Smart Robot MT5
Smart Robot MT5 is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic that managed and decided with robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA don't
need any professional information or Forex Trading Knowledge.
The EA works with low margin level and thus has low risk.
Trading Strategy :
Smart Robot can trade on all symbols and all time frames, using special and unique strategy developed by author. The strategy is combination of Elliot waves, Scalping, Indicators such as RSI and Stochastic, Trend forecast and 3 other strategy.
Using EA :
The EA is very simple and without complicated input parameters. All needed optimizations already done and results is embedded to EA.
Only Hedge Accounts Supported.
These are main parameters must be set :
- Time Frame : Time frame for trading.
- Action for in-Loss Positions : Averaging, StopLoss, WaitforClose
- Take Profit : TakeProfit in Points
- Stop Loss : StopLoss in Points. Only acts if Stoploss option selected above.
- Averaging Distance : Distance in Points to insert averaging position. Only acts if Averaging option selected above.
- Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
- Minimum Distance to Open New Position : Distance to ignore new signals if older position exist.
- Volume Calculation Method : KLot, Constant.
- KLot : KLot equals Balance/Position Volume. This option is ignored is Constant selected above.
- Constant Volume : Volume of trading. This option is ignored is KLot selected above.
- Maximum Spread to Open Position : Spread to stop trading
- Magic Number : Any constant ID.
- Block Trades during News : If True, opening new positions blocked before and after large impact news
- Broker Time Zone : Time Zone of Your Broker Server in decimal number format. (for example if time zone is GMT-1:30, Enter -1.5 )
* All above point inputs defaults is for 5digit accounts. if your account is 4digit use 0.1x numbers.
Optimizing EA :
(important) Optimize EA for last 6 month before using, and update optimization every month.
Optimization of EA is so fast and easy. We recommend these Optimization inputs :
- Time Frame : M5 to D1
- Action for in-Loss Positions : Averaging
- Take Profit : 100 to 1000 step 100 (10 to 100 step 10 for 4digit accounts)
- Stop Loss : 0
- Averaging Distance : 500 to 8000 step 500 (50 to 800 step 50 for 4digit accounts)
- Averaging Volume Multiplier : 1 to 5 step 0.5
- Minimum Distance to Open New Position : 1000 to 5000 step 1000 (100 to 500 step 100 for 4digit accounts)
- Volume Calculation Method : Constant
- KLot : 100000
- Constant Volume : 0.01
- Maximum Spread to Open Position : 100 (10 for 4digit accounts)
- Magic Number : Any constant ID.
Recommendations and Using Conditions :
- EA Only work on Hedge Accounts (netting is not supported)
- You can run EA on several charts and symbols. Try to use different Magic Number input for each chart.
- If you attach EA to multiple charts, increase KLot to reduce your risk.
- EA work on Hedge accounts.
News Filter :
EA is powered with News Filter. For correct working of this Filter you must do these steps :
- Set the correct time zone on inputs.
- Enable "Allow Webrequest" on Tools/Options/Expert Advisors and add http://ec.forexprostools.com/ to the list.
Shortcut Group is ready to help you about using the EA, Please don't hesitate to contact me.Visit our other useful utilities and experts here.