Forex Robot “Smart EA” - Smart Scalper

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Dear friends! We represent your attention Forex robot “Smart EA”. It’s distinguishing feature is the work of the trend using Trailing Stop. We will test it and evaluate the results in this review.

And, of course, You can download this EA for free.

Characteristics of the EA

Software: Metatrader 4
Currency pairs: EURUSD
Time-frame: M15
Trading time: 24/5
Recommended Brokers: Roboforex (ECN accounts)

Installation

The Expert Advisor is installed as usual. If you first encountered the Forex robots and you have a lot of questions — read this article.

Attention! Settings significantly affect the trading results in this expert advisor. Use a recommended set-file (see the archive at the end of this article).

Strategy of the EA

EA refers to the trend robots that trade with increased volatility. The way to trade: entering the Market Execution in the trend after the breakout of the maximum or minimum values of the candlesticks at the specific period. Placed Orders are set with Stop Loss and Take Profit, which are trailing with a certain step. Orders are closed by Take-Profit or Stop-Loss. We do not apply Martingale, Averaging, Grid or Hedging and similar dangerous methods in this EA.

Backtest of the EA

EUR/USD 2012-2015

smart tests

Consider the results for each month:

2012

2013

2014

2015

Conclusion: “Smart EA” shows profit growth at an acceptable drawdowns. However, we must be prepared for the fact that the profitability of the EA may “stagnate” or even to be negative for a long time.

Real account monitoring

Description of the settings

Robot setup is as follows:

 

  • MagicNumber— unique number is used to identify a trade.
  • Divergence — indicator parameters to determine divergence, can take values true or false
  • Time_UTS— manual settings of the server time (what is GMTOffset)
  • ParSet— settings of the internal indicator, sets by Set file
  • Delta — settings of the internal indicator, sets by Set file
  • Stoploss— Stop loss
  • Takeprofit— Take profit
  • risk— the amount of the risk relative to the balance
  • TrailingStop—step of the trailing stop
  • Lot— fixed lot size, operates at risk=0
  • TradeMonday— enable/disable of trading on Monday
  • DeleteOrders — the option to remove additional orders, sets by set file

Attention! Don’t change anything in the EA parameters and use only the recommended values unless you really know what you’re doing!

Recommended money management

Recommended risk per trade is in the amount of 2 percent of the deposit. Lot can be calculated in the EA parameters, it is calculated automatically.

Summary

“Smart EA” is a simple yet profitable trading robot scalper, its usage is effective for a long term period. However, the rate of return can be in the neutral zone in the short term, you should be ready for it.

Important!

For correct operation of the Expert Advisor trading terminal should be working from the market open on Sunday night till closing on Friday evening. If you have no way to keep the computer in working condition 24/5, it is recommended to use VPS server.

Download «Smart EA»

 

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