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Max Rebate

Introduction

Expert adviser Max Rebate - High frequency trading fully automated scalper with news filter, perfect to use if 'hunting rebates - cashback earning' are an object of interest. This advisers main operation should be on cent accounts (recommended) but of course works on others as well. It's a betting type adviser using martingale order sequence to close unprofitable orders. Indicators (no configuration) are standardized to determine market heading.

More information and available set file  https://www.mql5.com/en/blogs/post/731107

On weekends (Sundays) a new set file will be available for upcoming week and make sure you always have the latest! Download it from the blog post

You can try a free demo version of this product (only work on demo accounts) https://www.mql5.com/en/market/product/43740

Product demo signal https://www.mql5.com/en/signals/667417

Features

  • High frequent trading - Maximized performance and also suitable for (rebate hunting - cashback earnings)
  • Aggressive mode - Adviser will trade more aggressively (performance increase). By using this function you need to understand that the risk also increases!
  • All order settings in pips - 1 pip = 10 points
  • News filter - Checks and protects for medium and high impact news including Non farm pay rolls - This only apply if no orders are open before, during and after the actual news range.
  • Weekday manager - Monday to Friday - Cycle start hr- Cycle stop hr (Cycle hr stop does not completely stop trading process if orders still open - only prevent adviser from starting a completely new fresh cycle)
  • Works pretty much on any low spread currency pair (Optimization to obtain quite sustainable settings)
  • Auto magic set - No configuration of magic numbers, it's all done automatically and permanently stored in a pool base which always give same magic that was assigned even if adviser are removed or if terminal restarted.
  • Optional to use the latest set file if EurUsd traded (optimized on weekly basis)  https://www.mql5.com/en/blogs/post/731107
  • Account stop out protection - Equity guard - Avoid getting wiped out in one piece
  • Sequence lots size regulator - Protection against over sized sequence lots
  • Average spread calculator - Get information about the traded currency pairs average spread - useful to determine if it's dangerous to trade or not as larger spread significant will increase the overall risk! 
  • Emergency close button - On chart button for emergency closing of all open chart orders.  Do not use unless it's absolutely necessary!
  • Default settings require minimum $400-500 deposit (Cent accounts $40-50)

Important

  • Monday and Friday trading involves a greater risk - think twice here!
  • Use smaller operational hours to minimize the risk of large DD. 
  • Make sure there are enough funds to cover margin use
  • Trade on low spread currency pairs
  • Should be used on lower time frames M5-M15 for best performance and frequency of trades but works on any time frame as desired
  • Use only one adviser/account as it depends on the equity alone
  • Optimize for very short periods to keep maximal sustainable settings from 1 week to max 1 month (EurUsd M15 supported)
  • Use high account leverage - minimum 1:400 or higher, ECN account with stop level 0
  • High performance vps and execution speed required

Pros and cons

  • High performance
  • Powerful news filter
  • Lot's of trades - depending on cycle hours - Wider(more trades)
  • It's a betting type system

News filter URL

Web Request needs an URL link to be working and download it's news file for processing upcoming news. Be sure to check ' Allow Web Request for listed URL's in tab Tools/Options/Expert advisors and copy-paste provided link into the field 'Add new url'.

http://ec.forexprostools.com/

    Max Rebate adviser settings

      • I refer to screenshots - Think they are kinda self explanatory - Any questions, send a PM!



      Ekstroem
      91
      Ekstroem 2019.12.10 00:07 
       

      Great tool, I don't see any issues with it. Author is extremely helpful

      バージョン 1.8 2020.01.12
      This version;
      1:Dynamic order step modifier added
      バージョン 1.7 2019.12.16
      This version:
      1: Aggressive trading mode added - Performance will increase with this function....But more risky! Be sure to test this function out before applying it!
      バージョン 1.6 2019.11.16
      This version;
      1: Completely new improved trailing stop system
      バージョン 1.5 2019.11.16
      This version;
      1: Added increment steps to settings
      2: Trailing stop values set internal and standard
      バージョン 1.4 2019.11.04
      This version:
      1: There was some problem with news object removal when removing the adviser from chart and the panic button did not respond changing state when clicked.
      バージョン 1.3 2019.11.03
      This version:
      1: A problem drawing vertical news lines on chart fixed
      バージョン 1.1 2019.11.03
      This version:
      1: Tiny correction