The Forex Armageddon Lite Robot trades on breakout of support and resistance levels. The strategy demonstrates stable results during last five years.
Works on EURUSD, H1.
Please note that this free version trades only a fixed lot 0.01.
EA Operating Peculiarities
- Trades pending orders
- Does not require large deposit
- No martingale or grid
- Always uses StopLoss and TakeProfit
- Profitable trades are moved to breakeven equal to the spread value
- Lot (размер лота) – if set to larger than 0.01, the EA will not trade
- TakeProfit – take profit in points
- StopLoss – stop loss in points
- Profit Size – profit in points to activate breakeven
The best results have been demonstrated on EURUSD. But the EA can be optimized for other symbols if required
- Use large TakeProfit/Stoploss ratio
- Recommended leverage is 1:500
- Register your account with ECN brokers which have tight spreads
- Recommended to disable the EA before Nonfarm Payrolls release
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)