TrendFollow EA

TrendFollow EA

TrendFollowEA v1.30 – Structure Trend Follower with Supertrend Trailing & Risk Limits (Day/Week/Month)

1) Strategy / Entry Logic (Structure → Breakout)

The EA searches for a 4-point structure on the selected signal timeframe:

Long Setup

Low1 → High1 → Low2 → High2 with:

• Low2 > Low1
• High2 > High1

Entry:

• BuyStop at High2 + Offset (or virtually "Market-on-Touch")

Short Setup

High1 → Low1 → High2 → Low2 with:

• High2 < High1
• Low2 < Low1

Entry:

• SellStop at Low2 − Offset (or virtually "Market-on-Touch")

If both long and short positions are valid simultaneously, the newer setup is preferred.

2) Entry Modes

A) Pending (BuyStop/SellStop)

• Real Stop Orders (BuyStop / SellStop)
• Optional Expiry after N Bars
• Optional: Cancel on Structure Break (Close below Low2 / above High2)

B) Market-on-Touch (Virtual Setup)

• EA "arms" a virtual setup (Entry/SL)
• As soon as the price touches the entry level: Market execution
• Optional: "Replace on New Signal" (new setup overwrites old one)

3) Stop-Loss & Trade Management

Initial Stop-Loss (SL)

• Pending Mode: SL based on Pivot 1 or Pivot 2 (Low 1/Low 2 or High 1/High 2) + Offset
• Market-on-Touch: SL from Candle Low/High (Shift) + Offset (Fallback: Pivot-based)

Trailing Stop via Supertrend

• Supertrend Price (closed bar) ± Trailing Buffer (Points)
• SL is only trailed (never loosened)

4) Optional Filters (can be disabled)

MA Trend Filter (optional)

• Long only if Close(1) > MA (+ Buffer)
• Short only if Close(1) < MA (− Buffer)
• Timeframe/Period/Method/Price freely configurable (e.g., EMA200)

MACD Filter (optional)

• Long only if MACD Main > Signal
• Short only if MACD Main < Signal
• Optional: additional Zero-Line Filter (Main > 0 or < 0)

5) Sessions / Trading Hours

• Asia / London / US trading hours can be activated separately
• Session logic: Asia OR London OR US
• Optional:
• Delete pending orders at the end of the session
• Close positions at the end of the session

6) Money Management (Risk / Volume)

• Fixed Lots
• Risk Money (e.g., €50 per trade)
• Risk % (Balance or Equity)

Volume is properly normalized based on entry/stop distance and symbol limits (min/step/max).

7) Risk Limits (Max Loss % per day/week/month)

Professional risk management to stop new entries:

• Max Loss Day %
• Max Loss Week % (starting Monday at 00:00)
• Max Loss Month % (starting the 1st of the month at 00:00)

Options:

• ACCOUNT Scope: Equity/Balance Delta from the start of the period (ideally "prop" style)
• MAGIC Scope: only trades of this EA (closed + optional floating)

When the limit is reached:

• EA enters RISK PAUSE (optional "Lock to Reset")
• Optional: Delete pending trades / reset virtual setup / close positions
• Panel displays warning + cause (DAY/WEEK/MONTH)
• Optional: Persistent pause state (via terminal global variables) – the lock remains even after a restart

8) UI Panel (Dashboard)

• Compact or detailed (Debug)
• Color coding:
• Gain: green
• Loss: red
• Risk Pause/Warnings: orange
• Display includes:
• Day/Week/Month PnL
• Session status
• Mode (Pending/Touch)
• Setup status including Entry/SL/Volume
• Supertrend + Trail Buffer
• Risk Pause Reason

9) Installation / Requirements

1. MetaTrader 5 (Windows/VPS), Algo Trading enabled
2. Drag the Expert Advisor (EA) onto the chart (symbol of your choice)
3. Set parameters (timeframe, risk, sessions, filters)
4. Recommendation: first use the Strategy Tester (real ticks) → Demo → Live

Recommended Start (Trend Following)

• Signal Timeframe: e.g., M15/M30/H1 (depending on the market)
• MA Filter: EMA 200 (optional)
• MACD: 12/26/9 (optional)
• Risk Limits: Start conservatively (e.g., Day 1–2%, Week 3–5%, Month 6–10%)

Disclaimer

This product does not constitute financial advice. Past performance is not indicative of future results. Please use appropriate risk management.