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FoxTrotTWO EA

FoxTrotTWO EA is an extension of FoxTrotONE EA and a multi-currency scalper Expert Advisor intended for EURUSD. He is also available for other major pairs. Recommended Timeframe is M15. To find the suitable trades the Expert Advisor uses two indicators and analyzes three different timeframes.


Recommendations

  • Trading Time: Open Trades in first two hours after the end of NY Forex trading session.
  • Timeframe: M15.
  • Pairs: EURUSD Other pairs can be used after optimizing the parameters.
  • Broker: It is recommended to use a low-spread broker and a VPS.
  • Tradingdays: Nights without (high-impact) news during the trading time. I recommend you do not trade on Friday PM.
  • Minimum Deposit: 100 USD
  • Minimum Leverage: 1:300
  • Risk: 10-20 - low risk setting / 30-40 - middle risk setting/ 50-60 - high risk setting


Benefits

  • The EA is ideally suited to complement other Expert Advisors
  • No martingale, no grid, no hedging
  • Equity protection by Stop Loss application
  • Suitable for large and small deposits


Inputs

  • Trading Hour Start = 23 - hour (broker time), in which the EA starts the trading period
  • Trading Minute Start = 30 - minute (broker time), in which the EA starts the trading period
  • Trading Hour End = 0 - hour (broker time), in which the EA ends the trading period
  • Trading Minute End = 59 - minute (broker time), in which the EA ends the trading period
  • Close Hour Start = 9 - hour (broker time), in which the EA starts the closing period
  • Close Minute Start = 0 - minute (broker time), in which the EA starts the closing period
  • Close Hour End = 9 - hour (broker time), in which the EA ends the closing period
  • Close Minute End = 1 - minute (broker time), in which the EA ends the closing period
  • Allowed Spread = 15.0 - maximum allowed spread (in points) to open a trade
  • Slippage = 3.0 - maximum allowed slippage (in points) to open a trade
  • Use Money Management = true - false means trade with fixed Lotsize; true means trade with automatic LotSize via risk setting
  • fixed LotSize = 0.01 - if Use Money Management = false then trade with fixed Lotsize
  • Risk = 30.0 - percentage of free margin to trade - for example: risk 30 means 0.03 lot per 100 USD free margin
  • max Lotsize = 90.0 - maximum allowed lot size to open trades
  • Trend Filter Period M5 = 16 - fixed timeframe M5 filter period
  • Trend Filter Value M5 = 50 - fixed timeframe M5 filter value
  • Trend Filter Period M15 = 12 - current timeframe M15 filter period
  • Trend Filter Value M15 = 50 - current timeframe filter value
  • Trend Filter Period H1 = 10 - fixed timeframe H1 filter period
  • Trend Filter Value H1 = 70 - fixed timeframe H1 filter value
  • Vola Filter Period = 7 - current timeframe Vola filter period (Vola Filter = ATR)
  • Vola Filter min = 30 - current timeframe Vola filter minimum value in Points (Vola Filter < value = there are no trades executed)
  • Vola Filter max = 300 - current timeframe Vola filter maximum value in Points (Vola Filter > value = there are no trades executed)
  • Magic Number buy = 1 - magic number for buy trades
  • Magic Number sell = 2 - magic number for sell trades
  • Magic Number buy2 = 3 - magic number for buy2 trades
  • Magic Number sell2 = 4 - magic number for sell2 trades
  • Deltafactor = 0.3 - Determines the distance from the upper and lower end of the range for Strategy2. The factor depends on the Vola Filter
  • TP Factor = 0.6 - factor to determine the TakeProfit. Factor depends on the Vola filter
  • SL Factor = 4.5 - factor to determine the StopLoss. The factor depends on the Vola filter
  • TP Factor2 = 0.6 - factor to determine the TakeProfit2. Factor depends on the Vola filter
  • SL Factor2 = 4.0 - factor to determine the StopLoss2. The factor depends on the Vola filter
  • Use Safe Mode = true - false means trade without Safe Mode indicator; true means trade with Safe Mode indicator
  • Safe Mode Indicator Period = 20 - current timeframe Safe Mode indicator period
  • TP min in Points = 25 - minimum value TakeProfit in Points
  • MondayAM= true - if true, then trading on Monday AM is possible; if false, then will be no trades executed on Monday AM
  • MondayAMStartTime = 00:00 - start time trading period Monday AM
  • MondayAMEndTime =12:00 - end time trading period Monday AM
  • MondayPM = true - if true, then trading on Monday PM is possible; if false, then will be no trades executed on Monday PM
  • MondayPMStartTime = 12:00 - start time trading period Monday PM
  • MondayPMEndTime = 23:59 - end time trading period Monday PM

