Forex Mehteran EURUSD Robot

Forex Mehteran EURUSD Robot review:

It is an Expert Advisor which works with tick datas. It is a reversal scalper and uses basic price action rules in volatile market conditions. This EA version was optimized for EURUSD pair and low spreads (better maximum 0.9 spread). You can optimize it for your broker or ask me for this before buying.

Test results:

Forex Mehteran EURUSD Robot

Parameters:

  • AlyonkaFactor = default is 34 for transaction frequency.
  • DistanceFactor = default is 20 (parameters must be compatible with your broker settings).
  • TrailingStop = default is 20 (parameters must be compatible with your broker settings).
  • StopLoss = default is 20 (parameters must be compatible with your broker settings).
  • MaxSpreads = default 9 shows that it will work max. 0.9 spread.
  • fixedlots = default 0.01 means it will open orders of that size if money management is false.
  • risk in percentage = default is 10.
  • magic number = 1116.

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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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