Trading Robots for MetaTrader 4

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MetaTrader 4

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Information

Experts
MetaTrader 4
Amirhossein Heydarijokani
1.10
5

Overview

Recommendations for this EA

  • Use instruments that have Zero-CommissionZero Stop-Level and Fixed-Spread.
  • In Eightcap broker (that many PropFirms use it as their trading platform) US30.i may be the best.
  • Any TF from M1 to H1 could be used since EA is not sensitive to Timeframe. 
  • Run every EA on a low latency VPS is recommended, but if you have stable internet connection, it's not mandatory for this EA.
  • Run EA in Newyork session if you chose US30.i, because US-indices have most volatility in this time.
  • To avoid broker server spam alert, use Time Filter and do not decrease EA Moderator.
  • Use AutoTrailStop is recommended too.

Parameter Overview

Default settings is applicable in most cases but can be changed as you want. Input settings separated into four sections described below:

  • ---------------->>>   Order Options
  • Max. Pending Orders  Maximum pending orders per side (1-Buy | 1-Sell)
  • Deviation Distance Orders placed far from this value to ASK/BID
  • StopLoss(Point)
  • TakeProfit(Point)
  • Expiration Minutes
  • ---------------->>>   Money Management
  • Lot Size Mode
    • Percent Based on your Equity and Stop-Loss, proper lot size will be calculated and used (Default)
    • Fixed lot size entered by you,  will be used
  • Risk Percent  The percentage of your account Equity that will  be considered by EA to calculate Automatic Lot size (Default %5)
  • Fixed LotSize  lot size entered by you will be used, only if you chose Manual Lot size mode (Default 0.05)
  • ---------------->>>   StopLoss Settings
  • Trail 
  • Min StopLoss for BreakEven Stop-Loss in Points (Default 200)
  • Lock Point respect to Price
  • EA Moderator (Seconds)
  • ---------------->>>    Times Setting
  • Use Time Filter





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