The Trend Finder Metatrader 4 Forex Robot is an automated trading system that triggers buy/sell market alerts when there is a breakout from historical minimum/maximum psychological price levels.
The Trend Finder MT4 robot also utilizes a slow and fast moving average to define the direction of trade triggers.
There are critical system functions that are found on the Trend Finder EA such as the “Enable no loss,” which balances the opening of positions to ensure profitability.
On the face of it, the Trend Finder forex robot also has Trailing Stop Loss and Take Profit system functions that ensures profits.
Fiddling with the Trend Finder robot’s input values yields a more tailored expert advisor.
Strategy Tester Report
Find below the Trend Finder forex robot strategy tester report for the GBP/USD forex pair on the daily chart.
The EA made a total profit of $6335.10 from a total of 150 trades. The largest winning trade generated $389.06 in profits, while the largest losing trade generated a loss of-$314.35.
Bars in test: 2411 ticks modelled
Initial deposit: $10000.00
Total net profit: $6335.10
Total trades: 150
Largest profit trade: $389.06
Largest loss trade: -$314.35
Consecutive wins: 3
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Distance, Momentum_Sell…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the TREND FINDER.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)