Trend Shield EA V1.0 : A Comprehensive Guide
Introduction: The Trend Shield EA V1.0 is an automated trading system designed for MetaTrader 4 . It aims to capitalize on medium-term trends in the forex market. In this guide, we’ll explore the recommended settings, including the minimum deposit, optimal time frame, and preferred currency pair.
Recommended Settings
- Minimum Deposit: $100
- The EA can be activated with a modest initial investment of $100.
- Timeframe: H1 (1-hour chart)
- The EA operates most effectively on the 1-hour timeframe.
- Currency Pair: GBPUSD
- The GBPUSD pair is the preferred choice for trading with the Trend Shield EA V1.0.
Key Features
- Strategy Overview
- The Trend Shield EA V1.0 employs a trend-following strategy. It identifies medium-term trends and enters trades accordingly.
- Automatic Trading
- Once configured, the EA operates automatically, executing buy or sell orders based on predefined rules.
- Risk Management
- All trades are covered by fixed stop loss (SL), take profit (TP), and trailing stop.
- No Grid or Martingale
- The EA avoids risky grid or martingale strategies.
- High Spread Compatibility
- The EA works well even with higher spreads.
Strategy Details
The Trend Shield EA V1.0 focuses on the following aspects:
- Trend Identification: It analyzes three timeframes (H1, M5, and M1) to determine the overall trend. The slope of the trend line is calculated using the LinRegrBuf indicator.
- Entry Conditions:
- Short Position:
- If the trend slope is negative, and both the signal chart (M5) and timing chart (M1) show overbought conditions, the EA enters a short position.
- Long Position:
- If the trend slope is positive, and both the signal chart (M5) and timing chart (M1) indicate oversold conditions, the EA enters a long position.
Conclusion
The Trend Shield EA V1.0 MT4 offers a balanced approach between frequent trading and long-term holding. By following the recommended settings and understanding its strategy, traders can harness its potential for profitable trades.
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