ALGO TREND EA this is an intraday scalper that trades on 28 currency pairs from one chart, does not use martingale, you can set the time when the adviser will make transactions, each transaction has a TP, the user can optionally set the SL in the settings, by default the SL is not used.

Attention !!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication. In order not to miss any material, subscribe to our telegram channel https://t.me/Fx_VIP

Features:

• Algo Trend is based on the market trend. No trade is taken against the trend. For this reason we suggest running it on higher time frames i.e. M30, H1 and H4.
• It will automatically scan and measure strong and weak currency pairs
• Auto Recovery system
• Drawdown can be 10-30% depending on market conditions, account size, lot size, risk set, pairs ran, etc. etc.
• It has capability of generating 40% – 100% profit per month depending on the settings and if market is in favour. It also depends on your risk strategy and your psychology. Remember high risk high return. Finally, Algo Trend is a conservative Algorithm. You can make it aggressive by changing the settings however this is at your own risk. We also recommend use safest settings for consistent income.

Backtesting:

We did not conduct backtesting because MT4 does not have the possibility of multicurrency testing, although the adviser allows you to test on the past history in the strategy tester for each pair separately, if there is a desire, everyone can conduct it on their own, but we did not do this, since there is a live monitoring from the developer that provides enough information about the trading of the EA, below you can get acquainted in more detail

Settings:

In the archive with the adviser there are two sets of settings files that the author recommends, but I don’t know what is the reason, but for some reason they are sometimes set with slightly changed values, so below I will write the settings manually, check before using !!!

ALGO TREND SET 1 SETTINGS:
− Trade Off Time Zone: Local Time Zone
− Trade off start hour: 00:00
− Trade off end hour: 23:59
− Symbol Limit: 10
− Order Magic Number: 1
− First Order TP pips: 60 or 100 or set your own
− Circle Reposal Minutes: 90
− SL: 0 or set your own
− Trailing Stop: 15
− Use Breakeven for First Order: True
− Breakeven Start After Pips: 10
− Breakeven Plus Pips: 1.0

ALGO TREND SET 2 SETTINGS:
− Trade Off Time Zone: Local Time Zone
− Trade off start hour: 00:00
− Trade off end hour: 23:59
− Symbol Limit: 10
− Order Magic Number: 1
− First Order TP pips: 60 or set your own
− Circle Reposal Minutes: 90
− SL: 0
− Trailing Stop: 0
− Use Breakeven for First Order: False
− Breakeven Start After Pips: 10
− Breakeven Plus Pips: 1.0

Conclusion:

The EA really looks very good, besides, real account monitoring inspires confidence, according to the author, the robot is based on the price action formula and trades in the direction of the trend, it is also pleasing that we can set stop loss in the EA settings and thereby protect ourselves from large losses, and in general, the adviser has a sufficient number of simple but nevertheless important parameters that we can set or change as we see fit, and perhaps by experimenting with the settings, it will be possible to choose more profitable configurations.
I also recommend that you get acquainted with monitoring in more detail, and in general, devote more time to monitoring, and if you don’t know how, then you need to learn how to analyze monitoring and draw conclusions, trust me, by analyzing monitoring correctly, you will receive much more profit, you will see strong and weaknesses of the adviser and, accordingly, cut off the unnecessary. For example, having skimmed over the monitoring of this adviser, I would immediately remove some pairs from his trade and leave only these: AUDJPY, CHFJPY, EURGBP, EURUSD, GBPAUD, GBPJPY, GBPUSD, NZDJPY, USDCHF, USDJPY, XAUUSD.
But all this needs to be tested on a demo account, better on a cent account, with different currency pairs, settings and on different timeframes, only then it will be possible to conclude whether it is worth putting EA it on a real account.

Reminder: As with every trading system, always remember that forex trading can be risky.  Don’t trade with money that you can not afford to lose.  It is always best to test EA’s first on demo accounts, or live accounts running low lotsize.  You can always increase risk later!

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