• Overview
  • Reviews (5)
  • Comments (350)
  • What's new

FX GEN

This robot trades on any TF, but was tested primarily on the EURUSD M5 for a period of 10 years, data quality 90.00%. Uses the tunnel indicator and advanced method of salvation losing positions. Is preset function TrailingSL. Its most important part is the original MultiTF trend filter, that can predict future market developments.

This robot filtered trades by market situation on a daily and monthly chart. Trades open on M5 chart also against the trend. Can have open multiple trades at the same time. Some trades can remain open longer time in the temporary loss.


Settings

  • StartTrading - start trading in format HH:MM or HH
  • EndTrading - end trading in format HH:MM or HH
  • TimeFrame - you can set a time frame for the calculation of the indicators of trading
  • TradeMode -
    • OnlyBuy - trades only Buy signals - all without filter
    • OnlySell - trades only Sell signals - all without filter
    • BuyAndSell - trades All signals - all without filter
    • AutoFilter - signals are filtered (default)
  • StartLot - initial Lot
  • LotAdd - increases Lot
  • LotAdd_StartBalance - default status the account for the calculation LotAdd (restart of EA/MT4 does not affect calculation)
  • LotAdd_StepMoney - increase the lot after this rise in balance
  • MaxLot - maximum lot size
  • MaxOrders - maximum number of open trades
  • MaxSpread - EA not open trade if the spread is greater than stated here.
  • TP1_LotPerc - close part of the trade
  • TP1pips - close part of the trade in this profit
  • SLpips - StopLoss
  • MinProfit mode - money or pips
  • MinProfit - one trade or two trades will be closed together in this common minimum profit (money or pips)
  • ManageAllTrades:
    • True -all trades will be managed functions SLBE, TPBE or TrailingSL
    • False - only first trade will be managed functions SLBE, TPBE or TrailingSL
  • SLBE - sets SL to enter in this profit
  • TPBE - sets TP to enter in this loss
  • BEplus - ... for the function SLBE and TPBE
  • TrailingSL_Start - start trailing SL in the profit
  • TrailingSL - distance SL from the current price
  • TrailingSL_Step - step of moving the trailing SL
  • MinTradeDistance - the minimum distance of the next trade
  • AllClose = max Drawdown
    • disable
    • my orders - close all trades of this EA in set loss
    • whel account - close all trades of the whole account in set overall loss
  • AllClose in the loss - close all trades in this loss
Kwok Fung Chan
1251
2016.11.15 18:45 
 

sorry i cant recommend this ea anymore...

Andre
194
2016.09.30 07:50 
 

I have been using for 3 months,very good product, finest quality EA.

ice_2016
182
2016.08.13 08:56 
 

FAKE

I purchased FX GEN Expert. But based on my researches I Understand author has change expert behavior in some times. for example: in first 3 month of 2015 year , expert must get buy position, but it get sell, why? because if it gets buy, account be call margin!. so he writes some codes for this time for getting sell instead of buy!

what is its strategy?

for buy:

price above SMA 500 , RSI Under 50 , Price above upper band, for next buy RSI must goes above 50 and back below.

for sell: reveres of buy.

you can test it on 2016 and after and see result without fraud.

How did I discover it ?

simply I assigned eur/usd history to NZD/USD and covert m1 to m5 m1440 and m43200, and I tested again.result was exactly based on strategy that I said above.

I attached documentations in comments.

Igor Holko
1696
2016.06.10 15:02 
 

At this time one of the best EA in the market. Very stabil and profitable.

I also recommend to use this EA with 500 USD for every 0.01 lots as middle risk. I recommend use 0.01 lots for every 1000 USD as very low risk,0.01 lots for every 300 USD as high risk and 0.01 lot for every 250 as very high risk. But also with very hight risk you never lost money.

Over the last ten years the largest drawdown is about 230 USD with 0.01 lot (about 90%)- because I said it is very hight risk.

This EA is not senzitive for brokers and spread(good spread and commission is always better). EA is working with all brokers.

Ryan Mann
799
2016.03.12 01:16 
 

There is a definite edge to this EA mixed with an advanced money management method. I would not recommend this for any beginner or intermediate trader. μ win is 8pips μ loss is 2 pips. μ holding duration just over 4h. win rate is about 60%

Lot size I find best is using fixed lot size and for every $1000 in the account set 0.01, this will give you max 30%DD.

I have been using on a live account for over 3 months and the backtests are similar while not perfect like every backtest you cannot calculate slippage however in this case because we are not scalping based on fixed levels, slippage and spread are not an issue however they will decrease your profit like with any system.

Version 2.1 - 2016.09.28

MinProfit mode – money or pips
MinProfit - one trade or two trades will be closed together in this common minimum profit

AllClose - disable
- close all trades of this by EA in set loss
- close all trades of the whole account in set overall loss

AllClose in the loss - close all trades in this loss
Version 2.0 - 2016.09.07
New version with the repaired erroneous by turning off the function SLBE, TPBE and TrailingSL. These functions are turned off setting to 0.
Version 1.9 - 2016.08.17
FXGEN 1.9
- You can set a timeframe for the calculation of the indicators of trading
- You can set a value (SL, TrailingSL etc.) on the tenth of pips
- Added check of your input parameters
Version 1.8 - 2016.06.20
LotAdd_StartBalance - default status the account for the calculation LotAdd (restart of EA does not affect calculation)
MaxSpread - when the spread is greater, trade will not be opened
MinProfit - trades will be closed with this minimum profit
ManageAllTrades - True = all trades will be managed by functions SLBE, TPBE, TrailingSL
False = only first trade will be managed by functions SLBE, TPBE, TrailingSL
Version 1.7 - 2016.02.19
MaxOrders - maximum number of open trades
Version 1.6 - 2016.02.09
added StartTrading and EndTrading (broker time)
For example:0:00 & 0:00 all day, OR 7:35 & 22:10 OR 6 & 16:30 OR 7 & 21 OR 22 & 6:45 etc.
Version 1.5 - 2016.02.05
added TradeMode:

OnlyBuy - trades only Buy signals - all without filter
OnlySell - trades only Sell signals - all without filter
BuyAndSell - trades All signals - all without filter
AutoFilter - signals are filtered (default)
Version 1.4 - 2016.01.28
Added SLpips = StopLoss
Version 1.3 - 2016.01.13
MaxLot = maximum lot size
Version 1.2 - 2016.01.05
At the request has been modified this:
Start Lot - initial lot
LotAdd - increases Lot
LotAdd_StepMoney - increase the lot after this rise in balance