Forex Magical Powers Expert Advisor

Forex Magical Powers Expert Advisor review:

This Expert Advisor is based on Trend Following Systems.

The mechanism (stop-and-reverse) technical indicator. Based on a price and time trading system, the indicator is used for analyzing market trends. The indicator trails price as the trend extends over time. It is similar to the Moving Average, as the only difference is that the indicator moves with higher acceleration and may change its position in terms of the price. In general, the indicator moves below the prices as they go up (bull market) and above the prices as they go down (bearish market). As the price trend reverses, the indicator breaks it and starts moving in the opposite direction, following the prices like a trailing stop. The indicator continuously protects profits as prices advance, and protect profits in short positions as prices fall.

Key Features

  • Trades on different timeframes, recommended M15.
  • Trades on any pair, recommended EURUSD
  • Initial deposit: $ 500 up
  • Use an average position algorithm
  • Use only five-digit accounts
  • Using real tick data in backtest with 99.9% modeling quality
  • It is recommended to use very low spread ECN Broker, VPS (Virtual Private Server) is required for faster connections to send orders

Most ECN Brokers have these qualities.

Test results:

Forex Magical Powers Expert Advisor

Parameters:

  • MagicNumber – Magic number to set the ID for each EA
  • UseLotsize – Setting Auto_Lots or Manual_Lots
  • Lots – initial lot size
  • Risk – Setting the risk level
  • Slippage – slippage in points
  • StartTradeTime – Set time to start trading
  • EndTradeTime – Set time to end trading
  • BrokerGMTOffset – Your Broker GMT Offset
  • TradeMonday_Mode – set ON/OFF for Monday trading
  • AfterHourMonday – after hours Monday start
  • TradeFriday_Mode – set ON/OFF for Friday trading
  • AfterHourFriday – after hours Friday close
  • CloseOrderFriday – closing profit orders on Friday
  • CloseProfitFriday – profit amount
  • CloseAllFriday – close all orders on Friday
  • Display Settings – apply default or change display position
  • Top – distance from the top
  • Left – distance from the left

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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