• Overview
  • Reviews (11)
  • Comments (74)
  • What's new

Pender Free

This is a fully automated free version of Pender Expert Advisor.

Trading is performed using pending orders on important price levels, where the price had slowed down during the recent time periods.

The EA includes two strategies of important price levels detection. They can be used either together or separately.

Virtual StopLoss is always set.

"Dangerous" strategies are not used.

Differences from  full version :

1. Opens only SELL positions.

2. Trades with 0.01 lot only.

Broker and deposit

Any 5-digit broker with low spreads and fast execution is suitable for trading.

The minimum recommended deposit - $50.

Currency pairs and timeframe

Trading on EURUSD, GBPUSD, USDJPY, USDCAD or on any currency pair with small spread is recommended.

Timeframe - H1.

Terminal - MetaTrader 4.

You can evaluate my other products here: https://www.mql5.com/en/users/alcad83/seller


  • OldStrategy - can be set to true or false. If true, the EA used strategy of previous versions.
  • NewStrategy - can be set to true or false. If true, the EA uses new strategy.
  • TakeProfitInPoints - take profit in points.
  • StopLoss - virtual stop loss in points.
  • TrailingStop - trailing stop in points.
  • VirtualTrailing - can be set to true or false. If true, the EA hides the modified StopLoss levels from the broker.
  • Delta - indent from important price level for pending orders.
  • StartHour - time to start trading.
  • EndHour - time to stop trading. All current pending orders will be deleted.
  • SummerAdjustment - adjustment for daylight saving time.
  • EAMagic - magic number of the EA, which allows it to distinguish its orders.
  • CommentOfOrder - comment to orders. Can take any value.
  • ShowInfoPanel - can be set to "true" or "false". If "true", the information panel will be displayed on the chart of the traded pair.
  • Panel_Language - language of the information panel.
  • TextColor - font color of the information panel.

Recommended settings are set by default.

By default, the StartHour and EndHour parameters are set for the terminal time zone GMT+2. If necessary, set these parameters according to the time zone of your terminal.

I will be happy to answer any questions you may have.

Good luck!

fabio893 2018.10.10 12:11 

Safe EA with some good results

azarovv09 2018.10.09 12:56 

Very good EA.

Iury Mendes Da Silva
Iury Mendes Da Silva 2018.10.06 14:04 

It's a nice EA, with a low DD and a consistent result, but comission consumes almost all the profit (paid version seems to be better).

Between 2015 and 2018, max DD was 6% for 0.01 lot and results in backtest seems to be similar to a real account.

Duy Le
Duy Le 2018.09.14 05:55 

Slow, safe and free thanks

JackieM 2018.09.12 17:20 


But full version is better of course.

philippe germain
philippe germain 2018.09.05 14:13 

User didn't leave any comment to the rating

Matthew Todorovski
Matthew Todorovski 2018.05.10 14:42 

User didn't leave any comment to the rating

Jodeglan 2018.03.09 12:02   

esse ea ainda estar funcionando?

Boleslawa Krawczyk
Boleslawa Krawczyk 2018.03.02 11:42 

same good

King S
King S 2018.02.01 02:42 

User didn't leave any comment to the rating

Pavels Holusenkovs
Pavels Holusenkovs 2017.12.30 08:31 

User didn't leave any comment to the rating

Version 2.7 2018.11.08
Opportunity to use old strategy and new strategy of price levels detection together was added.
Version 2.6 2018.10.17
Strategy of price levels detection was updated.
Version 2.4 2018.09.17
Code was optimized.
Adaptivity to floating spread was added.
Version 2.3 2018.09.17
1. "Dangerous" strategies were removed.
2. Default parameters were changed.
Version 2.2 2018.08.28
Code was optimized.
Version 2.0 2018.07.24
Improved the strategy.
Added the new parameters.
Added the info panel.