Forex REV Trader Pro Robot

The Forex REV Trader Pro Robot Metatrader 4 Forex robot is an expert advisor optimized for best performance. Ea comes with several optimization rules to select and optimize it to work best.

Here is picture below of strategy tester with results I have received:

Forex REV Trader Pro Robot

I would recommend you to trade on USD crosses pairs such as EUR/USD or GBP/USD.

Time for this Expert advisor could be any. Just test what works best for you!

PREPARATION NOTES

You must activate REV Trader PRO for your account regardless of whether it is a DEMO or LIVE account. You can only use one account per license at a time, but you can switch accounts whenever you would like to.
REV Trader PRO does not trade every day. It trades on average 200 to 300 times per year.
Please follow risk and / or lot size recommendations for safest results, but you can of course adjust it according to your risk appetite.
You will need to install Meta Trader 4 platform, which is absolutely free and provided by most Forex brokers. Consider checking out one of the recommended Forex brokers in members’ area for best results.
Meta Trader 4 must be open and running 24 hours a day while the Forex market is trading. This means your computer must be on and not sleeping. Alternatively you can use a VPS, which is a virtual computer, and then this is not an issue. You can find recommendations in members’ area.

TROUBLESHOOTING ISSUES

REV Trader PRO is fairly easy to setup. But one issue that rarely arises, which is quite minor, is the software not showing up in the Meta Trader 4 platform.
For now you can skip over this, unless you run into this issue. Here’s how to fix it.
1. Run the REV Trader PRO installer and select Add MT4 folder when it prompts you to select where to install.
2. Select your Desktop folder, and then click OK. Now complete the installation. 3. Open Meta Trader 4 and click File, Open Data Folder, then double click MQL4. 4. Place the files from the Desktop into the respective folders, Experts -> .EX4
Libraries -> .DLL.
5. Now run Meta Trader 4 and problem solved.

GENERAL SETTNGS
Enable Alert – Box opens notifying you of robot actions.
Enable Notification – Turns on sounds for alerts.
Enable E-mail – You can have the robot send you an e-mail when trades occur. You must set the e-mail you would like to use in Tools -> Options -> Email.
Corner – Select where you want the stats box to show on each trading chart.
TradeMagic – This is the unique magic number so the robot can identify its trades. You can leave this number the same for each pair. Just make sure it’s not the same for other robots you may be using.
ECN Mode – If your broker is an ECN broker this must be true. It will open a trade, then set SL and TP.
Order2Distance – Number of pips to wait if drawdown occurs before entering another trade on same signal.
Order3Distance – Number of pips to wait if drawdown occurs before entering another trade on same signal. Stops at 3 trades max. You can of course turn this off and Order2 by increasing the number significantly.
SL – This is a hard safety stop loss.
MONEY MANAGEMENT SETTINGS
Money Management – When set to TRUE the robot will auto calculate lot size based on the percent risk you choose in the setting below this one. If FALSE, then you can use a set lot size using the Lots setting below this.
Percent_Risk – The percentage of risk you would like per trade.
Lots – The exact lot size to use for each trade.
Slippage – The maximum slippage you would like to allow for each trade. Lower number can cause missed trades on certain brokers if they have history of excessive slippage. But can protect you in many cases.

HIGH LOW INDICATOR SETTINGS
SignalGap – The number of pips to wait between trade signals.
MinChannelDistance – The distance between buy and sell signals in order to consider trading.
STOCHASTIC INDICATOR SETTINGS
UseStochFilter – Turn on and off Stochastic filter.
Other Settings – Only adjust if you are experienced.
MA INDICATOR SETTINGS
UseMAFilter – Turn on and off MA filter.
Other Settings – Only adjust if you are experienced.
TRAILING SETTINGS
TrailingStopStartPips – The number of pips in profit to start trailing stop system.
TrailingStopPips – The max number of pips to trail for.
TrailingStopStep – At each level of profit gained after trailing start stops, stop loss is moved up further to this number.

Free Download

Download the Forex REV Trader Pro Robot Metatrader 4

MT4 Forex Robot Characteristics

Currency pairs: USD crosses recommended

Platform: Metatrader 4

Type: Expert advisor

Time frames: 1-Minute, 5-Minutes, 15-Minutes.

Type: Breakout

Installation

Copy and paste the REVTraderPRO.ex4 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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