Forex Trend Detector

⭐ FOREX TREND DETECTOR REVIEW

Foreign Exchange Robot: Forex Trend Detector

Software Programmer: The team of Wallstreet Forex

Scalping: Scalping the M5 chart using a low-risk volatility-breakout strategy

Forex Pairs: EURUSD (but it can trades other pairs as well)

Trading Platform: MetaTrader-4

License: 1 Real Account License / 2 Demo Accounts / Lifetime updates

Pricing: 247 USD

» The Forex Trend Detector

📋 INTRODUCTION TO FOREX TREND DETECTOR

Forex Trend Detector is an automated Forex software for MetaTrader 4, compatible with all MT4 brokers and those using ECN-type order execution. It employs tight management and profit protection through several filters. The system trades selectively, accepting only trades with a high reward-to-risk ratio. Its success is based on a volatility breakout strategy, which uses statistical techniques and years of raw market data analysis to identify and trade breakout signals. The recommended setup includes a PC with a 2 GHz CPU, 4 GB RAM, and Windows XP, Vista, 7, 8, or 10.

⚙️ FOREX TREND DETECTOR ALGORITMH

🔧 FOREX TREND DETECTOR PARAMETERS

The Expert Advisor automatically detects whether a Forex broker uses four-digit or five-digit quotes. Below are the most important settings of the EA.

Forex Trend Detector General Settings

Magic – this parameter allows the Forex Trend Detector to recognize its own positions without mixing its action with other systems in the same account

Backtest_GMT_Offset - this parameter adjust the EA time with your Forex broker server’s time in order to back-test the robot properly

MaxSpread – the maximum spread the Forex robot is allowed to trade (by default 4-digit pips), partial values may be entered

MaxSlippage - the maximum slippage the Forex robot is allowed to trade (by default 4-digit pips), partial values may be entered

StealthMode (true/false) –if TRUE the EA hides Stop-Loss and Take-Profit orders from your Forex broker

RecoveryMode (true/false) – if TRUE the RecoveryMode is designed to compensates drawdowns by increasing trading lots

RecoveryMultiplier – this parameter is used along with the RecoveryMode, the standard setting is 1.05 and that means that the Expert Advisor will increase the next trade by 1.05 until the loss is fully recovered

FixedLots – defines the extent of the fixed volume

AutoMM – activates the automatic risk management

AutoMM_Max – defines the max allowed risk expressed as a percentage of the account (calculated on a basis of 100 pip)

MaximalLots – defines the maximum allowed lots the Expert Advisor is allowed to trade

MaxTrades – defines the maximum allowed trades the Expert Advisor is allowed to execute

CustomTakeProfit – defines the custom Take Profit value

CustomStopLoss – defines the custom Stop Loss value

TrailingStop –defines the Trailing Stop value

StartTrailStop – defines the min profit of the position in pips, on which the Trailing Stop will apply

SafeExitMinutes – enters time in minutes, after which the position will be closed

SafeProfit – profit/loss in pips on which the trade will be forced to close

» The Forex Trend Detector Expert Advisor

✅ FOREX TREND DETECTOR REVIEW PROS

◘ Easy-installation and a user guide (.PDF)

◘ Forex Trend Detector is designed to adapt automatically to any market conditions (no need for optimization)

◘ The Algorithm uses a high Reward / Risk ratio and tight stop-loss orders, and that means less risk

◘ Forex Trend Detector incorporates Spread & Slippage Control plus Profit Protection

◘ Start trading with $100 (the recommended deposit is above $1,000)

◘ Forex Trend Detector offers two (2) months Money Back Guarantee

◘ Customer support in 24/7 basis

❌ FOREX TREND DETECTOR REVIEW CONS

◘ Forex Trend Detector can only trade EURUSD

◘ A little bit expensive

💭 FOREX TREND DETECTOR REVIEW CONCLUSIONS

The EA is programmed to trade exclusively on EUR/USD in the M5 chart and offers many useful features. One key advantage of this automated software is its ability to capitalize on volatile market conditions while managing risk effectively. It focuses on long-term performance by trading selectively and maintaining a high reward-to-risk ratio. The Forex Trend Detector costs $247, which includes one real account license, two demo account licenses, and lifetime updates.

» Forex Trend Detector Web

◙ FOREX TREND DETECTOR REVIEW

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