The settings for Tuesday, Wednesday and Thursday are identical

  • FridayAM = true - if true, then trading on Friday AM is possible; if false, then will be no trades executed on Friday AM
  • FridayAMStartTime = 00:00 - start time trading period Friday AM
  • FridayAMEndTime = 12:00 - end time trading period Friday AM
  • FridayPM = false - if true, then trading on Friday PM is possible; if false, then will be no trades executed on Friday PM
  • FridayPMStartTime = 12:00 - start time trading period Friday PM
  • FridayPMEndTime = 23:59 - end time trading period Friday PM

A live monitoring of the FoxTrotTWO EA can be found here: https://www.mql5.com/en/signals/author/xdeimosx

Please note: The performance of the backtest is a little distorted. In the results of the backtest are also included trades in nights with important news. It is likely that a trade without high impact news improves the performance. Please compare with the live monitoring signals.

Have you any questions, please do not hesitate to contact me with a personal mail.

Fucker Forex
194
2017.04.15 11:02 
 

我还有两个激活,要的可以去我个人主页留言。买了ea没本金挂了。

Thorsten Rohweder
643
2017.04.04 21:00 
 

i don't think here are fake reviews. Use a tight spread broker, use money management.

Fallet Willy
1261
2017.04.01 09:11 
 

User didn't leave any comment to the rating

Gaëlounet
161
2017.03.27 21:13 
 

PROBABLY LOT OF FAKE REVIEWS STAY AWAY FROM IT !

overpriced for no profit even after one week backtesting it and live as well i can prove it anytime!

Very disapointed about the performance...they are none !!

Ask Paul Thatcher about his performances since his review....

check the FT2 signal from the seller, you will see bad results.

i only blame myself for having wasted so much money on that.

(LIVE ACCOUNT ICMARKETS in a VPS 0/3PIPS spread on eurusd /3ms ping)

I rarely post bad reviews because i know this is lot of work to make an EA but there is a difference between making a profitable and reliable EA at the right price and making a 50$ scalper and selling it for 650$....

Save your money fellas!

John Brennan
308
2017.02.17 13:48 
 

I have used this ea for approximately 4 months without any problems and very good profits.

For me, it seems to work incredibly well with EURCHF. Very low DD with this pair. Highly recommend this one but use a good broker with low spreads and you will reap the rewards.

Feng Li
248
2017.02.17 12:06 
 

用了4个月,已经有68%,的回报,不错,继续努力

Peter Miller
114
2017.01.24 13:27 
 

good EA in average over the year

George Welser
507
2017.01.23 23:10 
 

I have rented this EA for 2 days and it lost 40% of my account!

I'm out!!

Giuseppe Pastore
591
2017.01.18 23:56 
 

These Expert is the best Thing that happened in my life!

I purchased it in June and i have till now a growth of nearly 200% with 12%DD

If you are able to stay calm when the stop loss are hitten you will swim in Money the next few years.

The potential is enormous! 5 stars well deserved.

thank you Thomas just Keep on!!

lilizizi
134
2017.01.12 11:37 
 

Could not be used in ECN, Because SL/TP cannot be set in the ECN open

Fernando Arias
479
2017.01.09 11:09 
 

Very good night scalper. It generates a very high return with acceptable drawdown. There are differences between real trades and backtest and between accounts on different Brokers, but as the live Signal Shows the expected Profit from the backtest is matched. Thomas is very supportive, addressing every doubt of his customers.

