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  • Reviews (2)
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Pender Free

Fully automated free version of Pender Expert Advisor.

Trading is performed using pending orders on important price levels.


Unlike paid version, only one type of strategies is available: with hedging - StopLoss and Takeprofit are not set, positions are to be closed by virtual Takeprofit.

Trading can be performed either with fixed lot or with automatic money management system.

Broker and deposit

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

The minimum deposit for relatively calm trading - $1000.

Currency pairs and timeframe

Trading on EURUSD, GBPUSD, USDJPY is recommended.

Timeframe - H1.

Terminal - MetaTrader 4.

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


  • EAMagic - EA's magic number.
  • AutoLot - can be set to true or false. If true, the EA selects the lot size for trading depending on the balance value.
  • Lots - lot size is set by a user, if the value of AutoLot is false.
  • Risk - risk, depending on account balance, if the value of AutoLot is true.
  • DD - maximum allowable drawdown, reaching which closes all positions.
  • CommentOfOrder - comment to orders. Can take any value.
  • StartHourNoHedge - time to start trading (GMT).
  • TakeProfitInPoints - take profit in points.
  • LotMult - lot multiplier for the next opened position.
  • PipsOfIncrement - expansion of the price corridor when exiting an unprofitable position.
  • TrailingHedge - trailing stop in points.
  • TerminalGMTshift - time shift of your brokers terminal relative to GMT. For example, if your terminal's time is 21:00 and GMT time is 19:00, then this parameter will be equal to "2". If your terminal's time is 18:00 and GMT time is 21:00, then this parameter will be equal to "-3"
  • SummerAdjustment - adjustment for daylight saving time.

Recommended settings are set by default.

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

Good luck!

Henry Setiawan
2018.02.01 02:42 

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Pavels Holusenkovs
2017.12.30 08:31 

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