Fast Growing MT4 Forex Robot is an automated forex robot work using a combination of martingale and…. It copies forex trades, positions, orders from any accounts to any other account, Be…. Atlantian Gold Robot is an automated forex robot work using a combination of martingale and hedging. It uses…. It works using by placing pending…. Night Profit EA 2 is a fully automated scalper trading algorithm that trades with the trend.
This EA Work is…. This EA has around…. Press ESC to close. Forex EA The forex expert advisor is a program capable of performing in the terminal any action following the instructions of a trader, without his direct involvement. Page 1 of 11 Next. Free Daily Forex Signals. A trade request is only executed if the take profit and stop loss specifications are accepted by the terminal client and by the trade server.
The default stop loss is nine pips, while the default take profit is pips. Most of the time the take profit target is not achieved as it is relatively far compared to the stop loss limit. Plus, the robot employs trailing stop. The lot size used in trade execution is not the value set by the user in Inputs. It appears that the lot size indicated in Inputs is multiplied by 10 to get the actual trade volume. By default, the lot size is 0.
This means that the traded lot size is 1. In reality, the trade volume is calculated in this manner. The expert advisor ignores the default lot size or whatever value is set by the user in Inputs. Instead, it divides the account balance by 10, The quotient then becomes the actual lot size. To avoid errors when sending orders, the robot checks if the lot size obtained is greater than the maximum permissible lot size for the current trading account. If this is the case, the maximum lot size becomes the actual lot size.
More often trades are closed either forcibly the expert advisor or by the stop loss. This is evident when one looks at the trade results in back testing. An open trade is forcibly closed when the RSI gives a signal opposite to its direction. For example, if the current trade is a buy and then the RSI gives an overbought reading, the current trade is closed right away. When a trade is closed this way, a trade in the opposite direction is immediately executed to take the place of the previously closed trade.
However, forced closure of trades only happens if the running profit of the open trade is positive. Trailing stop is another function used by the expert advisor in managing trades. If a trade gains at least six pips, its stop loss is trailed until price hits the new stop loss. Oftentimes the take profit is not reached as it is too far ahead. The lot size of trades varies by the account balance. It goes up and down as the trading account earns or loses money.
Testing using five months of historical price data was done to determine the profitability of the SuperForex V2 Expert Advisor. Sadly, the testing result was negative. The equity curve was going down continuously and almost reached zero. At the end of testing, the account was almost wiped out, and the maximal drawdown was a little less than percent. As a scalper, the trading system executed trades per month on average, with a win rate of 47 percent.
The above test result should make anyone wary to use this trading system in live trading. The program code should be reviewed and reworked to correct apparent issues. One issue is the point value used in actual trade operation. While the expert advisor defines at the beginning of the tick function a variable containing the correct point value, the algorithm did not refer to this variable in the actual trade operation. In another instance, the order profit is divided by the point value, which is incorrect.
Normally, the point value is divided to the price to get the points or pips. The inconsistent and incorrect coding could be the reason why the robot failed miserably in testing.
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The top expert advisors were selected to yield considerable profit with low maximum drawdown during backtests. If you want to use an MT5 EA , you would need to open an account with a broker that supports MT5 version of the platform. If you experience any problem whole installing a MetaTrader expert advisor in your platform, please refer to this tutorial: MetaTrader Expert Advisors User's Tutorial. If you want to achieve higher backtesting quality for your expert advisors, please read this tutorial on importing and converting quality historical data in MetaTrader: MetaTrader History Data Importing and Converting Tutorial for Quality Backtesting.
ECN-compatibility means that an expert advisor can work with ECN MetaTrader brokers the ones that force market execution for trading robots. Market execution means that you cannot add stop-loss or take-profit levels during the position opening; stop-loss and take-profit may be added only later by modifying the existing position.
Each expert advisor's category is visible on its description page along with a detailed explanation of this category. If you want to share your own expert advisor or if you want to comment on any Forex robot EA presented here, please visit our forum on MetaTrader expert advisors. What Is Forex? Please disable AdBlock or whitelist EarnForex.
Thank you! EarnForex Software. This will create a small delay in execution and also a short period when position exists without a stop-loss but, usually, both are negligible. ECN-incompatible — expert advisors from this group will most probably not work properly with market execution brokers.
They do not have any special input parameters for enabling ECN mode. Measures persistence of price movements; trades against it. Bollinger Bands Breakout. A promising BB breakout expert advisor. Reverse Heiken Ashi strategy. Tester with variable lot size. Bill Williams Alligator. Basic moving average crossover EA for further development.
Customizable moving average cross EA. A disastrous expert advisor based on PSAR indicator. Stochastic Oscillator. A disastrous EA based on stochastic oscillator indicator. Based on CCI indicators. Based on breakouts. Pull-back strategy with low take-profit. Artificial Intelligence. Simple neural network. Multiple indicators system. Simple breakout strategy for Tuesday, Wednesday and Thursday. Based on ATR trailing stop.
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The SuperForex V2 Expert Advisor is a scalping algorithmic trading system for MetaTrader4. The name of the expert advisor might be a misnomer as the trading. Super Forex Robot EA is a fully automatic Expert Advisor. It can actually outsmart a market by placing BUY and SELL orders when the requirements. The forex expert advisor is a program capable of performing in the terminal any action following the instructions of a trader, without his direct involvement.