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TrueRobot

The TrueRobot is a simple to use multi-currency Expert Advisor.

Small number of adjustable parameters, multi-currency operation and fast optimization were the top priority in implementation of this EA.

Used timeframe is M5.

It uses the averaging algorithm, however, it does not increase the lot sizes and it is not a conventional grid EA. It is recommended to set lot = 0.01 for each pair. Recommended deposit - $1000 or more, leverage - 1/500 or higher, NDD/ECN accounts. Designed for 5-digit quotes.


Features

  • Fast testing and optimization on tick data.
  • Small number of parameters to optimize.
  • Error handling and output of performed actions to the log.
  • Large number of trades, which grants it the opportunity to make profit not only from Forex market but also from receiving rebates (returning part of a spread).
  • Virtually the same settings for all currency pairs.


Parameters

  • Magic - magic number
  • Lot - lot size
  • Slippage - price slippage
  • MaxPositions - the maximum number of positions (buys and sells simultaneously) per pair. Optimal value - 20 or more.
  • TrailingStart - the number of points to activate the trailing stop feature
  • TrailingStep - trailing stop step
  • TrailingStop - trailing stop distance


Recommendations

Use VPS for EA operation. Periodically withdraw the earned profit. Periodically optimize the parameters and select the traded pairs (preferably with a small spread).

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