The EA uses Trailing Stop for the first order with no Take Profit, and quickly alters the Stop Loss. That first order can take the whole profit from a spike or fast movement in any direction.
It's probably not a good idea to manually configure each pair SL and TP although you can. It has also an ability to take profit early before the take profit target is hit by its positions, when it figures that's as many pips as the market is going to give it. The strategy itself is fairly simple; a few indicators which are shipped with MetaTrader are involved in a creative way, so the entry signals are robots. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA it seems to be entirely thread safe.
When running on the recommended two pairs, the average of WallStreet Robot is about 3. There's no GMT setting as it trades around the clock, so it's not to worry about in this EA. Wall Street Forex Robot is completely compatible with the NFA rules as it opens only one trade at once on each instrument traded, there is no problem with FIFO and hedging.
But you need to be careful as if it operates together with another EA trading the same pairs on an account with the NFA restrictions in place, this might lead to inability of one of the EAs to open trades. The user is able to close orders opened by the EA at anytime, this option is not enabled by default and needs to be enabled in the EA settings. If the account balance is good enough and can withstand the impacts of the news on Wednesday, it's recommended to risk a little and keep the orders opened as they can then generate important profits.
Hard Drawdown Control Losing money is what every trader tends to avoid in Forex trading, for that the right Money Management System is needed. Forex inControl reborn EA allows the trader to set the absolute maximum drawdown value manually not to be exceeded what ever happening in the market. This technology automatically sets StopLoss values for every order based on the previously set maximum drawdown value not to be exceeded by the sum of all the trades together.
This is a high possibility to maximize the profits with minimizing the risks. This is a new version released in Feba safer and more secure version at the official settings with good optimized parameters. It also has a new mode; Accelerator. This is more realistic for profiting on live trading with real money accounts as too many trades at once can easily lose due to the of lack of liquidity and broker delays. The take profit value is always about one third above that of the stop loss, this is how a positive reward for risk on every trade can be ensured, while the stop loss is is never set to a large value.
It's mainly an Asian session scalper on 8 different currency pairs in addition to another unique strategy for EURUSD on the M1 timeframe is the "long term strategy". Other settings can be left as defaults. All other settings can be left as they are, and you can be confident in the knowledge robots we have worked hard to optimize the default settings to ensure you achieve good results. A question arises; why the Forex robot parameters are so important if it could work without modifying them?
The authors may think that an EA being full of parameters will be more satisfying for a customer, while the only parameter that could be modified by a standard user seems to be the "GMT offset".
Accordingly, the following backtests were run on a modified GMT offset. You may also need to modify the "money management risk", it's 5 in the EA by default that is good enough for backtesting, but the "long term strategy" was manually set to be automatic with a lot factor of 1, that looks like a correct risk setting for the pips number involved in every trade. Based on scalping strategy, the EA uses identical 40 pips stop loss and take profit limits, producing a theoretic a 1: This risk-reward-ratio may fall to 2: However these limit values in the EA are excellent for a scalper.
The default maximum spread used by work EA is 5 pips, such a spread - especially with minor currency pairs - is unreachable by any broker even during the active European or American Sessions. During the wider spread Asian Session, this limit could be breached easier. How to Backtest WallStreet 2. Volatility Factor EA v7. Top 8 Free Trailing Stop Forex Robots for MT4. How to Set the Right GMT Offset in Volatility Factor EA!
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It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the work on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.
Toggle navigation Forex Robot Reviews Trading Strategy Analysis, Prices and Rating. Top 8 Free Trailing Stop Forex Robots for MT4 How to Set the Right GMT Offset in Volatility Factor EA!
Last Updated On Thu Jun 15th, FXMower EA allows setting a desired drawdown limit for the account! Available in the FXMower Review. Last Updated On Fri Jun 02nd, Available in the Volatility Factor Review. Last Updated On Sun Mar 19th, A scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined.
GBPUSD, EURUSD and USDJPY are Recommended! USDCAD, USDCHF, AUDUSD, NZDUSD and EURJPY are Also Supported but Broker Spread Dependent! Available in the WallStreet Forex Robot Review. Last Updated On Sat Mar 04th, Available in the Forex Testosterone TSFX Review. Last Updated On Fri Feb 24th, Available in the MineSweeper EA Review.
Last Updated On Sat Feb 18th, The robot has a Conservative, Normal and Aggressive styles of trading. Forex inControl reborn This is a new version released in Feba safer and more secure version at the official settings with good optimized parameters. It waits for the market's best situation to open trades, by setting the maximum drawdown value for all the trades or for each tradable currency pair separately, it guarantees an unprecedented control over the free balance it's trading.
It can also run alone or simultaneously with other Forex Robots. Available in the Forex inControl forex Review. Last Updated On Thu Jan 19th, Available robots the Einstein Trader Review. Last Updated On Tue Jan 03rd, Available in the Inertia Trader Review.
Last Updated On Thu Nov 17th, Starting from FAPTurbo 2. Available in the FAPTurbo Review. Happy Market Hours v1. Last Updated On Mon Oct 10th, EURUSD, EURCHF, EURGBP, EURCAD, Free, USDCHF, GBPUSD, GBPCAD, GBPCHF, CADCHF.
Available in the Happy Market Hours Review. A New Star Has Been Born Packing 7 Years of Forex Trading Volatility Factor EA v7. RayBOT Tick Data Backtest Vs Real That Feb to March What it Takes for a Forex VPS Provider to Become the Best. Forex Trend Detector Amazing Profitable Day New WallStreet ASIA v1.
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