Trend Power EA
Trend Power Bot is One of The Most Successful Expert Advisors
Trend Power Bot is the most advanced FREE forex robot (free expert advisor). Trend Power Bot is a unique combination between highly efficient breakout detecting algorithm and very effective drawdown compensation money management. The money management could be considered a martingale, but used with low risk, the strategy survives 20+ years trading with acceptable drawdown.
The default /safe/ risk is 0.2% (0.02 lots per $10k account equity) and this is extremely safe. However, if you decide to try your luck, you can bump the risk up to 1% (0.1 lot per $10k account equity) - this could be extremely profitable, but you have to acknowledge the risk.
The strategy is long-term profitable even without the drawdown compensating algorithm, but the efficiency cannot be compared. This system is designed for people which are “all in” type of persons. We are conservative developers, but we’ve noticed that many traders are jumping on that kind of systems sold for thousands of dollars here … so here you a free one, which is better.
Trend Power Bot Features:
Strong, pure and simple trading logic
Reasonable TP and SL levels
Exit by a trailing stop,
High spread, slippage and broker protection
Recommended timeframe: M5
Recommended backtest method: M5 by every tick
Supported currency pairs: GBPUSD
Since Trend Power Bot supports only GBPUSD currency pair the default settings are the recommended settings. No need to load any .set files nor to run optimization. Use the EA with the default settings.
Trend Power Bot Settings
==== Risk Management ====
==== General Settings ====
Trend Power Bot is COMPATIBLE WITH MAC OS and Windows OS!
Trend Power Bot is compatible with the most well known and used Operating Systems Mac OS + Windows OS. Our developers have been working very hard to adapt Trend Power Bot to be compatible with all popular Operating Systems. Mac OS and Windows are the most popular OS around the world and therefore we have developed Trend Power Bot to be compatible with them.
How to backtest Trend Power Bot
If you wish to back-test Trend Power Bot, first you should download history from the MetaTrader history center: click Tools -> History Center, or press the "F2" key of the keyboard. In the list, find the currency pair that you wish to back-test and double click to expand it. Click "1 Minute (M1)" and then click "Download". When the download process is finished, double click on "5 Minutes (M5)” and "15 Minutes (M15)" to convert the M1 data (repeat this for the rest of the time frames). Close the "History Center" window. Restart the MT4 terminal in any case. Check the below image!
To open the "Strategy Tester" window click the "Strategy Tester" button of the MetaTrader menu, or press "Ctrl+R" on the keyboard. In the "Strategy Tester" window chose Trend Power Bot, chose one of the supported currency pairs, chose M5 timeframe, chose the method "Every tick ...", as shown below. Click "Start" to start the back-test.