ReitakFX ProTrend EA is located on the MQL5 marketplace under the Experts heading. It was uploaded to the MQL5 marketplace on the 28th of March 20202, it was created by Boris Sedlar. Since it has been uploaded, there have been no updates, so the current version of the software is still 1.0.
Overview
ReitakFX ProTrend EA was designed to be used with the MetaTrader 4 trading platform, it is an expert advisor that works as an automated version for an indicator which was titled ProTrend Indicator.
The EA works by using various EMAs, along with some very specific averaging algorithms. The Ea works with forex currencies, commodities, stocks, crypto, and more, it also works on all time frames but it is recommended to use it on the H1 and H4 timeframes.
There are some additional settings that come with the EA, this can slightly alter the way that the EA functions. Some of the options available include whether to use Ueiken Ashi, to use fixed lots, type of money management to use, lot size multipliers, stop losses, take profits, max positions, and more.
Service Cost
The expert advisor will cost you $50 to purchase, this is an outright purchase that will get you up to 5 activations with no further limitations. There is not an option to rent this EA. There is a free demo version available, this will only be usable with the strategy tester within the MT4 platform though.
Conclusion
There are currently no reviews available for the ReitakFX ProTrend EA, this means that we cannot see whether those that are using it are finding it useful and if it is profitable or not. There is one comment, the developer did not reply to the comments directly but they did complete the task that was asked of them, so while communication could be better, it does seem like the developer is still actively supporting the EA which is a great thing to see.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47770
