R4W Professional Expert Advisor
R4W is a Powerful Forex Expert Advisor for MetaTrader 4. It trades on multiple currency pairs like EURUSD, GBPUSD, USDCHF, USDCAD, AUDUSD and NZDUSD. Trailing stop and stop loss are handled by a built-in indicator. Automatic magic numbers are used for the currency pairs. The product is a fully automated 24/5 EA with alerts like Sound, Email and Push. The EA trades at all market conditions with the minimum initial deposit of 100 USD. It trades on 3, 4 and 5-digit brokers and provides better money management and loss recovery (no martingale).
Attach this EA to H1 chart. The EA trades on multiple pairs. It also works on any other higher timeframes like M15, M30 and H1. There is no need to attach the EA to more than one chart. This EA uses less system memory and resources.
- FixedLots – specify your fixed size lots or set 0.0 for automatic lots calculation based on Account Balance, Account Equity and RiskPerTradePercent property.
- MinLotSize – set minimum lots that your broker accepts.
- MaxLotSize – set maximum lots that your broker accepts.
- RiskPerTradePercent – risk taken per trade in percent of average of Account Balance + Account Equity.
- TakeProfitPips – the default value of 15 suits M5 timeframe. You can increase to 55 for H1.
- StopLossPips – the default value of 0.0. The SL is calculated by the exit indicator.
- MaxSpread – the EA will trade only if the spread is lesser than this value.
- GridSize – the default value of 13 is for M5 timeframe. The parameter is used to recover the loss in previously running trades.
- Slippage – Forex brokers will execute the trade at the next best price.
- CloseAllNow – closes all open trades with your confirmation when you are going for withdrawal or in Fridays.
- UseHiddenStopLoss – hides your stop loss from the broker if StopLoss property is set above 0.0.
- MessageAlert – alerts in the desktop with sound about the currency, lots, order type, price and time.
- SoundAlert – rings with a sound and displays the currency, lots, order type, price and time in message window.
- EmailAlert – sends email alerts with currency, lots, order type, price and time to the email address specified in MetaTrader Email settings.
- PushAlert – sends push notifications with currency, lots, order type, price and time to your iPhone/iPad specified in MetaTrader Notifications settings.
- TradeOnPairs – trades on the specified pairs.
- SymbolPrefix – prefix to the currency pairs.
- SymbolSuffix – suffix to the currency pairs.
- EnableTradeHour – set to true to trade on the specified hours based on your server.
- TradeHourFrom – trade start hour.
- TradeHourTo – trade end hour. No new trades will be opened after this value.
- FridayFinalHour – trades on Friday till this value.
- TradeComment – comments used in your trade history.
- DisplayFont – font used to display EA status on the chart.