Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
The price will increase by $30 every 10 copies sold, reaching the final price of $499! Take advantage of this unique opportunity to try this brand-new EA!
LIVE SIGNAL (a bot that shows a real-time signal is far more reliable than any backtest!)
----------------------- DESCRIPTION -----------------------
New type of multicurrency scalper EA based on Linear Regression, a primary category of machine learning.
It also uses an advanced trailing stop and a virtual take profit. Does not use martingale or grids, every order comes with a stop loss.
Linear regression in forex is a classic example of supervised learning. In supervised learning, an algorithm learns from a training dataset that contains both input variables (independent) and output variables (dependent).
The goal is to develop a model that can predict the trend of the dependent variable based on new instances of independent variables.
Let’s dive into the details:
Purpose of Linear Regression
Linear regression creates a model that correlates two variables using a set of data points.
In forex trading, the two variables of interest are time (X-axis) and price (Y-axis).
By observing historical data over a specific time period, we can identify trends and create the best-fitting line to predict future price movements.
Linear Regression Line
The linear regression line represents the trend direction.
Traders often view it as the fair value price for a currency pair in the future.
When prices deviate significantly from this line (either above or below), traders may expect prices to revert back toward the linear regression line.
Application
Traders use linear regression to make informed decisions, such as when to buy or sell a currency pair.
By substituting the value of time (X) into the regression equation, they can predict the corresponding price (Y) in the future.
----------------------- USAGE -----------------------
IMPORTANT: for a full support pls leave a message on comment tab after making a purchase
NB: The sets are reserved for BOT purchasers. Please note that the backtest is not reliable as it does not use the economic news filter.
NB. For more effective bot and copy trading, we recommend using our own brokers
The program works on the news of the economic calendar (with auto GMT shift) . It checks news calendar and pause trade for specific pair if impact news coming. In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL" and add these: https://www.mql5.com and https: //sslecal2.investing.com (remove space after https:)
- Currency / Timeframe: Attach the EA to the M5 chart on EURCHF, EURUSD, USDJPY
- Use the default set and regularly withdraw profits from the account
- Recommended VPS with low ping
- Recommended minimum deposit - 600$ and Prime accounts with low commissions. $600 is enough to use the bot on several currency pairs, as only one position will be open at a time.
- Leverage - 1:300 or more
- Recommended Zero spread account or Raw account
- After purchasing the bot, leave a message on comment tab and subscribe to the channel for the latest news, updates, and tips : https://www.mql5.com/en/channels/nextexpertadvisors
- Instruction manual for the BOT parameters is available
----------------------- FAQ -----------------------
- Would you explain me the Autolot function?
The autolot formula AccountFreeMargin() * 0.2 / 500 calculates the lot size based on the available free margin in the trading account. `0.1` represents the risk factor, which is typically set as a percentage of the available margin. So, if the Free Margin is 1000$ and RiskFactor is set to 0.2, the lot will be 0.4 in the specified situation.
- Is it possible to use NexBot together with another EA?
Yes, it is possible. NextBot uses a Magic number to manage orders, however, it is set to execute only one order at a time. It is therefore recommended to leave the Magic number unchanged for the currency pairs on which you will use NextBot. If you use different Magic numbers, make sure that there is always a minimum balance of $600 for each instance of NextBot.
- Which "Max spread" setting is recommended for a standard account?
We recommend using Raw/Zero spread accounts. However, on a standard account, it is advisable to set a maximum spread of 15 points, but it's more risky.
- What condition that Nextbot EA will close in small loss?
Nextbot closes a position if the price crosses the linear regression line, indicating a possible trend change. To reduce risks, it closes any potentially dangerous position, even at a small loss
