TrendRider EA — Free Download & Guide
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TrendRider is a free trend-following EA for MetaTrader 5. It trades pullbacks in the direction of a higher-period moving-average filter, opens one position at a time, and protects the account with a fixed per-trade risk and a daily loss cap.
What it does
- Trades only in the direction of the slow-MA trend filter
- One position at a time — no grids, no martingale
- Risk set as a % of balance, sized automatically from the stop
- Optional break-even and ATR trailing stop
- Daily loss cap pauses trading after a set drawdown
Key settings
| Setting | Default | Notes |
|---|---|---|
| Risk per trade | 1.0% | Keep 1–2% while testing |
| Fast / Slow MA | 21 / 200 | Pullback vs trend filter |
| Stop loss | 1.5 x ATR | Stop distance |
| Take profit | 2.0 R | Reward-to-risk |
| Daily loss cap | 4% | Trading pauses if hit |
How to install
Download the file, drop it into your MetaTrader Experts or Indicators folder, restart the platform, then drag it onto a chart (enable AutoTrading for EAs). Full walkthrough in our MT4/MT5 install guide.
Run it live: New to MT5? Open a demo or live account with Exness or Deriv and test it risk-free first. (Affiliate links — see disclosure.)
Limitations to understand
Trend systems give back profit in ranging markets and on sharp reversals. Backtest across several years and forward-test on demo before going live.
Risk warning. Educational use only — not financial advice. No guarantee of profit, and past performance does not indicate future results. Test on a demo account first; you can lose more than your deposit trading leveraged products.