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MoneyRates

This trend trade expert works in fully automatic mode. This version supports 2 currency pairs: EURUSD and GPBUSD, and also the gold pair: XAUUSD.

For trading, you must use an MT5 account with a hedging position accounting mode.

A trading expert is not sensitive to large spreads, slippings, and time to execute commands to open positions.Thus, it is recommended to use accounts without commissions for opening positions (non-ECN, Standard).

The Expert Advisor can work with different currencies of the trading account (USD, EUR, GBP, CHF, RUB, etc.). For currency pairs EURUSD, GBPUSD requires quotes with at least 4 decimal places. Gold XAUUSD requires quotes with at least 2 decimal places.

When trading, real SL, TP are used always (however, the expert may decide on early closing of positions).

The work of the adviser was checked on the accounts of the following brokers:

Brocker / Account

GBPUSD

EURUSD

XAUUSD

SwissQoute Standard

+ Recommended

+ Recommended

+ Recommended

Alpari MT5 Standard

+ Good

+ Good

± Not Recommend

Alpari MT5 ECN

+

+

± Not Recommend

Roboforex Standard

+ Good

+ Good

+

Roboforex ECN

+

+

+


Minimal recommended account deposit 400 USD or equivalent.

Recommended leverage 1:500.


Questions and answers:


1. Do you plan to add new currency pairs for EA?

Yes, over time, we will add new currency pairs. Email us your suggestions.

2. Why the adviser does not work with historical data before 2018?

Advisor's algorithms imply periodic correction of internal parameters (the market is constantly changing and there are no universal indicators, oscillators and other methods of price analysis that would always work). Our goal is to create an advisor that works, but not only show a beautiful picture on historical data. Optimization of parameters is a very resource-intensive process and requires a huge amount of distributed computing in the cloud, taking several weeks. Thus, it was decided to limit the historical data to a depth of 1-2 years.

3. Is it possible to work with brokers other than those that you recommend?

Yes, of course, but the results can vary greatly, depending on the broker and the source of liquidity that it provides. You can offer your broker and we will check how optimal his quotes are for the work of the adviser.

4. Does the adviser use dangerous trading methods, such as averaging, martingale, grid?

The EA has similar algorithms, but they are used sparingly and carefully, for example, martingale is possible only a limited number of times (usually no more than 3), averaging is possible only if there are break-even positions. Grid trading is not used.


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