03/29/2024

TFollower Free EA

DoMyForex Instagram
DoMyForex Telegram
DoMyForex Telegram

tfollower free ea logo
Free

★★★★★
Good and free. Thanks.
- Hishami

DoMyForex Telegram Updates in Telegram


If you do not know how to start trading on Forex – take the short training Forex course online for free.

The TFollower Free Expert Advisor is a free version of the fully automated TFollower trading system that finds changes in the trend and opens medium-term positions in its direction. Minimal number of indicators and parameters are used in the EA, a lot of attention was payed to its universality.

Restrictions in the free version:

  • Works on GBPUSD only.

Advantages

  • StopLoss is always set.
  • “Dangerous” strategies are NOT used.
  • NOT sensitive to spread, execution speed or type of the trading account.
  • Small initial deposit.

Broker

  • Any.

TimeFrame

  • Recommended timeframe – H4.

Deposit

  • Recommended minimum deposit – $100.

Our new Expert Advisor for metals and indexes: Metal Index Boxer Pro


Parameters

  • EAMagic – “magic number” of the EA, that allows it to work only with its positions.
  • AutoLot – can be set to “true” or “false”. If “true”, the EA selects the lot size for trading depending on the balance value.
  • Lots – lot size is set by a user, if the value of AutoLot is “false”.
  • Risk – percentage of the deposit used for the automatic calculation of the lot.
  • DD – maximum allowed drawdown.
  • CommentOfOrder – comment to orders. Can take any value.
  • TrailingStop – TrailingStop in points.
  • TakeProfit – TakeProfit in points.
  • StopRange – distance from Moving Average with a period of 10 to set StopLoss, in points.
  • HiddenStops – can be set to “true” or “false”. If “true”, the Stoploss and Takeprofit levels are hidden.
  • ATRPeriod – period of the ATR indicator.
  • QuotesMult – a multiplier for parameters TrailingStop, TakeProfit, StopRange for instruments with different number of decimal points (digits) in quotes. The default value is “10” – for trading on standard forex symbols of any broker who has 5 decimal points (digits) in the GBPUSD price. If you work with a broker who has 4 decimal points (digits) in the GBPUSD price, then the QuotesMult parameter must be set equal to “1”.
  • BrokerPrefix – if your broker uses prefix in currency names, like “fx”, type it in parameter’s field.
  • BrokerSuffix – if your broker uses suffix in currency names, like “.pro”, type it in parameter’s field.
  • ShowInfoPanel – can be set to “true” or “false”. If “true”, the information panel is shown on the chart.
  • Panel_Language – language of the information panel.
  • TextColor – font color of the information panel.

The EA doesn’t trade every day. Please, be patient.  

DoMyForex Telegram Updates in Telegram



By going to the download page, you confirm that you have read and accepted the Terms of use

download tfollower free EA
Correlates Free EA Yellow MT5 Hedge Lite EA


TFollower free GBPUSD test

Add a review

Name
Email
Rating
Review Content