EA Trend Following Passed FTMO Challenge V3.0 MT5

EA Trend Following: Passed FTMO Challenge Overview💫💫

The EA Trend Following strategy has successfully conquered the FTMO Challenge, demonstrating its robustness and profitability. With a minimum deposit of $500, this automated trading system operates on specific currency pairs and timeframes, aiming for consistent gains.

Recommended Settings

• Minimum Deposit: $500
• Timeframes: 15 minutes (15M) and 1 hour (H1)
• Currency Pairs: XAUUSD (Gold), USDJPY (US Dollar vs. Japanese Yen), BTCUSD (Bitcoin vs. US Dollar)

Key Features

1. Strategy: The EA Trend Following employs a trend-following approach, capitalizing on market momentum. Here’s how it takes trades:
   • Entry Criteria:
     • Moving Averages: The EA monitors moving average crossovers to identify trend direction.
     • RSI (Relative Strength Index): It confirms overbought or oversold conditions.
     • Price Action Patterns: The EA looks for specific candlestick patterns.
   • Position Management:
     • Trailing Stop: The EA adjusts the stop loss level as the trade moves in favor.
     • Take Profit: It targets predefined profit levels.
     • Risk Management: The EA limits drawdown by adjusting lot sizes based on account balance.
   • Exit Criteria:
     • Opposite Signals: The EA exits trades when the trend reverses.
     • Time-Based Exit: It closes positions at the end of the trading day.
2. Trade Execution:
   • The EA executes trades automatically based on predefined rules.
   • It adapts to changing market conditions without emotional bias.

1. Risk Control:
   • The EA adheres to strict risk management principles.
   • It aims for consistent profits while minimizing losses.
2. Backtesting and Optimization:
   • The strategy has undergone rigorous backtesting and optimization.
   • Historical performance validates its effectiveness.

Conclusion

The EA Trend Following combines technical analysis, risk management, and automation to navigate the financial markets successfully. Traders seeking a reliable and disciplined approach can confidently deploy this EA in their trading journey.