Trading Robots for MetaTrader 5
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MetaTrader 5
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Overview
Horse Rider — A Simple Trend-Following EA for Swing Trading
No martingale. No arbitrage. No grid. No high-frequency trading. This expert advisor offers a clean, focused approach to trend-following without unnecessary complexity.
Horse Rider is designed for swing trading, emphasizing large wins and controlled losses. Its foundation is built for adaptability and consistency across varying market conditions.
While originally developed with prop firm environments in mind, Horse Rider suits a wide range of account types. There’s no dependency on ECN or ultra-low spreads. Users have access to controls for drawdown management, trade exposure, and event filtering. A news filter is included to help navigate volatile announcements.
Note: Only one position is active at a time. If used on a prop firm account, be sure to change the magic number to avoid conflicts.
Strategy Overview
The EA initiates trades when its entry rules are met, using indicators including moving averages and envelopes. There is no static Take Profit level. Instead, a trailing stop-loss is employed to manage trades dynamically, allowing potential trends to develop without imposing arbitrary exit points.
By following momentum, the EA seeks to capture extended market moves while maintaining protection against reversals.
Specifications
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Currency Pair: XAUUSD
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Timeframe: H1
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Preferred Account Type: Hedge
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Minimum Account Size: $100
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Minimum Leverage: 1:30
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VPS Recommended: Yes—for uninterrupted operation
Horse Rider is developed specifically for trading XAUUSD on the H1 timeframe. Results may vary on other pairs or timeframes.
Important Notice
Trading carries significant risk. The performance of any strategy is subject to market conditions, which can change unpredictably. Users should fully understand the risks involved and test the EA in a demo environment before deploying it on a live account. Use appropriate risk management at all times. This tool is intended for strategic support and does not constitute financial or investment advice.
