Rebate_Expert is a fully automatic Forex trading Expert Advisor. It has been initially developed for safe trading the main aim of which is receiving risk-free rebates. It works on fixed spreads in large dealing centers. The list of companies to trade as well as the recommended rebate service can be received as a private message.
Expert Advisor Advantages
- The EA does not use any indicators. Pure mathematics.
- Lots and lots of trades. At least ~4000 trades per year. Maximum ~ 15 000 trades per year.
- No need to close the robot during news releases.
- Does not require a very good execution, works only on pending orders.
- It has minimum drawdown by reason of locking.
- Flexible setting system allows to use hundreds of trading schemes. You can use both aggressive settings and minimal risk settings.
Weak Points of the Robot/Strategy
- Pretty cumbersome to be tested in the Strategy Tester due to a large number of trades.
- Use the EA on accounts with a fixed spread and a large level of rebates. For example, large services offer $1.6 per one 0.1 lot trade.
- By default the EA is set to minimum risk for 10,000 deposit. If you want to work with $1000 deposit, you need to decrease your position size to 0.01 lot and erase one "0" sign in TargetLoss and TargetProfit settings. It is better to become familiar with the EA using these settings before you start using aggressive settings.
- ORDER_ID = 1 — order's ID;
- Range =3 — order distance from the price; the larger the distance, the less trades are performed;
- Lots = 0.1 — position volume;
- DeletePrevOrders = 1 — flag of deleting orders after conditions of unlocking a lock are fulfilled;
- StartHour= "1" — EA operation start time;
- EndHour= "13" — EA operation end time;
- OrdersComment = "RB" — comments to open orders;
- TargetLossBuy = 1000 — lock parameters for BUY_orders; if your loss is equal to the value, the lock will be unlocked;
- TargetProfitBuy = 20 — lock parameters for BUY; if your profit is equal to the value, the lock will be unlocked;
- TargetLossSell = 9000 — lock parameters for SELL; if your loss is equal to the value, the lock will be unlocked;
- TargetProfitSell = 20 — lock parameters for SELL, if your profit is equal to the value, the lock will be unlocked;
- ShowComment = True — show comments;
- UseSound = False; — enable sound.