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.
Please test in a demo account for at least a week first. Then, familiarize yourself with and understand how FREE MT4 Robot works before using it in a real account.
Recommendations for this FREE MT4 EA
- 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
- This FREE MT4 EA should work on VPS continuously to reach stable results. So we recommend running this EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- The EA is NOT sensitive to spread and slippage. But We advise using a good ECN broker (Find the Perfect Broker For You Here)
 | Low Spreads No Commission | Free TradingView Premium* FREE VPS for Traders* |
 | Min Deposit of 50$ |
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Backtesting Limitations
While this Multi-Currency EA can be backtested, it’s important to note that the results may not accurately reflect live trading performance. The EA’s strategy involves real-time scanning and adaptive trading decisions that are not fully replicable in a backtesting environment. Specifically, the feature that enables or disables trading on certain pairs based on their long-term profitability cannot be effectively simulated during backtests.
Conclusion of Trend Following EA
The Trend Following EA offers a multifaceted approach to forex trading by combining trend-following strategies with hedging and risk management across multiple currency pairs. While it presents potential advantages in diversification and account growth, traders should be aware of its limitations in backtesting and remain vigilant in monitoring its performance in live market conditions.
