Forex Anchor Expert Advisor

Forex Anchor Expert Advisor review:

Forex Anchor Expert Advisor uses pure grid algorithms. The EA will not increase lot size. The stop loss is always set.

This EA is very easy to use and can apply for many currency pairs. It works on accounts with 4- and 5-digit quotes.

This EA is recommended for the M15 time frame. The default settings are optimized for following currency pairs: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, AUDCAD and EURGBP.

Test results:

Forex Anchor Expert Advisor

Parameters:

  • AutoSetting=true – Mean EA will automatically select the value of parameter “OSC_Rate” and “MACD_Rate”.
  • OSC_Rate=12.0 – This factor will determine the market movement.
  • MACD_Rate=0.4 – This factor will determine the MACD histogram value.
  • Order Step=2.0 – This factor will determine the distance between two orders.
  • ProfitRate=4.0 – This factor will determine the take profit value.
  • FastEMA=12 – Fast EMA of MACD indicator.
  • SlowEMA=26 – Slow EMA of MACD indicator.
  • MACD_SMA=9 – Signal SMA of MACD indicator
  • UseMM=false – Mean do not use money management.
  • RiskRate=1 – Mean 0.01 lot per 1000 units of balance.
  • BasicLotSize=0.1 – Basic lot size (if UseMM=false).
  • Max Spread in Points=50 – Maximum spread to open the trades.
  • Comment=AnchorMT4 – Comments.
  • MagicNumber=789 – Magic Number.
  • Slippage=30 – Slippage.
  • IsUseSL=false – Mean do not use SL in currency unit.
  • AmountSL=1500 – EA will close all orders when the loss excess this value (IsUseSL=true).

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Installation

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)

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