Forex Adamant Expert Advisor review:
Adamant Expert Advisor is based on standard MFI (Money Flow Index) indicator. The distinctive feature of this trading robot is that it opens one Buy deal at a time closing it by stop loss or take profit. Then, the next position is opened if the conditions are met. Adamant features trailing stop.
Trailing stop is an efficient tool allowing users to automatically set stop loss at the appropriate level from the current price. Trailing stop is perfect when the market moves steadily in one direction, while a trader cannot follow the movement.
The lot management is performed so that if you set 0, the lot becomes dynamic, i.e., Adamant will manage the lot size during the trading depending on the deposit size and risk percentage value, which is also configured in the settings.
The Expert Advisor is perfectly tested and optimized. It has adjustable parameters allowing users to find the best and most profitable settings, as the same settings cannot work equally well with different currency pairs and at different times. It has been observed that Adamant works better with four-digit EURUSD quotes than five-digit ones. Thus, it is recommended to use four-digit quotes for EURUSD.
The Expert Advisor can work with any currency pair, but first the trading robot should be optimized in order to be used with this pair, as well as the best setting should be selected and saved.
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)