The Trend Following EA is a robust and versatile expert advisor for MetaTrader 4 (MT4), specifically designed for traders aiming to profit from market trends across multiple currency pairs. This free EA combines trend-following strategies with a hedging mechanism and strong risk management, making it ideal for those with CENT accounts or larger balances.
By dynamically scanning 17 forex pairs, the EA identifies the most profitable opportunities over extended periods. When certain pairs are deemed unprofitable due to unfavorable market conditions, the EA pauses trading on those pairs until they align with its profitability criteria. This adaptive approach enhances performance and ensures focus on favorable trends.
Key Features of the Trend Following EA
1. Multi-Currency Trading
- Trades across 17 forex pairs, offering a diversified trading portfolio.
- Reduces the risk associated with reliance on a single currency pair, balancing exposure across multiple markets.
2. Trend-Following Strategy
- Analyzes market trends to align trades with the prevailing market direction.
- Focuses on higher-probability opportunities by entering trades in the direction of sustained trends.
3. Hedging System
- Employs a hedging mechanism to offset potential losses from other trades, leading to more stable account growth.
- Particularly suited for accounts with larger balances or CENT accounts, where the hedging system can function effectively.
4. Risk Management
- Designed to prioritize capital preservation, with features that control risk during volatile market conditions.
- Utilizes a modified grid system with a soft martingale approach, adding flexibility and reducing exposure to extreme drawdowns.
Recommendations for Using the Trend Following EA
Minimum Account Balance: Requires at least $3,000 or an equivalent CENT account balance to manage trades across all 17 currency pairs effectively. 
Single-Chart Setup: Attach the EA to a single pair (preferably EURUSD) on the M1 timeframe, and it will automatically manage trades across all defined pairs.
Best Use Case: Suitable for traders seeking long-term growth and diversification, with an emphasis on stability and risk management.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
