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TRENDYFOLLOW FX EA MT4 – Full Input Settings Analysis
TrendyFollow FX EA is an Expert Advisor (EA) purposefully engineered for the MetaTrader 4 (MT4) platform. Expert Advisors are sophisticated software tools meticulously designed to automate trading decisions in the forex market. This automation empowers traders to execute trades based on predefined strategies or signals, eliminating the necessity for constant manual oversight. Such functionality is particularly advantageous for novice forex traders who may encounter difficulties navigating the intricate timing and dynamics of the market.
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Risk Management & Drawdown
- Maximum Risk (%): 0.03 → EA employs 3% account risk per trade to determine lot size
- Max Drawdown (%): 50 → Doesn’t open new trades when account equity drops 50%
- Max Drawdown (close all): 80% → Closes all positions and halts trading when loss is 80%
Lot Size & Position Control
- Fixed Lot Mode: false → Lot size is not fixed, but risk-based
- Default Lot (if fixed enabled): 0.1
Take Profit, Stop Loss & Order Management
- Take Profit: 150 points (15 pips)
- Trailing Stop Level: 35 points (3.5 pips) → Trailing SL is triggered once the price is moving in profit, locking gains
- Maximum Spread: 13 points (1.3 pips) → Executes only under tight spread condition → ideal for scalping or day trading
Technical Information
- Show Account Info: true → Displays account information upon operation
- Magic Number: GPT_MAGIC = 20230101 → EA trade unique identifier