Forex Pairs Trading Ultimate Robot

Forex Pairs Trading Ultimate Robot review:

This Forex Pairs Trading Ultimate Robot operates based on binary combinations of conjugated currency pairs, including two modes: opening two orders in mutually opposite directions and opening one order on an adjacent pair (cross). By default, the EA uses parameters for the EURUSD-GBPUSD combination, optimized for working on EURUSD H1. To work on other currency pairs or periods, preliminary testing and optimization in the strategy tester are required.

Test results:

Forex Pairs Trading Ultimate Robot

Parameters:

  • TradeEnabled – if true, enables trading;
  • PairFirst – the first currency pair of the combination;
  • PairSecond – the second currency pair of the combination;
  • MagicNumberPairFirst – magic number of the first pair or cross;
  • MagicNumberPairSecond – magic number of the first pair or cross when TradeCrossReverse = true;
  • TradeCross – enable the cross trading mode;
  • TradeCrossReverse – change orders for the opposite when TradeCross = true;
  • ECN – if true, the opening/modification rules for ECN accounts will be used;
  • Lots – fixed trading lot;
  • Risk – percentage of the balance to be used in trading;
  • MaxLots – maximum lot;
  • MaxSlippage – maximum price slippage;
  • MaxSpread – maximum spread;
  • TestMode – testing and optimization mode;
  • PeriodRecalculated – recalculation period in testing and optimization mode;
  • TakeProfit – fixed take profit in points;
  • StopLoss – fixed stop loss in points;
  • PendingOrders – use pending orders;
  • PendingOrderLevel – fixed level of the pending order in points;
  • MaxTimePendingOrders – expiration time (in seconds) of the pending order, after which it is deleted;
  • MinLevelOpen – the minimum correlation level for opening orders;
  • MinLevelPair – the minimum correlation level for each currency pair;
  • MinLevelClose – the minimum correlation level for closing orders;
  • IncreaseDiscrepancyClose – close the order when correlation increases;
  • IncreaseLevel – deviation of the correlation indicator to close the order;
  • Discrepancy – the number of the indicator for calculating the correlation (from 0 to 3);
  • Shift – shift of the price series (Discrepancy = 0);
  • PeriodFirstMA – period of the first moving average (Discrepancy = 1);
  • PeriodSecondMA – period of the second moving average (Discrepancy = 1);
  • PeriodRSI – period of the RSI indicator (Discrepancy = 2);
  • PeriodWPR – period of the WPR indicator (Discrepancy = 3);
  • AverageOsc – if true, the averaged values of oscillators will be used (Discrepancy = 1 or Discrepancy = 2)
  • PeriodAvgOsc – averaging period for oscillators;
  • SymmetryCondition – additional condition for entering the market when signals are symmetric;
  • SynchroCondition – additional condition for entering the market when signals are simultaneous;
  • VolumeCondition – additional condition for entering the market when the volume is allowable;
  • ZoneVolume – the number of bars to estimate the volume;
  • MaxAccVolume – the maximum allowable volume;
  • Grid – if true, activates the order grid;
  • GridSpread – step of the correlation indicator for opening additional orders in the grid;
  • Rebound – if true, the deviation of the correlation indicator from the maximum value at which the order is opened is taken into account;
  • ReboundLevel – the deviation level of the correlation indicator from the maximum value for opening orders;
  • Trailing – if true, trailing stop will be used;
  • TrailingStop – trailing stop in points.
  • InfoMode – display information on the screen.

Recommend conditions and settings

  • Broker: ECN/STP;
  • Instrument: any, EURUSD is recommended;
  • Period: any, H1 is recommended.

Recommendation

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

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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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