Forex Crocodile Expert Advisor

Forex Crocodile Expert Advisor review:

CrocodileEA is based on EURUSD, GBPUSD and EURGBP – three currencies to clutch relationship in three directions on the Market. It uses small stop loss, larger take profit, profit protection, K trailing stop strategy, etc. CrocodileEA 1.0 is developed only for EURGBP M15 chart. To backtest it, one should have complete historical data for those three currencies (EURUSD, GBPUSD and EURGBP).

Test results:

Forex Crocodile Expert Advisor

Parameters:

  • Lots: open position volume.
  • MoneyManage: whether to use money management.
  • LotsPer1000: when using money management, this parameter sets how many lots are used for every 1 000 units of balance.
  • UseKMoveSL: whether to use K TrailingStop.
  • KCount: when using K TrailingStop, the K value is set; a buy order takes the lowest price, a sell order takes the highest price.
  • KDistance: when using K TrailingStop, stop loss for a buy order is Kcount below price – KDistance, stop loss for a sell order is Kcount above the price + KDistance.

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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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