Forex Cyrus Lite Expert Advisor

Forex Cyrus Lite Expert Advisor review:

Forex Cyrus Lite Expert Advisor is a fully automated trading system. Cyrus EA is based on the strategy of determining a trend and opening trades following the market movement. The EA uses 4 similar algorithms to determine entry points, thus it is possible that several orders will be opened at a time. For each trade the separate Stop Loss and Take Profit are placed.

The Expert Advisor works on EURUSD and GBPUSD pairs. Timeframe is selected on the grounds of a user’s preferences (author prefers M5). You can trade on any or on all timeframes (each timeframe should have its own value of the MagicNumber parameter — see Parameters).

Features

  • It DOES NOT use grid strategy.
  • It DOES NOT use Martingale.
  • It DOES NOT use hedging and arbitrage.
  • Handy risk calculation system.
  • Works with 4 and 5 digits brokers.
  • Automated twenty-four-hour operation (disabling on news is not required).
  • Built-in system of fast capital recovery.
  • Positive results of long backtesting of the strategy (from 1999 to our days) including quotes with 99% quality.

Recommendations

  • 5 digit ECN and STP account with average spread on EURUSD not exceeding 20 points.
  • Deposit: $200.
  • Leverage from 1:50-100 (depending on expected risks).

Test results:

Forex Cyrus Lite Expert Advisor

Parameters:

  • Trailing — enable/disable Trailing profit (it starts when an order reaches 80 points of profit).
  • Risk — calculation of a trade size (lot) which depends on a deposit size in % (maximum amount you are ready to risk in one trade, as percentage of the deposit).
  • FixLot — fixed size of a trade (does not depend on the deposit size). The parameter is activated when Risk=0.
  • AutoGMT — enable/disable automated determination of your broker’s time offset comparing to GMT (your broker’s time offset must be set manually to test it in the strategy tester!).
  • Allowed orders per strategy — the maximum number of orders to be opened by each strategy.
  • SummerGMT — your broker’s summer time offset comparing to GMT (the parameter is activated when AutoGMT=false).
  • WinterGMT — winter time offset comparing to GMT (the parameter is activated when AutoGMT=false).
  • ShowIndication — show indication on the chart.
  • MagicNumber — ID number of the EA’s orders (each algorithm uses its own ID number as follows: MagicNumber+(algorithm number). For instance, if MagicNumber = 1000, ID number of the first algorithm will be 1000+1=1001, for the second – 1000+2=1002 and all the way to 4)
  • EAComment — comment for the EA’s orders.
  • RecoveryMode — fast capital recovery mode. ATTENTION! Test this function in the strategy tester before using it!
  • MaxSpread — maximum allowed spread for opening orders.

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)

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