This Trend Following EA is a versatile and powerful FREE MT4 EA for traders looking to capitalize on trends across multiple currency pairs. Designed as a trend-following expert advisor, this Multi-Currency EA employs a hedge system combined with strong risk management practices, making it particularly suited for traders with CENT accounts or larger balances.
The EA operates by scanning each of the 17 forex pairs to determine their profitability over extended periods. If certain pairs are identified as unprofitable, this FREE MT4 EA will refrain from trading them until market conditions become favorable again. This dynamic adjustment is intended to enhance overall performance by focusing on pairs that exhibit positive trends.
Key Features of Multi-Currency EA
- Multi-Currency Trading – The Multi-Currency EA trades across 17 different forex pairs, providing a diversified portfolio that can help mitigate risks associated with trading a single currency pair.
- Trend-Following Strategy – By analyzing market trends, the EA attempts to enter trades that align with the prevailing market direction, aiming to increase the probability of successful trades.
- Hedging System – The expert advisor utilizes a hedging mechanism to manage risk. This approach involves opening positions that can offset potential losses from other trades, contributing to more stable account growth. This means it also works best with CENT accounts or larger balances.
- Risk Management – This Trend Following EA is designed with risk management in mind, making it potentially suitable for CENT accounts and larger balances where capital preservation is crucial. It is also crucial to keep in mind that this uses a modified grid system that uses soft martingale.
Recommendations
- Minimum Account Balance of 3000$ or equivalent cent account balance to run all 17 currency pairs.
- This EA is a one-chart setup, so it only needs to be attached to one pair (preferably EURUSD) on the M1 timeframe. It will trade on all pairs described in the input parameter.
- MT4 cannot perform multi-currency backtests, So when you backtest this EA, you only get the result of the only pair you tested. More info
