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Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief
Forex trading is a “Chaos of price movement”, but there are some patterns that allow you to earn!
The EA is designed to open a variety of transactions and, depending on the market situation, some orders will be profitable, and the rest will be closed with minimal losses.
- Purpose: automation of trading and execution of trading transactions on the Forex market through the MetaTrader 4 trading terminal (MetaQuotes Software Corp.), supports 604 build and higher!
- Trading strategy: entering the market according to a trend or rolling back market movements from the main trend.
- Advisor Type:Aggressive scalper.
- Feature of the algorithm: based on the mathematical expectation of a win, in which many opposite positions with partially hedging properties are opened.Orders are closed according to the total profit, separately for each type of orders.
- Types of trading accounts: ECN, NDD, Pro, Standard, for small deposits, Micro type is recommended
- It is very sensitive to the spread – with a large spread, the number of lots and the total number of open positions increases.
- Recommended leverage: at least 1:100, for maximum profit 1:1000 and above.
- Recommended minimum deposit: $ 300 for a 0.01 lot, with a deposit over $ 3000, the recommended lot is 0.1. For cent accounts, the minimum balance is from 3000 – 0.1lot.
- Money Management: Fixed lot with the function of increasing the position or % from the account balance.
- Timeframe used: M5 and M15.
- You can use the Expert Advisor on any currency pair.
- Indicators: standard, embedded in the code of the Adviser/Expert,
- Informative: output to the chart on the left side – statistics of transactions, basic trading settings, the status of the forex adviser.
- Installation: It is installed in the folder of the selected MetaTrader 4 trading terminal.
- Trading settings: All parameters are configured “by default”.
- Optimization: by control points. For maximum profit, we recommend self-optimization.
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An interesting trading idea used by this Expert Advisor. I worked with version 1.31, managed to trade with profit for three months. In my opinion, the effectiveness of trading can largely depend on the current state of the market. Special thanks to the author for his responsiveness and willingness to help.