Forex Pump Expert Advisor review:
The Forex Pump Expert Advisor trades by signals of the CCI indicator. Comparison of open and close prices are used as an additional filter (for trend determining). A trade is opened when two indicators give the same signals.
This Expert Advisor is designed for GBP/USD (H1). The FX Pump EA is developed for trading with certain aims (tight TP and SL), which allow the EA to protect your deposit in case of loss of connection or computer hang up. Recommended trade voume is 0.1 lots per $1000. Number of trades depends on the market volatility.
Fixed lot will help you to manage your capital as you wish. The Screenshots tab contains testing results for the period from 2013.01.01 to 2015.04.15, after this the project has been moved to another testing stage. The robot has started its operation from 2015.06.18. Current results (as of September 1, 2015) can be found in the trading statement on the Screenshot tab (Fig. 2 and 3).
Check inputs before starting the operation:
- Lots – determines each lot depending on your capital in the amount of 0.1 lots per $1000
- SL- 260 points (for 4 digit quotes, for 5 digit quotes add 0 at the end)
- TP – 35 points (for 4 digit quotes, for 5 digit quotes add 0 at the end)
- kCCI – 23
- ProfitTrailing – False
- Uplot – False
- lotmin = lotmax = lots – set similar values. Minimum an maximum lot shaould be equal to the trade volume to avoid opening two trades at a time.
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)