FX Trendroid EA

The FX Trendoid EA is a fully automated trading software developed in 2016 that utilizes a combination of technical indicators, including stochastics, moving averages, RSI, Bollinger Bands, MACD, support and resistance lines, and price data analysis to execute trades.

If you’re considering using this forex expert advisor, you’ll want to make an informed decision based on its features. In this review, we’ll take a closer look at the FX Trendoid EA, including its strategy, features, and settings, to help you decide whether or not it’s the right trading system for you.

FX Trendroid EA Strategy

FX Trendroid EA is an automated trading software developed in 2016 that utilizes a combination of technical indicators, including stochastics, moving averages, RSI, Bollinger bands, MACD, support and resistance lines, and price data analysis to execute trades on the MT4 platform. It is designed to work on all time frames from M5 to D1.

FX Trendroid EA
FX Trendroid EA

The FX Trendroid EA uses a combination of three different trading strategies based on multiple technical indicators to identify potential trades. It is a pure swing trader robot that typically takes 1–7 trades per week and aims to capture big pips within a single trade. The EA works well on all MT4 account types with a minimum deposit requirement of $90, as the developer recommends.

One of the most important features of the FX Trendroid EA is that it is correctly coded with stop-loss and take-profit functions in stealth mode. Every MT4 broker allows this software because it is not based on scalping or arbitrage strategies and does not depend on spreads or speed. Additionally, it has an inbuilt stop-loss function to reduce trading risk and increase account security; this makes it a viable option for traders who want to automate their trading activities.

While the FX Trendoid EA has its strengths, one of the weaknesses of this automated trading system is its reliance on technical analysis indicators and strategies. Even though these can be used to find good trading opportunities, they are only based on past prices. They may not always accurately predict future market movements, especially during unexpected market events. Because of this, the EA’s performance could be hurt if the market doesn’t follow its usual patterns.

FX Trendroid EA Features

  • Utilizes a combination of technical indicators, including Stochastic, Moving Averages, RSI, Bollinger Bands, MACD, Support Resistance, line, and price data analysis.
  • Designed to work on all time frames from M5 to D1.
  • Uses a combination of three different trading strategies based on multiple technical indicators to identify potential trades.
  • Aims to capture big PIPS within a single trade and is a pure swing trader robot that typically takes 1 to 7 trades per week.
  • Works well on all MT4 account types with a minimum deposit requirement of $90.
  • Operates 24/5 and does not need to be stopped during High Impacted Data releases.
  • Correctly coded with Stop Loss and Take Profit functions in stealth mode.
  • Every MT4 broker allows this software because it is not based on Scalper or Arbitrage strategies and does not depend on spreads or speed.
  • Inbuilt Stop Loss function to reduce trading risk and increase account security.

FX Trendroid EA Settings

  • Lot Size – Automatic lot size calculation
  • AutoMM – Enables automatic lot size adjustment based on account balance
  • RecoveryMode – Enables a recovery strategy to recover losses
  • VeRecoveryValue – Sets the recovery value
  • Support Resistance – Sets the support and resistance levels
  • AutoRangeSR – Enables automatic support and resistance range calculation
  • VeSR_Ratio – Sets the support and resistance ratio
  • Virtual StopLoss TakeProfit – Enables virtual stop loss and take profit
  • V StopLoss Pips – Sets the virtual stop loss in pips
  • Ve TakeProfit Pips – Sets the virtual take profit in pips
  • V Basket TakeProfit – Sets the basket take-profit
  • MaxOrders – Sets the maximum number of orders
  • High-Impacted News Protection – Enables protection against high-impact news events.
  • TradeNFP – Enables trading during NFP news events
  • TradeFOMC – Enables trading during FOMC news events
  • TradeECB – Enables trading during ECB news events
  • TradeISM – Enables trading during ISM news events
  • TradePMI – Enables trading during PMI news events
  • TradePPI – Enables trading during PPI news events
  • TradeCPI – Enables trading during CPI news events
  • MagicNumber – Sets a unique identifier for the EA’s trades.
FX Trendroid EA Settings
FX Trendroid EA Settings

FX Trendroid EA Summary

FX Trendroid EA is a swing trading robot that uses multiple technical indicators to identify potential trades on the MT4 platform. Its use of a combination of three different trading strategies allows it to capture significant pips within a single trade, typically taking 1 to 7 trades per week.

But its reliance on technical analysis indicators and strategies could hurt its performance if the market doesn’t follow the same patterns as it has in the past. So, traders who want to use the FX Trendoid EA should use good risk management settings, try it out in a demo account first, and not just rely on how well it does.

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