currency pairs including commodities. But the most profitable recommended settings are H1 timeframe with the following currency pairs: EURUSD, GBPUSD, USDJPY, USDCAD and USDAUD.
Settings for H1
- LotSize – user defined.
- Riskmanagement=true/false – for automatic lot size according to account balance.
- Risk% – risk percent from account balance for calculating automatic lot size.
- Takeprofit=60 pips.
- Stoploss=40 pips.
- TrailingStop=40 pips.
With these settings, Trendsignal EA becomes highly effective with low drawdown about 15% with risk/reward ratio as 4/6 which is very good with above mentioned 5 pairs.