Trend Following Retrace EA V1.10 MT4 – Complete Guide for Smarter Trend Trading
Forex trading continues to evolve with advanced algorithms that analyze price action far more efficiently than manual trading. One such tool gaining popularity among traders is the Trend Following Retrace EA V1.10 MT4, a fully automated Expert Advisor designed specifically for traders who believe in trend continuation but want to enter trades at optimal pullback zones rather than chasing the move.
This EA combines trend analysis, retracement detection, and position timing to create a systematic trading approach that reduces emotional bias and enhances decision-making accuracy. In this detailed guide, we will explore how the Trend Following Retrace EA works, its features, recommended settings, advantages, and why many traders prefer this version for medium-risk and long-term consistency.
What Is Trend Following Retrace EA V1.10 MT4?
Trend Following Retrace EA V1.10 MT4 is an automated trading system that identifies strong market trends and waits for price retracement before entering a trade. Instead of opening trades at breakout levels, the EA focuses on the pullback stage because this area provides:
-
Better entry prices
-
Lower drawdown
-
Higher probability setups
-
Improved risk-to-reward ratios
Retrace trading is one of the most reliable strategies in forex because markets rarely move in a straight line. Every trend has multiple corrections, and this EA capitalizes on those corrections to capture bigger moves.
The V1.10 version brings improved filtering, better money-management logic, and enhanced sensitivity to market volatility, making it safer and more efficient than previous builds.
How the EA Analyzes Trends
The Trend Following Retrace EA uses a combination of technical instruments to detect trend direction and strength. Although the developer keeps the exact logic private, the system generally relies on:
1. Moving Average Structure
The EA automatically identifies whether the market is trending up or down by analyzing multiple MAs and their positioning.
For example:
-
Price above key moving averages = uptrend
-
Price below key moving averages = downtrend
This ensures that entries always align with the dominant market direction.
2. Market Retracement Algorithm
Once a trend is confirmed, the EA does not enter immediately. Instead, it waits for a healthy pullback such as:
-
A dip to a dynamic support
-
A correction to a moving average
-
A Fibonacci retracement zone
-
A pullback candle pattern
-
A volatility compression area
This is where the EA excels because most breakouts fail, but retracements offer significantly safer entries.
3. Price Action Confirmation
The EA also checks candle behavior to verify momentum shift before opening a position. This prevents false entries during weak trends or ranging markets.
Key Features of Trend Following Retrace EA V1.10 MT4
1. Smart Trend Filtering
The EA identifies strong, clean trends only. It avoids sideways markets, ensuring that trades occur during healthy momentum phases.
2. Retracement-Based Entry Logic
Instead of buying at the top or selling at the bottom, entries occur when the market gives a corrective move. This ensures better entry accuracy and lower drawdown.
3. Fully Automated Trading
From trend detection to order placement and stop-loss adjustments, everything is handled automatically.
4. Dynamic Stop Loss and Take Profit
The EA uses dynamic risk protection tools like:
-
ATR-based stop loss
-
Market-structure stop loss
-
Trendline adaptive targets
This makes positions flexible based on market volatility.
5. Spread and Slippage Protection
To avoid unnecessary losses, the EA includes built-in filters that stop trading during:
-
High spreads
-
Extreme volatility
-
News spikes
6. Partial Closure + Trailing System
When trades go into profit, the EA can:
-
Close partial positions
-
Trail the rest
-
Lock overall profit
This increases the chances of capturing large trend extensions.
7. Multi-Pair Support
The EA works on all major and minor forex pairs including:
-
EURUSD
-
GBPUSD
-
USDJPY
-
AUDUSD
-
XAUUSD
-
USDCAD
-
EURJPY
For best results, stick to trending pairs like GBPJPY, EURJPY, and XAUUSD.
Recommended Timeframe and Minimum Deposit
-
Recommended Timeframes: M15, M30, H1
-
Minimum Deposit: $200
-
Recommended Leverage: 1:200 or above
-
Account Type: ECN or Raw Spread preferred
Higher timeframes give more accurate trend identification, but M15–M30 offers a nice balance between frequency and reliability.
Best Broker Conditions for this EA
Although the EA can work with any broker, the ideal conditions include:
-
Tight spreads
-
Low slippage
-
Fast execution
-
Allow hedging (optional)
Gold pairs and cross pairs require especially low spread conditions to perform well.
Who Should Use Trend Following Retrace EA V1.10 MT4?
This EA is suitable for:
1. Traders Who Prefer Low to Medium Risk
Retrace entries naturally reduce drawdown.
2. Traders Who Do Not Want to Stay on Charts Full Time
The automation makes it perfect for working professionals.
3. Trend Followers
If you enjoy strategies that follow the main market move, this EA is ideal.
4. Prop-Firm Traders
If configured properly with risk control, this EA can be adapted for prop trading rules.
5. Gold Traders
Because XAUUSD trends strongly, retracement logic performs exceptionally well.
Installation and Setup Guide
Step 1: Download the EA File
You will receive an MQ4 or EX4 file. Copy it to your MT4 installation.
Step 2: Install into MT4
-
Open MT4
-
Navigate to File > Open Data Folder
-
Go to MQL4 > Experts
-
Paste the EA
Restart MT4 to load the EA.
Step 3: Apply to a Chart
-
Select your preferred timeframe
-
Drag the EA onto the chart
-
Enable Auto-Trading
Step 4: Configure Inputs
You may adjust:
-
Lot size
-
Risk percentage
-
Magic number
-
TP/SL settings
-
Max spread filter
Use default settings if you are new.
Performance and Expected Results
Trend Following Retrace EA V1.10 MT4 performs best during trending markets. Expect:
1. Small but Consistent Wins
Many trades target smaller gains with high accuracy.
2. Low Drawdown
Because entries depend on retracements, risk remains controlled.
3. Moderate Monthly Returns
With proper risk settings, traders often target:
-
5% to 15% per month
Higher risk settings can increase profitability but may also increase drawdown.
4. Long-Term Growth
When used during sustained market trends, the EA delivers excellent long-term growth curves.
Risk Management Tips
Although the EA is safe, follow these tips:
-
Do not increase lot size aggressively
-
Use a VPS for uninterrupted trading
-
Monitor news events
-
Avoid over-trading with too many charts
-
Regularly update settings based on volatility
Good risk management will keep your equity curve stable.
Final Thoughts
Trend Following Retrace EA V1.10 MT4 is a robust and reliable trading system for traders who want to capture trend movements without suffering from bad entries. Its logic is based on identifying a powerful trend and timing entries at optimal pullback regions, giving traders an advantage over impulsive breakout strategies.
With tight risk control, strong trend analysis, and automated execution, this EA is ideal for both beginner and advanced traders. Whether you trade gold, forex pairs, or cross pairs, Trend Following Retrace EA offers a stable and intelligent way to participate in market momentum with improved accuracy.
