Forex Mad Pro Expert Advisor

Forex Mad Pro Expert Advisor review:

EUR/USD M30

Opening (Entry Signal)

Download our other Free Forex Robots For Metatrader 4

Forex Mad Pro Expert Advisor Open a new long position at Moving Average* (Exponential, Close, 26, 76) when the following logic condition is satisfied:

  • Directional Indicators* (Exponential, Bar range, 18); ADI+ is lower than ADI-.

Open a new short position at Moving Average* (Exponential, Close, 26, 76) when the following logic condition is satisfied:

  • Directional Indicators* (Exponential, Bar range, 18); ADI+ is higher than ADI-.

Closing (Exit Signal)

Close an existing long position 29 points below the top price of the previous week.

Close an existing short position 29 points above the bottom price of the previous week.

Handling of Additional Entry Signals**

Entry signal in the direction of the present position:

  • No averaging is allowed. Cancel any additional orders which are in the same direction.

Entry signal in the opposite direction:

  • No modification of the present position is allowed. Cancel any additional orders which are in the opposite direction.

Trading Size

Always trade a constant number of lots.

  • Opening of a new position – 2 lots.

Protection

The strategy does not provide a permanent loss limitation.

The strategy does not use a Take Profit.

————–
* Use the indicator value from the previous bar for all asterisk-marked indicators!
** The averaging rules apply to the entry signals only. Exit signals close a position. They cannot open, add or reduce one.

Test results:

Forex Mad Pro Expert Advisor

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