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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.
- StopLoss is always set.
- “Dangerous” strategies are NOT used.
- NOT sensitive to spread, execution speed or type of the trading account.
- Small initial deposit.
- Recommended timeframe – H4.
- Recommended minimum deposit – $100.
Our new Expert Advisor for metals and indexes: Metal Index Boxer Pro
- 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.