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Exponential Trend Chaser is an MT4 expert advisor that trades the crossover of two exponential moving averages, built mainly for the EUR/USD daily chart. It keeps a position open, exits on a fixed take profit or an opposite signal, and sizes lots with a Fibonacci-style progression.
Get one message the moment it launches, with its price.
Exponential Trend Chaser is an expert advisor for MetaTrader 4 that follows the direction of price using two exponential moving averages. It is meant for the daily chart and was described mainly in the context of EUR/USD.
The EA watches a fast and a slow exponential moving average. When the fast line crosses above the slow line, it opens a buy. When the fast line crosses below the slow line, it opens a sell. The reference settings use periods of 6 and 20, but you should confirm the values in the inputs panel after loading the EA.
The system aims to hold a position most of the time. A trade ends in one of two ways:
The default logic does not use a protective stop loss. Losses are limited only by the opposite signal. In a long trend against the position, the floating loss can grow large, so this design suits traders who understand and accept that exposure.
Lot size follows a Fibonacci-style progression that starts from a small base lot, with 0.01 as the reference start. The next size depends on the open and recently closed trades. Because exposure rises after losing trades, the approach needs a reasonably large balance. A cent account or a demo account is a sensible way to learn how it behaves on smaller capital. Check the exact lot inputs yourself before going live.
Use the daily chart. EUR/USD is the pair the logic was built around. If you want to try other symbols, run the Strategy Tester first and then a demo account, because crossover systems behave differently when markets range rather than trend.
Open the inputs tab after attaching the EA. The table lists the main items you should look for; the exact names and default values may differ, so verify them on your own copy.
| Setting | Purpose | Reference value |
|---|---|---|
| Fast EMA period | Short moving average used for the crossover | 6 |
| Slow EMA period | Long moving average used for the crossover | 20 |
| Take profit | Fixed target distance in pips | 90 |
| Start lot | First step of the lot progression | 0.01 |
Crossover strategies can lose repeatedly in sideways markets, and a progression that increases lots after losses amplifies that effect. Backtests rely on historical data and do not reproduce live spreads, slippage or swaps.
Trading carries risk, and past results do not predict future ones. This EA has no stop loss in its default logic. Test on a demo account and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, trend following |
| Strategy tags | Signals, Trend |
| Main market | EUR/USD; other pairs should be tested before use |
| Timeframe | Daily (D1) |
| Entry logic | Fast EMA crosses slow EMA |
| Exit logic | Fixed take profit or opposite crossover signal |
| Money management | Fibonacci-style lot progression, small starting lot |
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No. This product is built for MetaTrader 4. It will not load in MetaTrader 5, so make sure your broker account runs on MT4 before buying.
The logic is designed around the daily chart and has mainly been looked at on EUR/USD. Other pairs or timeframes are possible, but you should test them in the Strategy Tester and on a demo account first.
The default logic does not place a stop loss. A trade is closed by the fixed take profit or when the opposite signal appears. This means a losing trade can stay open for a long time, so check your account size and drawdown tolerance carefully.
The lot progression increases exposure after losing trades, so a larger balance is advisable. There is no single safe figure. Check the lot settings against your own balance, and consider a cent account or a demo account if your balance is small.
Copy the expert advisor file into the Experts folder via File, Open Data Folder, MQL4, Experts in MT4. Restart the terminal or refresh the Navigator, then drag the EA onto a daily chart and enable automated trading.
It should run on most MT4 brokers, but spreads, swaps, and execution differ. Test on a demo account with your broker first, and check whether the broker allows hedging or has any lot size restrictions.
Exponential Trend Chaser
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