Forex Rx Five Expert Advisor

Forex Rx Five Expert Advisor review:

The Forex Rx Five Expert Advisor uses a strategy based on the use of 7 Envelopes indicators, on each timeframe (M5, M15, M30, H1, H4) there are 7 Envelopes indicators. Trading is based on the “Price Action” strategy, the adviser searches for a simultaneous signal on 5 time frames: M5, M15, M30, H1, H4 and then opens an order.

The EA uses the built-in Martingale and Averaging algorithm.

The adviser uses economic news to achieve more accurate signals.

Hidden Take Profit, Break Even and Trailing Stop are used.

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Requirements and recommendations

The EA is attached to only one chart (any of the working pairs) – all trading on all pairs is carried out from only one chart! In the settings you can enable and disable currencies.
The recommended balance for safe long-term trading (when used on recommended pairs and timeframes) is $ 5000 or $ 50 on a cent account.
Leverage from 1:500 and more.
Safe trading requires a minimum lot of 0.01. Check your broker to support a minimum lot of 0.01.
Broker Broker with five-digit and three-digit quotes.
EA requires a standard VPS server. ( EA does not work on MQL5 VPS )
EA requires RAM: 800 MB.
The EA does not work on the account: “JPY”,”RUB”.
For the EA operation, open “Tools” > “Options” > “Expert Advisors”. Check the option “Allow WebRequests for listed URL:”. Add, and click OK.

For the strategy tester: the EA provides integrated data on economic news from 2010.01.01 to 2019.11.01.

The robot does not require all ticks in history. For quick test, use:

Tick simulation methods:
M1 OHLC (simulation of 1-minute bars, OHLC prices).

Pairs and timeframe

  1. EURUSD / M5.
  2. GBPUSD / M5.
  3. GBPJPY / M5.
  4. USDCHF / M5.
  5. USDJPY / M5.
  6. AUDUSD / M5.
  7. GBPAUD / M5.
  8. USDCAD / M5.
  9. GBPCAD / M5.
  10. EURAUD / M5.
  11. EURCAD / M5.
  12. EURGBP / M5.
  13. EURJPY / M5.
  14. GBPCHF / M5.
  15. NZDUSD / M5.
  16. GBPNZD / M5.
  17. EURCHF / M5.
  18. AUDCAD / M5.
  19. NZDCAD / M5.
  20. NZDJPY / M5.
  21. CHFJPY / M5.
  22. CADJPY / M5.
  23. AUDNZD / M5.
  24. EURNZD / M5.

Test results:

Forex Rx Five Expert Advisor


  • EURUSD – true, use EURUSD;
  • EURJPY – true, use EURJPY;
  • Magic_Start – ID of EA’s trades.
  • Magic_Finish – ID of EA’s trades.
  • Symbols_Prefix(Suffix)_Name – enter the prefix (suffix) ONLY if the name of the symbols uses a suffix (for example: “m.”(“.m”) if the symbol name is “m.EURUSD”(“EURUSD.m”));
  • Custom_Risk – if true, the lot size increases when account balance grows (risk management);
    • User_Balance – user-defined balance;
    • Add_to_User_Balance % – Add to User_Balance for a smooth transition to a new lot.
    • Lot on every – lot size per User_Balance;
  • Fixed_Lot – fixed lot (if Custom_Risk is false);
  • Order Type – trading direction;
  • Order Comment – comments to orders;
  • Slippage – allowed slippage before an order is triggered;
  • Show_Info_Panel – use the information panel (false – faster backtest);
  • Show_additional_panel – use the info panel for profit indicator per each month, for backtest only;
  • Max Spread – maximum allowed spread;
  • Economic news filter:
    • Select http or https – select Protocol to download economic news;
      • http 
      • https 
    • News_update_every_N_minutes – update news every N minutes.
  • Trading within the week:
    • Monday – trade on Monday;
    • Friday – trade on Friday.
  • Time trading within a day:
    • Use time – if true, the EA trades by time;
    • GMT setting – GMT settings;
      • GMT Auto ( only for real ) – automatic detection of the GMT shift (not for a tester);
      • GMT Mode – manual setting;
      • GMT_mode – GMT offset of the broker server time (0 – disabled);
    • Every_Day_Start – operation start time (hh:mm);
    • Every_Day_End – operation end time (hh:mm).
  • Time to disable on Friday:
    • Use time – if true, the EA trades by time;
    • Disable_in_Friday – operation end time on Friday (hh:mm).


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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