Forex Pipsburger 4 Expert Advisor

Forex Pipsburger 4 Expert Advisor review:

Expert Advisor Pipsburger 4 is based on analyzing the price action. Positions are closed when opposite signals appear.

Input Parameters

  • Period – number of bars to be analyzed;
  • Lifetime – minimum time of the position life in bars;
  • Mode – operation mode of the Expert Advisor (0-80);
  • Fixed Lot – fixed lot value;
  • Variable Lot – variable lot as a percentage of the free margin.

The screenshots demonstrate the backtesting results. The Expert Advisor was tested on EURUSD M30 in the “Every tick” mode from 07.01.2013 to 08.02.2014. The Expert Advisor was set to mode 46, a fixed lot of 0.1, the Period was equal to 44, the Lifetime was equal to 11 and spread 20.

Test results:

Forex Pipsburger 4 Expert Advisor

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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