Forex Mega EURUSD Expert Advisor

Forex Mega EURUSD Expert Advisor review:

Before developing Forex Mega EURUSD Expert Advisor, I programmed 42 strategies based on my knowledge. The easiest thing was done, however, it was still necessary to test them. So, I downloaded archives for complete historical data from 2001 to 2014 and ran backtests. I decided to test each strategy separately at BUY and SELL. For each currency pair, I realized the backtest with very specific criteria. Each strategy is independent of one another, each strategy has its own TP.

I managed to create a stable Expert Advisor. Lots of strategies use Ichimoku indicator. In terms of other indicators, I use only the basics of indicators.

The most significant updates were made in this ultimate version 4.2 of MegaForexEA.

Test results:

Forex Mega EURUSD Expert Advisor

Parameters:

  • IsMicroAccount – set to True to make lots 0.0X
  • FixedLots – set the desired lot size
  • AutoLotSize – if True, the EA opens 0.01 lot/$500
  • Slippage – determines the maximum slippage allowed for an order
  • ClosePartialOrdersinSequence – close all trades if the EA is trying to open a trade X, where X is the value set in “NumberofOrdersToClose”
  • NumberofOrdersToClose – set a number of orders to close before taking into account “ClosePartialOrdersinSequence” or “CloseOldestOrderOnRecovery” parameters
  • CloseOldestOrderOnRecovery – close only the first trades if the EA is trying to open a trade X, where X is the value set in “NumberofOrdersToClose”
  • MaxNumberofPositions – amount of strategies that may be simultaneously BUY and SELL
  • MagicNumberShort – Magic Number, must be identical to the one set in “MagicNumberLong”
  • MagicNumberLong – Magic Number, must be identical to the one set in “MagicNumberShort”

The rest of the parameters are different strategies.

Recommendation

We recommend that you leave the default settings, except the lot size that can be changed!

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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