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Name: Algo Trend
Version: New update
The Right Platform: MetaTrader 4 (MT4)
Algo Trend EA is a trading tool designed to work efficiently on FTMO-funded accounts as it runs on the MT4 platform and uses the trend approach in trading which allows trading across 28 pairs and gold as well.
Algo Trend EA MT4 is suitable for all professional and beginner traders as it improves their trading performance in the Forex market. Whether you are looking for an easy way to make profits in the Forex market or a trading method different from manual trading, the Expert can help you with that.
Name | Fit |
---|---|
Trading Platform | Meta Trader 4 (MT4) |
Minimum Deposit | $500 |
Currency Pairs in use | XAUUSD (Gold), 28 Currency Pairs |
Applicable Timeframes | M30, H1, H4 |
Setup Files | Available |
Product Type | NoDLL / Unlimited / Fix |
How to install Algo Trend EA
1 – Download the Expert
Download the Expert file from the email sent to you
How to Extract a File from Winrar?
First, if you don’t have Winrar here is the download link, download and install
https://www.win-rar.com/download.html?&L=0
Right-click on the WinRAR file and select ‘Extract Here’ to extract the files in the current location. Alternatively, choose ‘Extract to’ if you want to extract the files into a specific folder.
2 – Add the Expert to the platform
- Open the trading platform and choose File –> Open data folder
- Then go to the MQL4 folder –> Experts
(if the expert works on MT5 then you will choose MQL5 instead)
- Put the Expert file in this folder
- restart the platform
3 – Run the Expert
- Choose the appropriate pair for the Expert and then drag the Expert from the navigator window and place it on the chart (or simply Double click on it)
- Make sure that auto trading is activated in the platform and the Expert as well
Conclusion
Algo Trend EA is a trading tool designed to overcome the challenge of Propfirm funded accounts and the EA has achieved great results on many accounts on FTMO as it uses risk management appropriate to the conditions of funded accounts.
Disclaimer: The backtesting results provided do not guarantee the same performance when using the Expert Advisor on your live account. Performance may vary due to factors such as market conditions, spreads, and slippage. It is highly recommended to first run the Expert Advisor on a demo account for a sufficient period to test its performance and ensure it aligns with your trading strategy and goals.