Introduction
The Follow The Trend EA is a forex software that empowers traders to leverage the Advanced Breakout strategy. This long-term Expert Advisor (EA) for MT5 is engineered to identify and determine pending order positions, offering a safe and stable approach to forex trading. However, to assess its comparative value, let's juxtapose it with one of the EASY Trading Team's creations, for instance, EASY Trendopedia, EASY Scalperology, or EASY Breakopedia.Comparison with EASY Robot
When comparing Follow The Trend EA with EASY Breakopedia, several differences become apparent. EASY Breakopedia is renowned for its adaptive breakout strategy, which is optimized for various forex pairs and timeframes, unlike the singular focus on USDJPY and H1 timeframe of Follow The Trend EA.Key Differences:
1. Strategy Versatility: EASY Breakopedia excels with multiple forex pairs and timeframes, making it a more versatile choice than Follow The Trend EA.
2. Risk Management: EASY Breakopedia features an enhanced risk management system, ensuring lower drawdowns and more stable returns.
3. Profitability: EASY Breakopedia has a higher Profit Factor, boasting 1.45 compared to the 1.36 of Follow The Trend EA.
4. User Input: EASY Breakopedia requires minimal user intervention, while Follow The Trend EA needs manual setting adjustments for optimal performance.
Pros and Cons
Follow The Trend EA:
Pros:
- Proven Advanced Breakout strategy
- Long-term profitability with a 1:2 Risk: Reward ratio
- Low Maximal Drawdown of 11.75%
Cons:
- Limited to USDJPY pair on H1 timeframe
- Requires more manual adjustments
- Lower Profit Factor compared to some competitors
EASY Breakopedia:
Pros:
- Versatile across multiple pairs and timeframes
- Advanced risk management
- Higher profitability and user-friendliness
Cons:
- May require a higher initial deposit
- Complex internal mechanisms might not be transparent to all users
Optimal Conditions for Using Follow The Trend EA MT5
Follow The Trend EA performs best in trending markets, especially for USDJPY on the H1 timeframe. It is ideal for traders who prefer long-term strategies and are comfortable with occasional drawdowns, given its Risk: Reward ratio and the Profit Factor.The Source Code of Follow The Trend EA MT5
We do not have access to the original source code of Follow The Trend EA MT5 sold on MQL5, but we can create similar code based on the description available on the MQL5 website. If users have questions regarding the code, they are encouraged to ask them on the forum. This is an example code generated by easytradingforum.com, based on the description of Follow The Trend EA MT5. Note that EASY Trading Team does not sell Follow The Trend EA MT5; we only created a trading robot based on its description.
Code:
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Download Follow The Trend EA MT5 - Proven Forex Software with Stable Returns
For those interested in exploring the Follow The Trend EA MT5 further, visit the detailed review and documentation available at this link.We encourage users to share their experiences and insights on our forum. Your feedback helps in refining future versions of such tools.