Forex Archer Expert Advisor review:
Forex Archer Expert Advisor is a fully automatic Expert Advisor that DOES NOT use Martingale, but still gets an excellent result. “Archer” is an innovative adviser that includes a very advanced secret trading algorithm that allows to predict the price behavior with high accuracy and thus get a very high percentage of winning trades.
“Archer” is a 24-hour advisor that uses grid trading. The EA includes many security functions to make it safe and at the same time make a profit every day with minimal drawdown.
This EA is easy to learn and use. You do not need any experience to work. Most grid systems use the Martingale strategy, which is more risky and causes a large drawdown. “Archer” no! The lot size of each order does not increase. Each order is opened with the same lot size as the first order.
Working pairs: AUDNZD, EURGBP, USDCAD, EURUSD H1.
Minimum deposit $1000.
- Lots – fixed lot size.
- MagicNumber1 – EA’s order magic number.
- TakeProfit – the Take Profit value in pips.
- MaxPositions – the maximum allowable number of simultaneously open positions.
- FIFO – set TRUE for brokers supporting the FIFO rule.
- EmergencyCloseAllTrades – Emergency Close All Trades.
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)