Trend Algo 1 is a trading robot designed for the EURUSD currency pair using Renko charts on the RE5 timeframe. It employs a simple trend-following strategy suitable for swing trading, holding trades from one day up to several days. The bot maintains only one open trade at a time and does not use martingale or grid strategies. It includes a stop loss set at 1000 pips for safety, though trades close based on signal logic rather than the stop loss.
Backtesting covers over 11 years (from January 2014 to April 2025) using tick data and a 0.1 lot size, demonstrating consistent profitability. The bot averages 2-3 trades per month. It recognizes open positions, allowing users to stop the bot between trades. Users can start with a minimum capital of approximately 150 euros at 0.01 lot size, with recommendations for scaling lot sizes relative to capital.
The bot supports trading with various brokers and lot sizes, though backtest results may vary by broker. It also features a percentage-based lot sizing option that adjusts lot size according to account balance, aiming for gradual growth with increased profit potential over time. This bot is intended for use on the cTrader platform.