Forex Push The Trend Lite Robot

Forex Push The Trend Lite Robot review:

Forex Push The Trend Lite Robot is an Expert Advisor the strategy of which consists of opening orders following a trend toward the current movement. The EA is waiting for a burst of activity and if it sees that the burst can push the market further, it opens a trade in the burst direction. The EA has two built-in similar algorithms determining entry points which complement each other.

The EA works on  EURUSD, GBPUSD, AUDUSD, NZDUSD and USDCHF, recommended timeframes: M1, M5, M15. Results will differ depending on a timeframe. Perform several tests and select a timeframe which suits you before attaching the EA on the chart.

Features

  • It DOES NOT use grid strategy.
  • It DOES NOT use Martingale.
  • It DOES NOT use hedging and arbitrage.
  • Handy risk calculation system.
  • Works with 4 and 5 digits brokers.
  • Automated twenty-four-hour operation.
  • Built-in system of fast capital recovery.
  • Positive results of long backtesting of the strategy (from 1999 to our days) including quotes with 99% quality.
  • Supports NFA rules (FIFO, no hedging).

Recommendations

  • 5 digit ECN and STP account with average spread on EURUSD and GBPUSD not exceeding 25 points.
  • Deposit: 100$.
  • Leverage from 1:50-100 (depending on expected risks).

Parameters

  • Risk — calculation of a trade size (lot) which depends on a deposit size in % (maximum amount you are ready to risk in one trade, as percentage of the deposit).
  • FixLot — fixed size of a trade (does not depend on the deposit size). The parameter is activated when Risk=0.
  • RecoveryMode — fast capital recovery mode.
ATTENTION! Test this function in the strategy tester before using it!
Also: all available trade history of the terminal must be opened for proper operation in the Recovery mode (Account history tab-> right mouse button on an empty space (or any other order) -> History tab).
  • Indication — show indication on the chart.
  • MagicNumber — ID number of the EA’s orders (the EA has 2 built-in algorithms, each algorithm uses its own ID number as follows: MagicNumber+(algorithm number). For instance, if MagicNumber = 1000, ID number of the first algorithm will be 1000+1=1001, for the second – 1000+2=1002).
  • EAComment — comment for the EA’s orders.
  • MaxSpread — maximum allowed spread for opening orders.
  • FIFO — NFA compatibility mode.

Test results:

Forex Push The Trend Lite Robot

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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