- May 19, 2024
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Trading Tool Review: TrendShield EA
If you're seeking a reliable forex trading advisor that promises stability and consistent performance, the TrendShield EA might be the solution you need. Designed for both beginners and experienced traders, this medium-term trading advisor is equipped with several unique features aimed at optimizing your trading strategy.
Key Features of TrendShield EA
Minimum Deposit Requirement
One of the standout features of TrendShield EA is its low entry barrier. You can start trading with a minimum deposit of just $100. This makes it accessible to a wide range of traders, from novices to seasoned professionals looking to diversify their trading tools.
Medium-Term Trading Focus
TrendShield EA specializes in medium-term trading, operating on timeframes ranging from 15 minutes to 1 hour. This allows the advisor to maintain positions for several hours to several days, balancing between frequent trading and long-term holding strategies.
Unique Noise Protection Levels
To enhance the accuracy of its trades, TrendShield EA incorporates several unique levels of noise protection. This helps in filtering out market noise and identifying genuine trading opportunities, thus improving the overall performance and reducing the risk of false signals.
Low Aggressiveness
The advisor's low degree of aggressiveness ensures that it doesn't engage in high-risk trading behaviors. This is particularly beneficial for traders who prefer a more conservative approach to forex trading.
Round-the-Clock Trading
TrendShield EA can operate 24/7 or during specific times as per the user's preference. This flexibility allows traders to customize their trading schedule to match their lifestyle or market conditions.
Fixed Profit and Stop Levels
For every trade, TrendShield EA sets a fixed level of profit and stop (trailing stop). This feature ensures that trades are executed with predefined risk and reward parameters, aiding in better risk management.
No Martingale Strategy
Unlike many other forex advisors that increase lot sizes according to the Martingale strategy, TrendShield EA maintains a consistent lot size. This reduces the risk of significant losses during adverse market conditions.
User-Friendly Interface
The advisor's commands are available in Russian, making it accessible for Russian-speaking traders. Its ease of use ensures that both beginners and professionals can navigate and utilize its features effectively.
Technical Specifications
Version: 1.1
Year of issue: 2024
Working pairs: Any
Recommended timeframe:Â From M15 to H1
Minimum Deposit: $100
Average of account: 1:30 To 1:500
Best Brokers List
TrendShield EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
TrendShield EA Settings
How TrendShield EA Works
TrendShield EA utilizes three trend indicators in its strategy, each of which can be enabled or disabled based on the user's preferences. This allows for a customizable trading experience that can be tailored to individual trading styles and market conditions.
Account Requirements
To use TrendShield EA effectively, your trading account should meet the following requirements:
- Leverage: From 1:50 to 1:500 and above
- Stop Out: No more than 20%
- Minimum Order Volume: 0.01 lots
- Minimum Order Volume Step: 0.01 lots
- Account Currency: Preferably USD
- Recommended Account Type: Fixed or zero spread (ECN/NDD)
- Maximum Order Volume: 10-100 lots
- Maximum Number of Positions: Unlimited
Review TrendShield EA Backtest
I will analyze key metrics and provide an evaluation based on the presented data.
Initial Parameters
- Initial Deposit: $1000.00
- Spread: 15 points
- Modeling Quality: 90.00%
- Total Ticks Modeled: 5,900,178
- Bars in History: 16,977
- Graphical Errors: 61
Performance Summary
- Net Profit: $2555.39
- Gross Profit: $5022.40
- Gross Loss: $-2475.01
- Profit Factor: 2.04
- Expected Payoff: 16.99
The net profit of $2555.39 on an initial deposit of $1000.00 is a substantial return. The profit factor of 2.04 indicates that for every dollar risked, the EA generates $2.04, suggesting a robust performance.
Risk Metrics
- Absolute Drawdown: $17.11
- Maximal Drawdown: $377.21 (12.25%)
- Relative Drawdown: 12.25% ($377.21)
The maximal drawdown of 12.25% is within an acceptable range for many traders, indicating that while the EA does experience drawdowns, they are not excessively large compared to the overall gains.
Trade Analysis
- Total Trades: 151
- Short Positions: 75 (53.33% win rate)
- Long Positions: 76 (46.05% win rate)
- Profitable Trades: 76 (50.33%)
- Losing Trades: 75 (49.67%)
The EA executed a balanced number of short and long positions, with a slightly higher success rate on short positions. The near-equal distribution between winning and losing trades points to a well-calibrated trading strategy.
Profitability Analysis
- Largest Winning Trade: $259.25
- Largest Losing Trade: $-96.77
- Average Winning Trade: $66.97
- Average Losing Trade: $-32.33
The EA's largest winning trade is significantly higher than its largest losing trade, indicating effective risk management. Additionally, the average winning trade being more than double the average losing trade further highlights the EA's ability to capitalize on profitable opportunities while minimizing losses.
Consistency
- Maximal Consecutive Wins: 5 ($623.15)
- Maximal Consecutive Losses: 5 ($-86.30)
- Maximal Consecutive Profit: $623.15 (5 wins)
- Maximal Consecutive Loss: $-186.12 (4 losses)
- Average Consecutive Wins: 2
- Average Consecutive Losses: 2
The EA demonstrates consistent performance with a maximum of five consecutive winning trades resulting in a significant profit. The manageable maximum consecutive loss streak of five trades with relatively low loss amounts suggests good overall risk control.
The backtest results indicate that this EA is capable of generating consistent and substantial returns with a reasonable risk profile. The profit factor of 2.04 and a net profit of $2555.39 showcase the EA's effectiveness in trading. The drawdown levels are acceptable and highlight the EA's risk management capabilities.
Advantages of TrendShield EA
- Accessibility: With a low minimum deposit requirement, it’s accessible to a wide range of traders.
- Risk Management: Fixed profit and stop levels help in effective risk management.
- Customization: The ability to enable/disable indicators provides a customizable trading experience.
- Low Aggressiveness: Ensures safer trading with lower risk.
- Ease of Use: User-friendly interface with commands in Russian, suitable for both beginners and experienced traders.
- Round-the-Clock Trading: Offers flexibility in trading times.
Disadvantages of TrendShield EA
- Limited Language Support: Currently, commands are only available in Russian, which might be a barrier for non-Russian speakers.
- Fixed Strategies: The predefined strategies might not suit all market conditions, requiring manual intervention at times.
- Medium-Term Focus: Traders looking for short-term or scalping strategies might find it less suitable.
- Dependence on Indicators: Heavy reliance on trend indicators could limit performance in highly volatile markets.
Conclusion
TrendShield EA presents a compelling option for traders looking to achieve stability in their forex trading endeavors. Its low deposit requirement, unique noise protection features, and user-friendly interface make it a versatile tool for a broad audience. However, its medium-term focus and reliance on trend indicators mean it might not be suitable for every trader's needs. Evaluating these factors will help you determine if TrendShield EA aligns with your trading goals.
Download TrendShield EA
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
