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 works on cent accounts and ECN raw spread accounts(not cent) with a start deposit of $50 respective $500. It's a betting type adviser using martingale order sequence to close unprofitable orders. Indicators (no configuration) are standardized to determine market heading.
- 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.
- 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!
- Consolidation range detection - detects consolidation ranges for best safest trading if daily ADX exceeds the specified value.
- Emergency close button - On chart button for emergency closing of all open chart orders. Do not use unless it's absolutely necessary!
- Minimum $400-500 deposit (Cent accounts $40-50)
- 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
- Use high account leverage - 1:400 or higher, ECN account preferred stop level 0 (not a restriction but recommended)
- 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'.
- I refer to screenshots - Think they are kinda self explanatory - Any questions, send a PM!
1: Dashboard and journal switch fix
1: Consolidation range detection now fully automatic
1: Consolidation range detection - Can this be established? i think so with this new function and tests on demo account shown good progress. Please test this!
Default settings NOT valid for next week 8....wait for new set file if you trading EurUsd and it's available on Sunday via my blog post.
1: Internal adjustment to safe boost values
2: Default settings adjusted and valid for upcoming new week #7
1: *New function* 'Safe boost' - When profit increase(boost) used this function can be enabled to reduce the risk of boosting trades during strong trends.
1:Dynamic order step modifier added
1: Aggressive trading mode added - Performance will increase with this function....But more risky! Be sure to test this function out before applying it!
1: Completely new improved trailing stop system
1: Added increment steps to settings
2: Trailing stop values set internal and standard
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.
1: A problem drawing vertical news lines on chart fixed
1: Tiny correction