Trend Strength EA MT4 – A Comprehensive Forex Trading Robot

Trend Strength EA Review

Forex trading can be a complex and challenging venture, requiring traders to analyze various factors before executing a trade. However, technological advancements have paved the way for automated trading systems that can efficiently process multiple indicators to make informed decisions. One such powerful tool is the Trend Strength EA, a sophisticated Forex trading robot designed to capture market trends with precision and enhance trading success. In this article, we will delve into the features and workings of this remarkable EA, offering valuable insights to traders seeking a competitive edge in the Forex market.

The Trend Strength EA is an automated trading robot that capitalizes on the strength of trends, confirmation signals, and market momentum to make well-informed trading decisions. Version 2.2 introduces new enhancements, incorporating the use of Advanced Currency Meter Strength for more accurate trade confirmations. Let's explore how this EA works and the various components that contribute to its efficiency.

Best Brokers List

Trend Strength EA 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	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Trend Strength EA Settings:

Parameters

The Trend Strength EA offers a range of customizable parameters to cater to individual trading preferences. Here are some essential parameters and guidelines to follow:

• Target Profit of the Session: Set the desired profit for the current trading session.
• Target Profit in Money($): Specify the target profit in dollar value for the current running trade.
• Delay Gap and Delay Gap After Profit in Minutes: Adjust the time gap between consecutive target profits to manage trading frequency.
• Daily Profit and Daily Target in Money($): Set daily profit targets to control daily trading activity.
• Lot Size: Customize the lot size based on your account equity, providing appropriate risk management.
• Max Trades per Pair: Determine the number of trades allowed for each currency pair.
• TrailStop and TrailStop Value: Enable trailing stop and set the value for the current running trade.
• Take Profit and Stop Loss: Define the take profit and stop-loss levels for trades.

See also  Roboverb

How it Works

1. Utilizing Strength and Trend Confirmation:

The EA initiates its trading process by assessing the strength of the market. It looks for Highs and Lows (HL) to validate its initial strength confirmation. Next, the EA checks the trend confirmation across three different timeframes: 1-minute, 5-minute, and 15-minutes. For the EA to proceed further, all three timeframes must indicate the same direction of the trend. If any discrepancy is found, the EA will keep monitoring the trend until the required confirmation is achieved.

2. Evaluating Momentum with Cross-Checking:

Once the EA has received confirmation from strength and trend indicators, it proceeds to evaluate market momentum. The momentum assessment includes multiple timeframes: 1-minute, 5-minute, 15-minute, 30-minute, and 1-hour. These timeframes cross-check with each other, helping to identify potential market movements accurately. Additionally, the EA incorporates the powerful Advanced Currency Meter 4.0 to further confirm market signals.

3. Precise Trade Execution:

With all necessary confirmations obtained from strength, HL, trend, and momentum indicators, the EA is now equipped to execute a trade. Based on the combined analysis, the EA determines whether to enter a Buy or Sell position, ensuring that the trade aligns with the prevailing market conditions.

4. Optimizing Profits and Managing Risk:

To help traders manage their trades effectively, the Trend Strength EA provides valuable metrics. Traders can monitor the Max Profit and Max Loss for the current running trade, enabling them to assess the potential returns and risks accurately. Additionally, the EA allows traders to set a specific Target Profit, which indicates the desired profit for the current trade.

Important Points

1. Avoid Trading During Major News Events: Refrain from trading during significant news events, as volatility may cause unpredictable market movements.
2. Account and Contact Information: Provide your real MT4 account number and working email ID after renting the EA for verification purposes.
3. Avoid Changing EA Settings: Stick to the provided EA settings to avoid compromising trading performance and being solely responsible for any resulting profit or loss.
4. Customization and Pairs/Indices: The EA can be customized to include or exclude specific currency pairs or indices, with a maximum of 28 allowed.
5. No VPS Required: The Trend Strength EA operates effectively without the need for a Virtual Private Server (VPS).
6. Account Lock and Non-Transferability: The EA is locked to the provided MT4 account number and cannot be transferred, refunded, or exchanged with others.
7. Referral Program: Traders can benefit from a referral program, earning $50 for each successful referral.

Conclusion

The Trend Strength EA is a robust and efficient Forex trading robot that combines the power of strength, trend, and momentum indicators to make accurate trading decisions. With advanced features like the Advanced Currency Meter Strength and comprehensive parameter customization, traders can optimize their trading strategies for enhanced profitability and risk management. However, it's crucial to follow the provided guidelines, avoid trading during major news events, and refrain from modifying the EA settings to ensure successful and consistent trading outcomes. Embrace the Trend Strength EA as your reliable trading companion and take your Forex trading journey to new heights. Happy trading!

Disclaimer: Trading in the forex market involves substantial risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and should not be considered financial advice. It is essential to conduct independent research and consult with a professional financial advisor before making any investment decisions.