wonderful robot is a reverse trading robot for MT5. It takes into account the tendency, support/resistance levels, determines the reversal points and the speed of price changes.

The robot is highly prone to detect reversal points, in addition to false migraines.  

It works round the clock, completely in automatic manner, has self-configurable parameters and does not require special configuration.

For deposit insurance , there are 3 kinds of Stop Losses(SL) :

1. Virtual Stop loss by points, which is triggered when the price moves in the opposite direction. afterward the position will be closed at a certain amount.

2. Virtual Stop Loss at the time. If the position is not closed within 10 days, it is forcibly closed.

3. Physical Stop Loss, triggered in force majeure situations, as well as when there is no communication with the broker’s server. The size of the SL is determined by the “Drawdown” parameter.

The robot uses a virtual oneTake Profit, andA trailig Stopthat connects at a certain level and goes into breakeven mode.

There are 4 modes of operation:  Low, Medium(default mode), High, and Extreme.

The Drawdown parameter determines the location of the physical Stop Loss, specified as a percentage of the balance. 

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The lot size for opening an order is determined automatically and depends on the size of the balance, as well as on the selected trading mode. It is displayed on the chart.

Drawdown is a physical Stop Loss, % of the balance (drawdown on funds), at which the position is closed.

When the value of the Drawdown parameter is set to 1%-10%, the robot will work as “Scalper.” 

Amazing robot works on all currency pairs, all time frames and all types of accounts. 

Leverage 1:50-1:500 (recommended 1:100-1:300).

I advise you to use those currency pairs that show the best results when testing.

*** To find the best currency pairs, you need to test the robot in the “All symbols selected in MarketWatch” mode, and in the “Every tick based on real ticks“mode.

For security purposes, there is a limit on the number of open positions at the same time, for Low mode: 5-6, Medium: 3-4, High: 2-3, Extreme: 1-2

Automatic lot increase does not occur if the Margin Level is below 2000% .

All control buttons are shown in screenshot 2

If there are open orders on MT5 and to transfer the account to another MT5 terminal, before installing the robot, you need to copy all the files from the old “Files” folder to the new “Files” folder.

The folder is located here: Open menu “File” – > “Open Data Folder” – > > “MQL5” – > > > “Files” ->>>> . . . . (for example “EURUSD. rvs” . . . )

These files (.rvs) store the latest states for individual pairs.

Author

Petros Shatakhtsyan is an expert in the development of automated trading systems with more than ten years of experience in the Forex market.

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