Forex Patriot Expert Advisor

Forex Patriot Expert Advisor review:

Forex Patriot Expert Advisor is a scalping robot for trading highly liquid pairs, such as EURUSD, GBPUSD, EURJPY, USDCAD, AUDUSD. This is neither a grid, nor a martingale. It uses one standard Momentum oscillator and price movements analysis. The EA is easily adapted for current market conditions and does not require trader’s interference. It has two levels of moving deals in breakeven to minimize possible losses and trailing stop to maintain open positions in order to receive the best profit.

This EA requires a broker with low spreads and VPS server. It has been tested on a quite large time range from 2010 to the present day. And this testing estimates the EA’s performance at various market moments.

Test results:

Forex Patriot Expert Advisor

Parameters:

  • TypeOrderExecution – type of order execution, Market Execution and Instant Execution;
  • AutoDigits – enable / disable auto-translation settings for 3-5 iconic quotations;
  • BalanceRisk – account trading lot on the balance / free margin;
  • Lots – fixed lot if BalanceRisk = 0;
  • TakeProfit – Take Profit in points;
  • StopLoss – Stop Loss in points;
  • Magic – magic number to transactions;
  • MaxSpread – the maximum size of the spread of trade opening;
  • Reverse – enable / disable reverse transactions;
  • BuyColor – color icons for purchase transactions;
  • SellColor – color icons for sale transactions;
  • Com – comment on the transactions;
  • MaxAttempts – maximum number of attempts to open an order;
  • DelaySeconds – pause in seconds between attempts to open an order;
  • Slippage – maximum price slippage;
  • PriceStep – the distance from the current price for the measurement of the pulse;
  • Timer – the timer in seconds to measure the pulse;
  • iPeriod – period for the indicator “Momentum”;
  • iTimeFrame – timeframe for the indicator “Momentum”;
  • iPrice – price type for the indicator “Momentum”;
  • Breakeven – enable / disable the output transactions to breakeven;
  • StartBreakeven_1 – the number of items passed by in profit for the withdrawal position to breakeven for the first time;
  • StepBreakeven_1 – distance in points, which was exhibited at the level bezubytka first time;
  • StartBreakeven_2 – the number of items passed by in profit for the withdrawal position to breakeven for the second time;
  • StepBreakeven_2 – distance in points, which was exhibited at the level bezubytka second time;
  • Trailing – activate / deactivate the Trailing Stop the points;
  • TrailingStart – the minimum number of items passed from the opening price of the order for the trailing;
  • TrailingStop – the number of items to start Trailing Stop;
  • TrailingStep – move the trailing stop;
  • ShowInfo – show / hide information;
  • TextColor – color of the text output information.

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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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