The Forex Miracle Expert Advisor is based on mean reversion strategy in the low-volatility night-time. The backtest has been conducted from 2005.
The trades are opened every day at the appointed time. The EA calculates position based on the market situation. The trading robot can use up to 4 averaging. The EA does not use StopLoss.
EA Online Monitoring:
Signals: Smooth growth MT4 (EUR/USD)
Timeframe – M15. Currency pairs: EURUSD, GBPUSD. The EA can be tested by every tick or open prices only.
- Minimum deposit – 200$
- Minimum lot – 0.01
- Minimum leverage – 1:100
- Recommended types of accounts – NDD and ECN
- The EA does not require optimization
- StartLots – starting lot size. StartLots can be modified by EA from a market situation, but no more than twice.
- StartHour, StartMinute – EA operation start time. StartMinute must be a multiple of 15 (0-15-30-45). The recommended time 00:15 for EET (Eastern European Time).
- TakeProfitPip – profit target in pips from the entry price.
- StepPip – step of averaging in pips.
- UseMM_Balance – value in deposit currency. If this option is set (i.e. different from 0), then the starting lot is calculated per each part UseMM_Balance of deposit. If set to 0, then the starting lot is fixed and equals StartLots. For example, if StartLots=0.1 and UseMM_Balance=300, when the deposit is 300, the EA will open an order of 0.1 lot, and when the deposit is 600 – 0.2 lot, when the deposit is 900 – 0.3 lot, etc. This parameter is needed for reinvestment.
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)