Trend following strategies are very popular on the Forex market. The idea is to determine a strong unidirectional movement, to find good entry points and — what is also very important — to properly determine the exit point. For the purposes outlined in this article, I selected some technical tools that directly or indirectly determine the trend. Based on these tools, 10 trading strategies were implemented in the form of Expert Advisors for MetaTrader 5. Based on the results of these Expert Advisors, I analyzed the advantages and disadvantages of each trading strategy and compared their performance. The purpose of the article is to provide the reader with the fullest possible information about the strong and weak points of trend following trading. Some other trend following strategies are also described in the article Several ways of finding a trend in MQL5.

Read more - Comparative Analysis of 10 Trend Strategies