What is trend following?

Trend Following is a trading strategy that follows the current market trend. For this style of trading, the directional movement of the price is being identified and the trend followed until it reverses. Traders using the Trend Following strategy do not aim to predict certain price levels, they simply follow the market trend. A trend is defined by the fact that the majority of market participants possess and hold the same market opinion over a longer period of time. Now and then there are times when the market follows a very long trend. Even beginners on the market and followers can make good money with Trend Following in these market phases. A so-called stock market bubble is the result of an exaggerated trend; when it bursts, it is often followed by a strong counter-movement.

Trend Following – with the help of Expert Advisers

The trend order is one of the most popular and lucrative stock market strategies. To detect a trend, classic indicators such as the moving average, Bollinger bands or standard deviation are often being used to determine the general direction of the market. To relieve the trader, one can, with the help of so-called Expert Advisor, automatically scan the traded markets for Trend Following opportunities. Automatic programs constantly monitor even the tiniest market movements. This saves a lot of time as the constant control of the chart for good trading opportunities becomes superfluous. If the program discovers a cheap buying opportunity, a trading signal will be generated immediately.

Trend Following – made easy with PlentyTrade

Using our Expert Adviser will save you the hassle of searching for trend markets. Our platform provides you with a variety of Trend Following strategies for instant usage. Choose the strategy which best suits your needs and send the signals directly to your MT4 account. However, professional traders always trade multiple strategies simultaneously. This makes it possible to reduce risk and maximize revenue. With the help of PlentyTrade, the creation of a portfolio is a piece of cake. Only a few mouse clicks and you can create your own PlentyFolio, differentiating yourself from the majority of traders.

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Click now or later on the question mark icon for an introduction to our platform in less than a minute.

We recommend following this tour on a desktop PC. If you are using a tablet or a phone, please try holding it in a landscape position.

Step 1 of 5

Introduction to our platform in less than 1 minute.

Click on a system name to see this system with all the statistics in a large chart.

Step 2 of 5

If you add a system to simulation later, use the - and + keys to control the risk per trade. An explanation can be found above the - and + keys when you mouse over the i - icon next to 'Risk per Trade in%'.

The Risk control panel also shows you how the adjustment changes the risk of the system. For a detailed description, now mouseover the i - icon next to Risk control .

Step 3 of 5

In this menu you will find over 100 tested trading systems. Only the best 10 systems per currency pair are displayed.

Now set the slide switch of any system to "On". Repeat this for up to 10 different systems to create your own PlentyFolio.

Step 4 of 5

Now click Simulation to go to the simulation page. You will then see your newly activated system with all statistical key figures and a large chart in the middle of the screen. Try it out!

Step 5 of 5

The number of your selected trading systems sending signals to your account can be found in this circle.

As a registered user, you can send the signals from this system to your account by clicking "Add to Plenty EA" .

Now click on a green "Add to Plenty EA" button to end this tour and sign up for a free demo account. Then start by clicking the question mark icon ( In the menu next to the "LOGIN" button), re-introduce the guide to learn how to use the Plenty EA.

Step 6 of 5

Your chosen strategy has now been added to your account. You'll find the number of strategies that send signals in a circle.

Demo EA sends the signal to your trial account and Plenty EA to your live account.

To switch to the account view, click Demo EA / Plenty EA.

Step 7 of 5

This is the end of our short introduction. You are now in your account view. The newly added system can be found on the right in the Trading System List (TSL). Click on the button "ALL SYSTEMS" to open the TSL.

For a detailed description of using our platform, see Tutorials .