TrendRider EA — Free Download & Review

TrendRider is a free trend-following expert advisor for MetaTrader 5. It trades in the direction of a higher-timeframe moving-average filter, opens one position at a time, and protects the account with a fixed per-trade risk and a daily loss cap. It is built for traders who want a simple, transparent rules-based EA rather than a black box.

Template note: this is an example listing that shows the page structure for the library. Replace the copy, screenshots and download with a genuinely free, open-source, or author-permitted tool before publishing.

What it does

The EA reads a 200-period moving average on the H1 chart as a trend filter and enters on pullbacks to a shorter 21-period average. It only takes longs above the trend filter and shorts below it, so it sits out of choppy, directionless conditions where trend systems tend to bleed.

One trade open at a time — no grids, no averaging down, no martingale.
Risk set as a percentage of balance, sized automatically from the stop distance.
Optional break-even and trailing stop once a trade moves in your favour.
A daily loss limit that disables trading until the next session.

Recommended settings

Setting	Default	Notes
Risk per trade	1.0%	Keep at 1–2% while testing
Timeframe	H1	Designed for hourly charts
Pairs	EURUSD, GBPUSD	Major pairs with lower spread
Daily loss cap	4%	Trading pauses if hit

How to install

Drop the .ex5 file into your MetaTrader 5 MQL5/Experts folder, restart the platform, then drag TrendRider onto a chart with AutoTrading enabled. The full walkthrough is in our MT4/MT5 install guide.

Run it live: TrendRider runs on any MT5 account. New to MT5? You can open a demo or live account with Exness or Deriv and test it risk-free first. (Affiliate links — see disclosure.)

Limitations to understand

Trend systems give back profit in ranging markets and during sharp reversals. TrendRider is not a profit machine and carries the same risks as any automated strategy. Always backtest across several years of data and forward-test on a demo account before risking real money.