Charles Matticks
129
2016.11.30 08:28 
 

Only ran this EA for 5 days because of holidays and news that affects the EURUSD pair. 10% return. Good support from developer.

sunke138
208
2016.10.18 16:28 
 

EA is very good, use a few days 100% correct

alfag4
235
2016.10.18 09:10 
 

High price EA with little profit

Trung John
281
2016.10.04 08:06 
 

Good EA with high winning ration. Friendly support from the vendor

Ertac Hassan
632
2016.09.29 23:00 
 

A very good EA that is well priced in the market and Thomas always provide support. I have double the money I have invested in this EA.

Alejandro Candela
236
2016.09.26 22:35 
 

I've been using FoxTrotTWO for 2 weeks with IC Markets ECN, VPS server (commercialnetworkservices) less than 2 ms and the result is excellent. Until today I had no SL.

The parameters have to be adjusteded for EURUSD from default parameters.

Igor Otkidach
2291
2016.09.16 15:29 
 

Очень хороший эксперт! Я доволен своей покупкой!!! ставлю пять звезд!

Eloy Romero
89
2016.09.02 00:56 
 

Less than 2 weeks using FoxTrotTWO and more than 10% of return. Having some problems finding the correct broker in Europe but very satisfied with this EA and the support from the developer.

mercilez
162
2016.08.19 09:56 
 

i rent this EA for 2 weeks already and i am getting good returns more than 10%. thank you

default setting on a vps with ICmarkets Live account. deserve 5 star rating. only thing i have some losses last week when i forgot to close the EA manually on friday night due to the timezone i was sleeping, this can be dealt with early closing on friday manually. keep up the good work !

Paul Thatcher
1553
2016.08.05 20:11 
 

I have been using FoxTrotTWO for around 3 months on various live accounts. I previously used FoxTrotONE; in comparison FoxTrotTWO is much more active and in my experience more profitable. Yes the stoploss is much greater than the take profit, but over the past months, from memory the worst week was 2 stop losses. On average there is less than one stop loss per week on between 15 to 20 trades. No stop loss for me this week which has prompted my review. Incidentally Thomas has a stoploss but I did not on Activtrades. You need to stop trading if there is new around especially FOMC. It is a nusciance having to stop the EA before Friday evening but I would not downgrade my rating for this as it's all about profits and FoxtrotTWO has performed very well for me.

dimitris
484
2016.06.02 21:41 
 

I have been testing it on demo for 1 month and using it in two real accounts for two months. I am satisfied with the performance. Support is very good from the developer. More details in the comments section.

Version 6.0 - 2017.04.04
Improved the news filter function

Reduced VPS resource consumption

Only one news calendar is required

To use the news filter, you have only to add this url http://ec.forexprostools.com/ in the setting of MT4. Then allow WebRequest for listed URL. How to do it? http://www.metatrader4.com/en/trading-platform/help/setup/setup_experts
Version 5.2 - 2017.01.13
Added the bandwidth filter
Added the news filter function

To use the news filter, you have to add this url http://ec.forexprostools.com/ and this url http://www.forexfactory.com/calendar.php?day= in the setting of MT4. Then allow WebRequest for listed URL. How to do it? http://www.metatrader4.com/en/trading-platform/help/setup/setup_experts
Version 5.0 - 2016.09.26
1. Small strategy revision.
2. Improve some EA internal parameters.
3. Change default setting.
Version 4.0 - 2016.08.16
1. Add function "Trading Day Setting". A feature where you can set on what day (divided in AM/PM) to trade.
2. Add function "Vola Filter min". A feature where you can set a minimum vola filter value (in points).
3. Add function "TP min in Points". A feature where you can set a minimum take profit value (in points).
4. Changed default settings.
Version 2.1 - 2016.07.08
Added Safe Mode function. Open Trades are monitored by a further indicator and adjust the TP at the time.

Without Safe Mode. The open trade closes when Price touched the Stop Loss (calculated from the SL-Factor) or touched the Take Profit (calculated from the TP-Factor) or at the beginning of Close Time.

With Safe Mode. In addition, the Trade can close when the Price touched the upper or lower end of the range of used Safe Mode Indicator.
Version 1.2 - 2016.06.23
Added Money Management function. A trading with fixed LotSize is now possible.
Version 1.1 - 2016.06.15
Added slippage control.