Forex Ares Expert Advisor

Forex Ares Expert Advisor review:

ARES MT4 EA 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 M30 time frame. The default settings are optimized for following currency pairs: EURUSD, USDJPY, GBPUSD, 

USDCAD, EURGBP, AUDJPY and EURJPY.

Test results:

Forex Ares Expert Advisor

Parameters:

  • AutoSetting=true – Mean EA will automatically select the value of parameter “NDH_Index”
  • NDH_Index=12 – This index will determine the market movement.
  • IsUseMM=true – Mean use money management.
  • RiskRate=1 – Mean 0.01 lot per 1000 units of balance.
  • BasicLotSize=0.01 – Basic lot size (if IsUseMM=false).
  • Max Spread in Points=50 – Maximum spread to open the trades.
  • Comment=Ares – Comments.
  • MagicNumber=999 – Magic Number.
  • Slippage=5 – Slippage.

Download our other Free Forex Robots For Metatrader 4

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)

Other forex indicators and strategies

Leave a Comment