๐งฉ What is Trend Predictor EA?
The Trend Predictor EA for MT4 is a grid-based automated trading system combined with trend prediction logic. From the configuration shown, this EA is designed for high-frequency averaging strategies, moderate risk tolerance, and flexible bi-directional trading.
This review breaks down each settings group, explains their impact on performance and risk, and provides a final expert conclusion.
๐งฉ Main Settings Analysis
โก๏ธ Success Rate: 50.0
- Indicates the EA assumes a balanced win/loss probability.
- Suitable for grid or recovery strategies where profitability relies on position averaging, not high win rate.
โก๏ธ First Order on New Signal Only: true
- Prevents repeated entries on the same signal.
- Helps reduce overtrading and signal noise.
โก๏ธ Can EA Work in Both Directions at the Same Time: true
- Allows hedging behavior (buy and sell simultaneously).
- Increases exposure but improves adaptability in ranging markets.
โก๏ธ Order Lots: 0.02
- Small initial lot size โ risk-controlled scaling.
- Suitable for small to medium accounts.
โก๏ธ Enable Autolot Calculation: false
- Fixed lot trading.
- Gives traders full manual control over risk per trade.
โก๏ธ Autolot Deposit per 0.01 Lots: 1000.0
- Inactive because autolot is disabled.
๐งฉ SL & TP (Risk Management) Settings
โก๏ธ TakeProfit Mode: Close position on TP1
- Positions close individually when TP is hit.
- Helps lock in profits gradually.
โก๏ธ TakeProfit in Points: 75
- Short-term profit target.
- Optimized for scalping or grid recovery trades.
โก๏ธ StopLoss Mode: Without StopLoss
โ ๏ธ High Risk Alert
- No hard stop loss.
- Risk is controlled only by grid averaging, not by price invalidation.
โก๏ธ StopLoss in Points: 500
- Ignored due to SL disabled.
โก๏ธ Allow Overlap TP (Last & First Orders): false
- Prevents TP collision across early and late grid trades.
โก๏ธ Allow Overlap TP After Number of Orders: 5
- Helps optimize exit behavior when grid expands.
๐งฉ Grid Trading Settings
โก๏ธ Use Grids: true
- Confirms this EA is a grid-based strategy.
โก๏ธ Averaging by Trend Filtering: false
- Grid orders are placed regardless of trend strength.
- Increases risk in strong trending markets.
โก๏ธ Step Between Orders: 200 points
- Medium grid spacing.
- Balances drawdown vs. recovery speed.
โก๏ธ Multiplier: 1.5
- Mild martingale behavior.
- Safer than aggressive multipliers (โฅ2.0).
โก๏ธ Orders Number Limit: 200
- Extremely high limit.
- Requires large margin and strong drawdown tolerance.
๐งฉ Trend Predictor Settings
โก๏ธ Period: 3
- Very sensitive trend detection.
- Suitable for short-term scalping, but prone to false signals.
โก๏ธ TakeProfits Target: 2.0
- Internal trend profit coefficient.
- Encourages quick exits.
โก๏ธ StopLoss Target: 1.0
- Internal logic threshold, not a real SL.
โก๏ธ Maximum Bars: 500
- Trend calculation uses sufficient historical data.
๐งฉ Multi-Timeframe Trend Filtering
โก๏ธ Use Additional Trend Predictor Filtering: false
- EA trades using single timeframe only.
- Faster signals, but less confirmation.
โก๏ธ Period for Multi-Timeframe Filter: Current
- Disabled, but flexible if activated later.
๐งฉ Working Time Settings
โก๏ธ Work on Time: false
- EA trades 24/5 without time restrictions.
- Can be risky during:
- Low liquidity sessions
- High-impact news events
๐งฉ Notifications Settings
All notifications are disabled:
- No push notifications
- No email alerts
- No MT4 alerts
โก๏ธ Suitable for VPS-based fully automated trading, but not ideal for manual supervision.
๐งฉ Advisor (EA) Settings
โก๏ธ Magic Number: 12345
- Unique trade identifier.
- Allows safe multi-EA usage.
โก๏ธ Slippage Limit: 100
- Accepts high slippage.
- Useful for volatile markets but may reduce entry precision.
โก๏ธ Spread Limit: 1000
- Very permissive.
- EA can trade even during wide spreads.
โก๏ธ Maximum Size of Orders: 100.0 lots
โ ๏ธ Extremely dangerous if margin is insufficient.
โก๏ธ Allow OP_BUY & OP_SELL: true
- Full market flexibility.
โก๏ธ Allow Open New Orders After Close: true
- Enables continuous trading cycles.
โก๏ธ One Order per Bar Filter: true
- Prevents multiple entries on the same candle.
- Improves trade discipline.
๐งฉ Final Conclusion (Expert Verdict)
โก๏ธ Strengths:
โ Flexible grid-based strategy
โ Small initial lot size
โ Moderate multiplier (1.5)
โ Bi-directional trading
โ Trend-based entry logic
โ Suitable for ranging markets
โก๏ธ Weaknesses & Risks:
โ No hard Stop Loss
โ High maximum order limit
โ No trend-filtered averaging
โ No trading time restrictions
โ High drawdown potential
โก๏ธ Best Use Case:
- Sideways or mildly trending markets
- Large capital accounts
- VPS-based 24/5 automated trading
- Traders experienced with grid & martingale risk management
โก๏ธ Not Recommended For:
- Small accounts
- News trading
- Strong trending markets without manual supervision
