Forex Idea Pro Expert Advisor

Forex Idea Pro Expert Advisor review:

Full automatic Expert Advisor contains three strategies on the standard indicators Stochastic, RSI and MA; averaging is used if necessary. The user can choose a strategy, working time, direction of opening orders, thus the adviser turns into a tool to facilitate the trader of his trade.

Test results:

Forex Idea Pro Expert Advisor

Parameters:

  • Choosing strategy – choosing a trading strategy.
  • Open new series – on / off beginning of a new series of orders.
  • Start lots – start lot.
  • Trade Buy – allow the adviser to buy.
  • Trade Sell – allow the adviser to sell.
  • Use Money Management – on / off use of automatic lot calculation.
  • Autolot. Free margin for each 0.01 lot – the amount of free margin for opening every 0.01 lots.
  • Lot miltiplier – lot multiplier for the following orders.
  • TP – take profit, in pips.
  • SL – stop loss, in pips from the first order.
  • Grid Step – distance between orders.
  • Trail Start – activation of a trailing stop.
  • Trail Step – distance from the price when activating a trailing stop.
  • Magic – is a special number that the EA assigns to its orders.
  • Start, End hour – time for opening the first order.
  • Maximum Lot – maximum lot.
  • Maximum spread – the maximum spread for the adviser.
  • Further, the parameters of the indicators Stochastic, RSI, MA. Stochastic work strategy – the adviser will sell above Up_Level_Stoch and buy below Down_Level_Stoch. The strategy for RSI is to sell if the RSI is higher than the value specified in Up_Level_RSI and buy if the indicator value is lower Down_level_RSI the adviser will buy. MA strategy – the bar opens above the MA, the adviser buys, sells below.

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