Forex Pump and Dump Robot review:
You probably noticed a significant pullback of the price in the opposite direction after sharp movements in the market, then so-called “hairpins” have drawn. The adviser catches moments of strong growth or fall and enters the market, based on these signals.I explain particularly in the video and in the screenshots.
A lot of attention was paid to money management and risk management in the adviser.
- the ability to control the overall risk percentage of transactions
- the possibility of disabling trading in case of a risk management contravention
Money management is to be provided in the adviser. For management you may choose to use:
- a fixed lot for opening positions
- an adaptive lot that opens a transaction with a percentage of the deposit
To trade, you need to choose flat pairs. The EA logic is designed for flat trading.
The built-in Risk-Management mechanism can stop trading in time and save capital with the help of initially setting the maximum permissible level of account subsidence.
Monitoring the stoppage of trade. An advisor can suspend trading for a predetermined time interval in case of exceeding the risk management. For ease of monitoring, a signal on the occurrence of an event will come directly to your mobile phone using Push Notification.
Built-in mechanism for multiplying the profit of orders. Inclusion mechanism for increasing profits occurs in the case of following the price of the trend.
Instant notifications of Risk manager for the status of the account on the mobile phone, using Push messages.
iPump_Indicator – indicator of the overbought / oversold oscillator at which the position is opened.
Multiplication_Profit = true / false – use of the profit multiplication parameter; when this parameter is enabled, orders are added only by trend.
Two side = true / false – If this option is enabled, the positions are opened by the fact of the presence of the signal, without waiting for the orders to close on the opposite signal.
First Lot – The initial lot of the order. When it sets to 0, the volume calculation will occur according to the percentage of balance function (Lot_Proc_from_Balance).
Lot_Proc_from_Balance – Calculation of the volume of orders depending on the balance with the subsequent automatic increase / decrease. If you set it to 0, the volume calculation will be performed using the First Lot option.
Distance – the opening distance of a series of orders
Step Distance – a step distance of the order series
Plus – the number of items, added to the level of lossless positions when closing a series of orders.
Magic – number for identifying orders.
Shedule – advisor’s schedule.
News Filter – true / false use of news accounting when opening new series of deals. If false, filter is disabled. To use, add this address to the allowed URLs.
Maximum DrawDown – the maximum allowable drawdown, upon which the unprofitable positions will be closed, in case of Delete Orders = True
Pause_hours_ after_error – the number of hours of advisor’s stop after exceeding the maximum drawdown limit.
Delete Orders = True / false – when this option is turned on,and if the maximum drawdown is exceeded, the EA will delete all orders and stop the trade by notifying you with a Push notification.
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)