Free MTF Basic Forex Robot
The FREE MTF Basic Forex Robot version has some limitations compared to the paid MTF Basic Forex Robot version!
- Lot size is fixed = 0.01
- Optimized to only 2 pairs = EURUSD, GBPUSD
- Optimized to M15 Chart
- Indicator parameters is fixed into Expert Advisor
You can see my FULL version here: https://www.mql5.com/en/market/product/20298
Its operation is based on medium-term trend following and scalping strategy. It examines the strength and direction of the trend using several basic indicators, in a smaller and larger time span. After identifying the trend, it analyses the overbought and oversold state of the given currency pair. This version is use only 1 position/pair.
It is very important, that it is not based on a 100% winning strategy!
If necessary, positions are closed at a loss. For managing risk and profit, I use a numerical and indicator-based “StopLoss” and “TakeProfit” function. The indicator parameters have been incorporated into the program. For optimization, I used historic data from a large time interval, from 1999 to present. It was also tested with data of 90%-99.9% accuracy.
- not use martingale
- not use arbitrage
- not use grid strategy
- not use averaging method
- I optimized to M15 Chart Period
- fast and low cost ECN account
- low spread - the “spread” value used in the optimization was 7-15 point
- a stable VPS
- minimum deposit $100/traded pair
- ConvertCurrMM = 0.00 - if the program is running on an account in a currency other than USD, in case of “MMRisk” you can set the conversion rate. In case of a fixed lot, leave it empty.
- Suffix = - if your broker use symbol suffix, please fill into this field. (example: EURUSD.e, you need to type .e into this field; EURUSD.pro you need to use .pro etc.)
- MAGICSELL = 1 - SELL order MAGIC number. (if you use other Robot in same major pair, than you need to use different MAGIC number)
- MAGICBUY = 2 - BUY order MAGIC number. (if you use other Robot in same major pair, than you need to use different MAGIC number)
- MaxSpread = 30 - you can control the maximum Spread.
- Slippage = 3 - you can control the maximum Slippage.
- FiveDigitBroker = true – default is 5 digit broker "true". If you running on 4 digit broker please modify to “false”".
"----- StopLoss, TakeProfit section -----"
- Defaultsluse = true - you can choice. You can use default stop loss or you can use different with your own idea. "true" is default. If you would like to use different SL and TP please modify to "false". In every mode my EA is use indicator stop loss. If you type into every field 0, then EA is close orders only with basic indicator.
- BuyStoploss = 0 - BUY order stop loss.
- BuyTakeprofit = 0 - BUY order take profit.
- SellStoploss = 0 - SELL order stop loss.
- SellTakeprofit = 0 - SELL order take profit.