Follow the Trend EA is a forex software that allows traders to capitalize on the proven Advanced Breakout strategy. This long-term Expert Advisor (EA) for MT5 is strategically designed to identify and determine pending order positions, providing a safe and stable approach to forex trading.
Performance Analysis
Based on a 5-year backtest, Follow the Trend EA boasts impressive data. The software promises a Risk: Reward ratio of 1:2, with 11 consecutive wins and 17 consecutive losses. Despite the losses, the Maximal Drawdown stands at 11.75%, indicating a reasonable level of risk. The Profit Factor of 1.36 further demonstrates the softwareโs ability to generate profitable trades over losing ones.
Trading Specifics and Recommendations
This EA is specifically designed for the USDJPY pair on the H1 timeframe. To use this EA, a minimum deposit of $100 is required, with a recommended Risk Per Trade of 3%. However, for optimal results, it is recommended to start using this EA with a fund of $500 and a Risk Per Trade of 0.6%. Follow The Trend EA prioritizes quality over quantity trades, making it a suitable choice for traders who seek thoughtful, strategic trades over frequent trades.
Customizable Parameters
Follow The Trend EA provides a range of customizable parameters. These include Trading Volume, Fixed Lots, Balance Step, Custom Take Profit, Custom Stop Loss Factor, Custom Range Start and End hours and minutes, Custom Trailing Stop Trigger and Point, Max Daily Range, Magic Number, and Comment. The software also offers options for color customization for Buy Line Color and Sell Line.
Note: Follow The Trend EA is only available for purchase on mql5. Any other outlets offering this product are likely to be counterfeit with non-functioning features.
Independent Testing and Updates
For those interested in seeing Follow The Trend EA in action, independent testing of this product is available on forexroboteasy.com. The site also offers updates on the testing results, allowing traders to stay informed about the softwareโs performance and make informed decisions.
Share Your Experience
If youโve used Follow The Trend EA, we invite you to share your experience. Your insights can help other traders make informed decisions about whether this software is a good fit for their trading strategy.
FAQs
What is Follow The Trend EA?
Follow The Trend EA is a long-term Expert Advisor for MT5 that uses the Advanced Breakout strategy to determine pending order positions in Forex trading.
What is the minimum deposit required to use Follow The Trend EA?
The minimum deposit to use this EA is $100, with a recommended Risk Per Trade of 3%. However, for optimal results, itโs advised to start with a fund of $500 and a Risk Per Trade of 0.6%.
Where can I buy Follow The Trend EA?
Follow The Trend EA is only available for purchase on mql5. Any other outlets offering this product are likely to be counterfeit with non-functioning features.
This review is an independent analysis of Follow The Trend EA. It aims to provide a neutral evaluation of the product, without any affiliation with the productโs creator.
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