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Smart Robot MT4

Smart Robot MT4 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.

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 pips
  • Stop Loss : StopLoss in pips. Only acts if Stoploss option selected above.
  • Averaging Distance : Distance in pips 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.

* All above pips inputs defaults is for 4digit accounts. if your account is 5digit use 10x 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 : 10 to 100 step 10 (100 to 1000 step 100 for 5digit accounts)
  • Stop Loss : 0
  • Averaging Distance : 50 to 800 step 50 (500 to 8000 step 500 for 5digit accounts)
  • Averaging Volume Multiplier : 1 to 5 step 0.5
  • Minimum Distance to Open New Position : 100 to 500 step 100 (1000 to 5000 step 1000 for 5digit accounts)
  • Volume Calculation Method : Constant
  • KLot : 100000
  • Constant Volume : 0.01
  • Maximum Spread to Open Position : 10 (100 for 5digit accounts)
  • Magic Number : Any constant ID.
It is recommended that do backtest with constant volume to find largest profit with low drawdowns. Then run optimization again on KLot only, to determine best volume. (KLot=1000 to 200000)

Recommendations and Using Conditions :

  •     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.

Shortcut Group is ready to help you about using the EA, Please don't hesitate to contact me.

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Versión 1.1 2018.10.14
Some minor changes according to users request