- November 1, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Trend Following System Review
Forex Trend Following System, For traders who employ the scalping approach.
You may see the primary Stoploss, Takeprofit, and current/last pip values visually on the chart as well as in the integrated menu.
So, with this summary, you have great scalping Tools!
Forex Trend Following System can be used on any pair and on any timeframe, but lesser timeframes are advised.
The Forex Trend Following System does not employ grid, martingale, or any other risky tactics. Every position has a fixed stop loss and takes a profit.
The Loss-Protection System will attempt to minimize any losses that occur from a deal that does not appear to be lucrative while avoiding the maximum stop loss.
All supported symbols can be traded using the EA on a single chart.
|Symbols||AUDCAD, GBPCHF, AUDCHF, EURGBP, GBPAUD, CADCHF, USDCHF|
|Risky Symbols||EURCAD, EURAUD, EURCHF|
|Broker||ANY low Spread Broker with low Spread at night|
|Account||ECN/Zero Account starting with zero spread|
|Balance||min. 100 USD and higher|
|Currency||ANY (it should be equal to min. 100 USD)|
|Leverage||min. 1:20 and higher|
Best Brokers List
The Forex Trend Following System works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Forex Trend Following System EA settings
Using the EA solely on a single symbol, such as GBPCHF and the M5 timeframe
Launch the EA Setting, then:
Pick your Risk (better if lower)
selecting the trade symbols (change them if you have a prefix or suffix e.g. “GBPCHF.r” instead of “GBPCHF”)
Add two URLs, then enable Web request Add the following URLs (without spaces) by selecting CTRL+O in the Expert Advisor and selecting “Allow WebRequest for listed URL”:
Utilizing a VPS is recommended because it enhances the performance of EA.
Since most brokers use the same GMT Offsets, there are typically no modifications required when testing an EA.
Alternatively, adjust the broker’s “GMT Offset” and “Daylight Savings” as necessary.
Select the Symbol (from our list of available Symbols) to test on timeframe M5 after GMT has been configured.
If the Tests vary significantly or fail completely, you might try setting up testing using the user handbook.
And don’t hesitate to get in touch with us if you still need assistance! We’ll assist you with testing right away.
Forex Trend Following System Free Download
We highly recommend trying the EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.