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Smart Robot Demo MT5

Smart Robot MT5 is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic that managed and decided with robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA  don't need any professional information or Forex Trading Knowledge.

The EA works with low margin level and thus has low risk.

This is Free Version and limitations is : Trade on EURJPY only with lot size equal to 0.01.

For Full Version use Smart Robot MT4 or Smart Robot MT5

The default inputs in this EA is set to 5-digit accounts. If your account is 4-digit use 1/10 values.


Using EA :

The EA is very simple and without complicated input parameters.

These are main parameters must be set :

  • Time Frame : Time frame for trading.
  • Trade Type : Long/Short/Both
  • Stop Trading : if true, EA don't open new position. Only manage already opened.
  • Minimum Distance to Open New Position : Distance to ignore new signals if older position exist.
  • Maximum Spread to Open Position : Spread to stop trading
  • Magic Number : Any constant ID.
  • Show Panel On Chart : Shows report of positions on chart with the option of manual closing them.
  • Action for in-Loss Positions : Averaging-Add,Averaging-Multiply, StopLoss, WaitforTP
  • Take Profit : TakeProfit in Points
  • Stop Loss : StopLoss in Points. Only acts if Stoploss option selected above.
  • Averaging Distance : Distance in Points to insert averaging position. Only acts if Averaging option selected above.
  • Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
  • Averaging Volume Add : Volume adding if averaging selecting above.
  • Volume Calculation Method : KLot, Constant.
  • KLot : KLot equals Balance/Position Volume. This option is ignored is Constant selected above.
  • Constant Volume : Volume of trading. This option is ignored is KLot selected above.
  • Trailing Stop Loss : Enable/Disable Trailing Stop
  • Trailing Start : Trailing Start Distance in Points.
  • Trailing Stop : Trailing Stop Loss Distance in Points.
  • Trailing Step : Distance to apply Trailing Stop Loss in Points.
  • Break Even : Enable/Disable Break Even
  • Activate Break Even After Loss : Distance to apply Break Even in Points
  • News Filter Inputs :
    • Block Trading During Low Impact News
    • Minutes Before Low Impact News
    • Minutes After Low Impact News
    • Block Trading During Medium Impact News
    • Minutes Before Medium Impact News
    • Minutes After Medium Impact News
    • Block Trading During High Impact News
    • Minutes Before High Impact News
    • Minutes After High Impact News

* All above points inputs defaults is for 5digit accounts. if your account is 4digit use 0.1x numbers.


Optimizing EA :

(important) Optimize EA for last 6 month before using, and update optimization every 1-2 month.

Optimization of EA is so fast and easy. We recommend these Optimization inputs :

  • Time Frame : M5 to D1
  • Action for in-Loss Positions : Averaging-Multiply and Averaging-Add
  • Take Profit : 100 to 1000 step 100 (10 to 100 step 10 for 4digit accounts)
  • Averaging Distance : 500 to 8000 step 500 (50 to 800 step 50 for 4digit accounts)
  • Averaging Volume Multiplier : 1 to 5 step 0.5
  • Averaging Volume Add : 0.01
  • Minimum Distance to Open New Position : 1000 to 5000 step 1000 (100 to 500 step 100 for 4digit accounts)
  • Volume Calculation Method : Constant
  • Constant Volume : 0.01
  • Maximum Spread to Open Position : 100 (10 for 4digit accounts)
  • Show Panel On Chart : false
  • Trailing Stop Loss : false
  • Break Even : false
Tips :
  • It is recommended that do backtest with constant volume to find largest profit with low drawdowns. Then run optimization again on KLot only, to determine best volume. (KLot=1000 to 200000)
  • It is recommended that optimize Custom Parameter.
  • News Filter will not work in tester because of MQL limitations.


Recommendations and Using Conditions :


  •     EA Only work on Hedge Accounts (netting is not supported)
  •     You can run EA on several charts and symbols. Try to use different Magic Number input for each chart.
  •     If you attach EA to multiple charts, increase KLot to reduce your risk.
  •     EA work on Hedge accounts.


Activating News Filter :

  • Enable "Allow Webrequest" on Tools/Options/Expert Advisors and add http://ec.forexprostools.com/ to the list.


Visit our other useful utilities and experts here.


erastogoncalves
17
erastogoncalves 2019.05.15 12:01   

Como faz para que ele feche a posição do mesmo dia (Day trade)?

Você tem manual do produto em português? Muitas coisas não entendi.

BoTrade
17
BoTrade 2019.04.26 18:26 
 

Der Benutzer hat keinen Kommentar hinterlassen

dailytrading
312
dailytrading 2019.04.18 07:22 
 

Its a good EA. Tested on demo. Seen many EAs. The coder has applied good time in coding. DD is well in control which matters the most. I tested with a low balance of 200 on EURJPY 15 min TF. works fine. You should understand the settings options given. And this EA should deliver well enough

Konstantinum
839
Konstantinum 2019.03.04 23:22 
 

It should be called "Stupid Robot"

1. Trading without stops

2. EURJPY is not good for this strategy. EURUSD only.

3. Good results only in Tester or in short term.

N. Filipe Pereira
189
N. Filipe Pereira 2019.01.25 02:59 
 

Iam impressed! All wins until now demo on real account. 5% in week no losses Monday to Tuesday until now, with my own setup after a few back tests with different options. Specially I don't like trade on Fridays, maybe will restart next week .

erdeli
22
erdeli 2019.01.22 17:07 
 

Der Benutzer hat keinen Kommentar hinterlassen

sunnychow
6825
sunnychow 2019.01.12 15:55 
 

Thanks for share

Evgeny Belyaev
109445
Evgeny Belyaev 2019.01.09 22:56 
 

Magic EA. 5 stars.

Nikolay Gaylis
17216
Nikolay Gaylis 2019.01.07 17:15 
 

Der Benutzer hat keinen Kommentar hinterlassen

barmasgroupmql
333
barmasgroupmql 2018.12.05 20:58 
 

Der Benutzer hat keinen Kommentar hinterlassen

Version 2.2 2019.06.05
Features Added :
- Averaging Add Volume Mode
- Trade Type Selection
- Stop Trading Option
Version 2.1 2019.04.09
GMT Offset input Removed for users comfort. (calculated automatically).
Version 2.0 2019.03.17
Added Features :
- More Options to News Filter
- Panel on Chart
- Trailing Stop
- Break Even
- Custom Parameter for Optimization
Version 1.4 2019.01.13
Fixing history problems of terminal.
Version 1.3 2018.12.17
Added News Filter (Block Trading During Economic Events)
Version 1.2 2018.12.16
Volume Limitation Fixed.