Forex Invader Expert Advisor

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.

Operation Principle

  • 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.

Test results:

Forex Invader Expert Advisor

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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