Forex Invader Expert Advisor review:
- Purpose: automated trading in the Forex market with the MetaTrader 4 trading terminal (MetaQuotes Software Corp.), supports build 604 and higher!
- Trading strategy: market entry in the direction of a trend or at pullbacks.
- Type of the Expert Advisor: Aggressive Scalper EA.
Trading and Brokers
- The mechanism of the expert advisor is designed for any price movement.
- The level of mathematical expectation of profit is achieved through opening of opposite-direction transactions and closing positions opened “with trend”.
- The EA can work on all kinds of accounts and all currency pairs.
- It is better to use the EA on a five minute chart with any currency pair.
- Trading can start with $100 and the initial lot 0.01
- Any broker.
- The algorithm of the Expert Advisor is based on the theory of 3-bar lows and highs by Larry Williams.
- Orders are closed based on the total profit or by Take Profit.
- Money Management: Fixed lot with increment option or % of the account balance.
- Timeframe: М5,M15,H1.
- Indicators: standard, built in the Expert Advisor code.
- Display of information: trade statistics, main trade settings and Expert Advisor status details are displayed on the left side of the chart.
- Installation: the Expert Advisor is installed in a selected folder of the MetaTrader 4 trading terminal.
- Trade settings: all parameters have default values.
- Optimization: based on control points. To maximize profits, it is recommended to perform optimization independently.
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)