• Overview
  • Reviews (5)
  • Comments (7)

Forex Fraus Gratis

The Expert Advisor of the Forex Fraus family, the system is designed for scalping the EUR/USD pair on the M1 timeframe (for five digit quotes), and adapted for the accounts with fast execution of orders.


Operation Principle

  • Buys and sells by the signals of the Force Index indicator.
  • When a signal is received the orders are opened by injection, using tick data.
  • Positions are closed by Trailing Stop
  • Not closed positions are closed at the opposite trade
  • Built-in adjustable risk management block. Depending on the balance it monitors the size of the executed order, distributing risks.


Testing

  • Download a free copy of the Forex Fraus Gratis
  • In the MT4 platform go to Tools > History Center.
  • Download the quote history for EUR/USD Attention: for a more accurate testing go to your broker's site and download the history for EUR/USD on the timeframe M1 (for example, 1 year long)
  • Open the strategy tester and choose the time interval to start testing.
  • Select M1 timeframe.
  • Select Every Tick as the model.
  • Set spread no more than 10 points, or the current if it fits within the range, usually for this pair it is 5-8 points (for the five-digit quotes)
  • Start the backtest


Live trading

  1. Attach the indicator to the EUR/USD pair window with the M1 timeframe
  2. Allow live trading

Very important: the EA does not work together with other Expert Advisors, as the operation algorithm gets interrupted. So make sure there are no Expert Advisors in other windows!

optimization note: All the default settings are designed for specifically the EUR/USD pair on the M1 timeframe. If you want to use the robot on other currency pairs, be sure to test in the tester before use. Consider the risks when adjusting the TrailingStop.

Trading tip: The EA signals do not come often (this can be seen from the tester data), this should not be feared, many people might think that the EA stopped working, but it is not so (it can be silent for about a month), later it is compensated by an order injection once the signal arrives. Therefore, I recommend placing the robot on a virtual server, as the EA is recommended to trade 24/7.


Data variables of the EA settings

  • SL - Stop Loss
  • TP - Take profit
  • TrailingStop - TrailingStop size in points
  • UseSound - sound of Trailing Stop triggering true-sound is enabled false-sound is disabled
  • NameFileSound - name of the sound file
  • RiskPercent - risk in percents (lot size is calculated based on the account balance)
  • maxLots - the maximum lot used during the calculations of the risk management block
  • minLots - the minimum lot used during the calculations of the risk management block
Reviews 5
Mohammad Oladi
12554
Mohammad Oladi 2018.12.01 15:35 
 

Thank you for this EA

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>>>>>>>>>>>>>>>>>>>>   75% discount (1000 USD >>> 245 USD) , special for the first buyers     <<<<<<<<<<<<<<<<<<<                         (At the request of several people, the price will remain the same for another 24 hours) BigExpert is a fully automatic expert built for the EURUSD currency pair. BigExpert does   not use dangerous strategies .   No Martingale, No Grid, All Trades are covered by  StopLoss  and TakeProfit .  BigExpert only works in EURUSD currency pairs. BigExpert has been tes
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Red Hawk EA
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AW Recovery EA
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Mohammad Oladi
12554
Mohammad Oladi 2018.12.01 15:35 
 

Thank you for this EA

Matthew Todorovski
13298
Matthew Todorovski 2018.06.25 05:11 
 

1 Star (20%) = Bad

2 Stars (40%) = Undecided (still testing)

3 Stars (60%) = Okay

4 Stars (80%) = Good

5 Stars (100%) = Excellente!

Andrey Litvichenko
7664
Andrey Litvichenko 2017.10.28 05:25 
 

User didn't leave any comment to the rating

Juvenille Emperor Limited
15933
Eleni Anna Branou 2017.02.16 12:40 
 

User didn't leave any comment to the rating

Ovidiu Caslariu
7397
Ovidiu Caslariu 2016.02.19 17:38 
 

Still wait to see how it performs.

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