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NextBot EA

5

Limited time offer! For the launch of NextBot, which has been working on a real account for about a year doubling the initial capital, the price will increase by $30 every 10 copies sold, reaching the final price of $299! Take advantage of this unique opportunity to try this brand-new EA!

LIVE SIGNAL ON REAL ACCOUNT (A bot that shows a real-time signal is far more reliable than any backtest!)

----------------------- DESCRIPTION -----------------------

New type of multi-currency scalper EA based on Linear Regression, a primary category of machine learning.  This EA utilizes a news filter to screen economic news and pause trade for specific pair if impact news coming (news filter cannot be checked in the strategy tester, only real work).

It also uses an advanced trailing stop and a virtual take profit. Does not use martingale or grids, every order comes with a stop loss.

Linear regression in forex is a classic example of supervised learning. In supervised learning, an algorithm learns from a training dataset that contains both input variables (independent) and output variables (dependent).

The goal is to develop a model that can predict the trend of the dependent variable based on new instances of independent variables.

Let’s dive into the details:

  1. Purpose of Linear Regression:

    • Linear regression creates a model that correlates two variables using a set of data points.
    • In forex trading, the two variables of interest are time (X-axis) and price (Y-axis).
    • By observing historical data over a specific time period, we can identify trends and create the best-fitting line to predict future price movements.

  2. Linear Regression Line:

    • The linear regression line represents the trend direction.
    • Traders often view it as the fair value price for a currency pair in the future.
    • When prices deviate significantly from this line (either above or below), traders may expect prices to revert back toward the linear regression line.

  3. Application:

    • Traders use linear regression to make informed decisions, such as when to buy or sell a currency pair.
    • By substituting the value of time (X) into the regression equation, they can predict the corresponding price (Y) in the future.


----------------------- USAGE -----------------------

IMPORTANT: for a full support pls leave a message on comment tab after making a purchase

This EA utilizes an advanced news filter to limit the bot’s activity during critical economic news events! N.B. Disable news filter during backtesting in Strategy Tester.

The program works on the news of the economic calendar (with auto GMT shift) . It checks news calendar and pause trade for specific pair if impact news coming.In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add this (delete the space): https:// ec.forexprostools.com

  • Currency / Timeframe: Attach the EA to the M5 chart on  EURUSD, EURCHF
  • Use the sets provided and regularly withdraw profits from the account
  • Recommended VPS with low ping
  • Recommended minimum deposit - 600$ and Prime accounts with low commissions.  $600 is enough to use the bot on several currency pairs, as only one position will be open at a time.
  • Leverage - 1:300 or more
  • Recommended Zero spread account or Raw account
  • After purchasing the bot, leave a message on comment tab and subscribe to the channel for the latest news, updates, and tips : https://www.mql5.com/en/channels/nextbot


----------------------- FAQ -----------------------

- Would you explain me the Autolot function?

  • The autolot formula AccountFreeMargin() * 0.2 / 500 calculates the lot size based on the available free margin in the trading account. `0.1` represents the risk factor, which is typically set as a percentage of the available margin.  So, if the Free Margin is 1000$ and RiskFactor is set to 0.2, the lot will be 0.4 in the specified situation.

- Is it possible to use NexBot together with another EA?

      • Yes, it is possible. NextBot uses a Magic number to manage orders, however, it is set to execute only one order at a time. It is therefore recommended to leave the Magic number unchanged for the currency pairs on which you will use NextBot. If you use different Magic numbers, make sure that there is always a minimum balance of $600 for each instance of NextBot.

      - Which "Max spread" setting is recommended for a standard account?

      • We recommend using Raw/Zero spread accounts. However, on a standard account, it is advisable to set a maximum spread of 15 points, but it's more risky.


      Avis 3
      jyck
      287
      jyck 2024.03.19 22:34 
       

      Sounds like a good strategy

      Mickeykkk
      671
      Mickeykkk 2024.03.16 18:37 
       

      Very good EA, Look at his signal.

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      jyck
      287
      jyck 2024.03.19 22:34 
       

      Sounds like a good strategy

      Mickeykkk
      671
      Mickeykkk 2024.03.16 18:37 
       

      Very good EA, Look at his signal.

      wandazamb
      67
      wandazamb 2024.03.09 12:28 
       

      L'utilisateur n'a laissé aucun commentaire sur la note

      Répondre à l'avis
      Version 2.5 2024.03.13
      The Linear Regression indicator has been incorporated, now the bot operates without the need for external indicators. Download the new settings on the blog: https://www.mql5.com/en/blogs/post/756442
      Version 2.4 2024.03.11
      - Added customizable magic number. Read the bot FAQ
      Version 2.3 2024.03.10
      Fixed "Linear regression indicator" path
      Version 2.2 2024.03.05
      Fixed news filter error
      Version 2.1 2024.03.04
      Improved interface