PZ Reversal Trend Following EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources

The developer of this EA is Arturo Lopez, founder of Zero Point Trading Solutions .

Trend following systems may look different, but the principle elements remain the same. The reversal system, a very common system, comes in two modes: long or short. It is always in the market and closes a position by opening a new one in the opposite direction.

With the help of this MT4 Expert Advisor, you can go long or short at any time for a given time. You enter a long position and exit a short position if the current closing price is higher than the high price of the past 100 days. If the current price falls below the lowest price in the previous 100 days.

This system should be applicable to a variety of instruments to ensure that some big trends are captured to compensate for other small losses. You should trade forex, commodities, indices, interest rates, government bonds and even industry stocks . As a side note, Bill Dunn was a long-term reversal trend follower who took advantage of the Japanese Yen reaching extreme levels in 1995, reversing the system exactly like this and making incredible profits ever since.

Attachment download

📎 PZ_ReversalTrendFollowingEA.mq4 (7.56 KB)

Source: MQL5 #10956