Trend Following Low (MT5) — review, price and free alternatives

Trend Following Low is distinctive because it targets the Euro/Yen cross with a disciplined, data-driven trend-following methodology tuned for the H2 timeframe. The developer, Sergio Tiscar Ortega, published a free version that cannot modify parameters, which preserves the optimized behavior used in testing and simplifies deployment for many users. The EA uses volatility-adjusted filters to identify trending conditions and applies momentum confirmation before initiating positions. Exit logic is a strong point: the system combines dynamic trailing stops with technical take profit mechanisms to lock in gains and limit downside. This combination favors letting profitable trends run while trimming exposure when volatility reverses.

The algorithm operates on a moderate trade frequency profile, executing more trades during clear trending regimes and fewer during range-bound periods. Because entries are derived from high-resolution Dukascopy M1 tick data and aggregated to H2 candles for decision-making, signal quality tends to be reliable across market sessions. Risk controls emphasize small position sizing relative to account balance and conservative drawdown thresholds implemented through exit rules. In my analysis, Trend Following Low demonstrates steady equity growth in favorable trend environments, with occasional longer corrective drawdowns typical of trend-following systems. The EA is transparent about limits: the free build disallows parameter tuning, which reduces flexibility but enhances reproducibility of published performance.

Risk for Trend Following Low should be considered moderate due to the nature of trend-following algorithms that can experience extended drawdowns during whipsaw markets. The EA uses trailing stops and technical take profit levels rather than a fixed stop loss per trade, which helps cut losses on reversals but can leave positions exposed to gap risk. Position sizing is best handled with a fixed fractional approach, using 0.5% to 2% risk per trade depending on trader tolerance. Vulnerabilities include choppy, low-volatility ranges and sudden macro-driven spikes in JPY pairs.

Install the provided EX5 file into the MT5 Experts folder, then restart MT5 to refresh the navigator panel. Drag Trend Following Low onto an H2 chart for EUR/JPY and enable automated trading in platform settings. Note that the free version disallows parameter changes, so no parameter tuning is required or possible. Choose brokers with ECN or STP execution and tight EUR/JPY spreads to minimize slippage. Run forward testing on a demo account for at least 60 calendar days and compare equity curves to published live-tested results before going live. Use reasonable leverage and start small when migrating to a funded account.