The art of Forex MT5
The art of Forex is a new complex Expert Advisor that continuously trades in both directions. A series of orders will be opened to get the best average price until the take profit is hit. It is optimal for making profits in an unpredictable market.
A loss coverage system is integrated to allow the recovery of orders that are too distant from the current price.
The best results are on EUR/USD H1 but you can use it on any forex pair and timeframe.
Live results: https://myx.gg/mql5
Share your best configuration set or find help on the discord: https://myx.gg/discord
You can use the default settings or find your own configuration depending on the security you want to have. I recommend to test your strategy before going on live account and withdraw your profits regularly.
Note: You must adapt the distances to the pair used, the default settings are made for EUR/USD and similar pairs.
- The EA can start a new cycle - Allow the EA to trade. If false, the EA will stop trade at the end of the current cycle.
- Display information and button on the graph - Allow the EA to display informations on chart.
- Magic number - The magic number needs to be different on each new chart.
- Initial lot - The size of the initial lot.
- Initial lot per balance [0=off] - Balance per initial lot. (Ex: if Initial lot = 0.01 & Initial lot per balance = 1000, initial lot will be 0.01 at 1000, 0.02 at 2000, 0.1 at 10000)
- Maximum lot - Maximum lot the EA can use for an order.
- Type of lot calculation -
-addition_step: Each new lot is summed with the multiplication of the initial lot.
-multiplication_step: Each new lot is multiplied by the number of orders and the multiplier.
- Lot calculation multiplier - This is the multiplier used to calculate the lot.
- Single order TP and distance (in points) - Take profit for single order. This is also used to determine the distance between orders.
- Multiple orders TP (in points) - Take profit for multiple orders.
- Loss coverage TP (in points) - Take profit pour loss coverage. It will take the last order to close the first.
- Global SL [0=off] (in points) - Stop loss single and multiple orders. It's not recommended to use it with this EA.
- Minimum open orders to activate loss coverage - Number of orders that must be opened in the same direction to activate the loss coverage system.
- Number of hedge orders - Number of orders that will be hedged in the opposite direction.
Recommended balance: low risk: +10,000$, medium risk: +3,000$, high risk: ±1,000$
- Why are my robots only for rent?
It is important for me to deliver professional and efficient Expert Advisors to my clients. They need to work on live accounts and not only on backtests.
By using the rental system, the cost of access to EA is lower. It allows you to test the EA on the market and reinvest a part of your profits if it was profitable. If it was not, you will have spent only a part of its total cost.
It requires me to keep my algorithms up to date so that they will continue to perform in the future and keep my customers satisfied. That way, everyone wins.