Forex Fox Trot TWO Robot

Forex Fox Trot TWO Robot review:

FoxTrotTWO EA is a scalper Expert Advisor intended for EURUSD. It is also available for other major pairs and cross currency pairs. Recommended timeframe is M15. FT2 trades a narrow range at night. At the top and bottom of the range, FT2 will try to generate trades in the opposite direction. To open suitable trades, the Expert Advisor uses several indicators and analyzes several timeframes. But the trades are generated by price actions and are not opened by the indicator. FT2 requires a moderately volatile and a trend-free market environment.

Recommendations

  • Trading Time: mainly in the European night time
  • Timeframe: M15
  • Broker: it is recommended to use an ECN broker and a VPS
  • Risk setting: 20 low risk 40 middle risk 60 high risk

Benefits

  • No martingale, no grid, no hedging

Test results:

Forex Fox Trot TWO Robot

Parameters:

  • Trading Hour Start 23 – hour in which the EA starts the trading period
  • Trading Minute Start 30 – minute in which the EA starts the trading period
  • Trading Hour End 0 – hour in which the EA ends the trading period
  • Trading Minute End 59 – minute in which the EA ends the trading period
  • Close Hour Start 9 – hour in which the EA starts the closing period
  • Close Minute Start 0 – minute in which the EA starts the closing period
  • Close Hour End 9 – hour in which the EA ends the closing period
  • Close Minute End 1 – minute in which the EA ends the closing period
  • Allowed Spread 15.0 – maximum allowed spread to open a trade
  • Slippage 3.0 – maximum allowed slippage to open a trade
  • Use Money Management false – ‘false’ means trade with fixed lot size; ‘true’ means trade with automatic LotSize via risk setting
  • fixed LotSize 0.01 – if Use Money Management = false, then trade with fixed lot size
  • Risk 30.0 – percentage of free margin to trade – for example: risk 30 means 0.03 lot per 100 USD free margin
  • max Lotsize 90.0 – maximum allowed lot size to open trades
  • Magic Number – unique number to identify each trade
  • Order Comment – set here your trade comment
  • Use Rollover Spread Filter – if true, then spread filter is active (new stop loss during rollover period)
  • XMinutesBeforeRollover – change stop loss to a new value from x minutes before rollover period
  • YMinutesAfterRollover – change stop loss to a new value until y minutes after rollover period
  • relevant Spread Value in points during Rollover period – change stop loss value if market spread is higher than this set spread value
  • additional Stop Loss Value in points during Rollover period – new additional value of the stop loss in points during rollover period
  • Use Pause Filter – if true, then the pause filter is active
  • Pause between Trades in seconds – time interval between opening the 1st trade and 2nd trade
  • Use Swap Filter – if true, then the swap will be taken into account in the trading
  • Minimum Swap – choose minimum swap value
  • YMinutesRange – amount of time in minutes to midnight, in which the swap should be taken into account
  • Filter1 16 – filter 1 period
  • Filter1 Value 50 – filter 1 value
  • Filter2 12 – filter 2 period
  • Filter2 Value 50 – filter 2 value
  • Filter3 10 – filter 3 period
  • Filter3 Value 70 – filter 3 value
  • Filter4 7 – filter 4 period
  • Filter4 Value min 30 – filter 4 minimum value in points
  • Filter4 Value max 300 – filter 4 maximum value in points
  • Filter5 Value min 30 – filter 5 minimum value in points
  • Filter5 Value max 350 – filter 5 maximum value in points
  • Deltafactor 0.3 – determines the distance from the upper and lower end of the range for strategy 2 (the factor depends on the filter 4)
  • TP Factor 0.6 – factor to determine the Take Profit (the factor depends on the filter 4)
  • SL Factor 4.5 – factor to determine the Stop Loss (the factor depends on the filter 4)
  • TP Factor2 0.6 – factor to determine the Take Profit 2 (the factor depends on the filter 4)
  • SL Factor2 4.0 – factor to determine the Stop Loss 2 (the factor depends on the filter 4)
  • max allowed SL Value in Points – if the SL value, calculated on the basis of the given volatility, appears too high, the SL value can be limited with this parameter
  • max allowed TP Value in Points – if the TP value, calculated on the basis of the given volatility, appears too high, the TP value can be limited with this parameter
  • Use Safe Mode true – false means trade without safe mode indicator; ‘true’ means trade with safe mode indicator
  • Safe Mode Indicator Period 20 – safe mode indicator period
  • Update TP if lower then TP min -if true, then take profit min value will be readjusted, if the executed take profit value is below the calculated take profit min value
  • TP min in Points 25 – minimum value Take Profit in points
  • MondayAM true – if true, then trading on Monday AM is possible; if false, then will be no trades executed on Monday AM
  • MondayAMStartTime 00:00 – start time trading period Monday AM
  • MondayAMEndTime 12:00 – end time trading period Monday AM
  • MondayPM true – if true, then trading on Monday PM is possible; if false, then will be no trades executed on Monday PM
  • MondayPMStartTime 12:00 – start time trading period Monday PM
  • MondayPMEndTime 23:59 – end time trading period Monday PM
Sets for the other weekdays are similar.
  • UseNewsFilter true – if true, then news filter is active
  • CloseAfter_BeforeMins false – if true, then already open trades are closed at time x-BeforeMins and new trades will not be opened until y-AfterMins; if ‘false’ then already open trades remain open at the time x-BeforeMins and (only) new trades will not be opened until y-AfterMins
  • SymbolsToCheck EUR,USD – news relevant pairs can be set individually
  • UseHighImpact true – if true, then High Impact News will be considered
  • HighBeforeMins 120 – suspend trading from x minutes before High Impact News
  • HighAfterMins 120 – suspend trading until y minutes after High Impact News
  • UseMediumImpact true – if true, then Medium Impact News will be considered
  • MediumBeforeMins 60 – suspend trading from x minutes before Medium Impact News
  • MediumAfterMins 30 – suspend trading until y minutes after Medium Impact News
  • UseLowImpact false – if true, then Low Impact News will be considered
  • LowBeforeMins 30 – suspend trading from x minutes before Low Impact News
  • LowAfterMins 30 – suspend trading until y minutes after Low Impact News

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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