Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Monitoring of real trading Advisor - click here
The MT5 version of the expert Advisor is here - https://www.mql5.com/en/market/product/84219
Keep in mind that the results on different brokers will be different, before using it, I recommend testing on your broker, also keep in mind that the results on MT4 / MT5 may also differ.
Read the blog post with the description of the adviser before starting work and if you have any additional questions, write to me in the PM.
If at your broker Symbol Name have prefix/sufix please specify it in the appropriate line in the Adviser settings!!!
A fully automatic Expert Advisor designed for trading on USDCHF/EURUSD/GBPUSD/EURCHF/USDCAD/GBPAUD/CADCHF/EURAUD/AUDCHF/GBPCHF currency pairs.
The strategy is based on price deviations in the evening, at little volatile time.
The EA uses filters to prevent potentially unprofitable trades (it will be replenished with additional filters in the future).
The Expert Advisor uses an additional filter to exit the position before the stop loss is reached.
The EA also uses GMT Offset settings to adjust the time, 2 is set by default. On the main popular brokers (IC Marke.. etc.), this value is used and does not require changes during trading/testing. If you are in doubt about the settings, please write me, I will tell you exactly how to configure.
If you have any questions, you can write to me in private messages, I am always happy to help.
In addition, I will be glad to any suggestions for improving and supplementing the functionality of the adviser.
Main Features:
- Stop loss/Take profit is always used.;
- Martingale/grid/hedging is not used, etc ;
Recommendations:
- I recommend to start testing on a demo account or with a minimum lot.
- I recommend testing on the broker you plan to trade on, because the results may differ on different brokers, using an ECN account Pro// Raw spread/Razor, etc.
- The period for testing with 100% quality is no more than 2-3 years, depending on the broker, because older quotes are not quite of high quality, this can be seen in the log at the beginning of testing (the absence of tick data in some intervals).
- Install the Expert Advisor on the USDCHF M5 currency pair.
- The recommended pairs are USDCHF/EURUSD/GBPUSD/EURCHF/USDCAD/GBPAUD/CADCHF/EURAUD/AUDCHF/GBPCHF . (if the symbol name is different, there is a prefix or suffix, specify it in the appropriate line in the Adviser settings)
- Timeframe M5.
- It is recommended to use a VPS server.
- Trading leverage is 1:100 and higher (it is possible with a smaller leverage but with a lower Risk/Lotstep AutoLot value).
- For the news filter to work need to add "https://ec.forexprostools.com " in Tools/Options/Expert Advisors/Allow WebRequest for listed URL: and click the allow checkbox
