Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
Water EA
Water EA can use as a tool or a fully automated EA that uses a Grid algorithm together with the RSI indicator to monitor price movements and trades accordingly.
The EA features multi-currency trading. The default settings are provided for trading the following currency pairs: EURUSD M5, GMT + 2
Risk warning:
EA can win at a 100% rate is impossible. Grid mode is high risk. For maximum safety and long term profitability, you should have a good way money management strategy and withdraw your profits as soon as possible.
Recommendations
- EA Settings: Use default settings or set files.
- Time Zone: GMT + 2
- Symbol: EURUSD.
- Time Frame: M5.
- Brokers: ECN brokers, low spread/commission, 1:500 leverage.
- Minimum Deposit: $100 USD.
Parameters
- OMode: Operation Mode (scalper and grid mode)
- SL: Stop loss for Scalper mode
- DSL: Distance for Grid mode
- RSI_Period: RSI Period
- RSI_High: RSI High value
- RSI_Low: RSI Low value
- TrComment: Trade comment
- MagicNumber: Magic Number
- Mslippage : Max slippage to active orders
- MS : Max spread to open an order
- UseMM : Auto lots calculate, true/false
- MinLots : Min lots when Auto lots calculated
- MaxLots : Max lots for an order.
- Risk : Risk percent auto calculate if UseMM on.
- FixedLots : Fix lots UseMM off
- MLot : Lots multiplier if grid mode
- MProfit : Min profit($) for closing orders in Grid mode
- TrS : Trailing start points
- TrT : Trailing step points
- NBar : Minimum number bars for indicator
- MM : Maximum number bars for indicator
- DT : indicator distance points for indicator
If you need further assistance or have any questions related to this EA, please do not hesitate to contact our team at FB group.
Thank you very much for your trust and support!
