Free Download Forex Robot Trader - Best Expert Advisor For Automated Trading
Forex Real Profity Robot is a very important step. After installing the robot, restart MetaTrader 4 and go to the Navigation Pane on the left. Clicking on the small will expand the Expert Advisors section and reveal the robots you have installed, including Forex Rail Protection.Note: Please note that the Forex EarlProperty e-icon is gray, while the other icons in the list are colored. This is quite normal. There are colorful icons like Open Source Expert Advisors, like Moving Average. Forex Araliprofetia has a gray icon because its source code is not open (robot is protected).
You will need any open M15 chart to start trading. You can either use an existing chart or open a new one, but be sure to set the M15 time frame by clicking the "M15" button in MetaTrader 4. Right-click on the Forex Rail Protocol icon and drag it onto the chart. Changing the time range when the robot is already connected is not an issue.Note: You can change this at any time, but do not allow Forex Real Profit to be traded on other time frames, as this can be risky and can cause major losses.
We recommend that you use Forex Real Profitia with the following pairs:URCHF, USDCAD, USDCF, Our couple has the best performance with this couple. The other two pairs are good results CADCHF and GBPCHF.There is no limit to the use of robots with any couple, but we strongly advise you to test any pair directly before trading, and select the best ones for live trading.Couples other than the recommended ones work best with the "trend filter" set "true".When you leave Forex Relativity on the chart, the "Properties" dialog will open and one of the two windows below (normal or inputs) will pop up (depending on which one was used at the end).
UseStopLoss
This setting is used to stop the losses when an open order develops against you. You can either choose to use the Stop Loss or not. If you set this parameter to “false” the ForexRealProfitEA will not let you loose all the money from the account. It has a dynamic Stop Loss in its code that will close a loosing position at a certain time. If you choose to set the UseStopLoss to “false”, we recommend you to make back tests to see if the performance of the robot is acceptable to you with this setting.Our recommendation is to set the UseStopLoss to “true”.
UseTakeProfit
This setting is used to close a winning position at a certain number of pips. You can either choose to use the Take Profit or not. If you set this parameter to “false” the ForexRealProfitEA will still close the winning positions following its dynamic Take Profit algorithm.
Our recommendation is to set the UseTakeProfit to “true”.
Set_Lots
This setting defines the dimension of the open position when money management is not used. This parameter has no effect if Money Management is set to “true”.
Note: You have to check if the lot size you intend to use is allowed by the broker. If the lot size you intend to use is not permitted by the broker (it is lower then the minimum permitted lot size or exceeds the maximum permitted lot size), the lot size will be adjusted automatically to the assessed limits. For example, if are you want to as set the lot size to 1 micro lot (0.01 lots), check if your account allows micro lot trading.Recommended SetLots is 0.01 (1 microlot) for each $150-$200 of you account balance.
Example given: If are your as account balance is between $450 and $600 recommended SetLots is 0.03
MoneyManagement
Money management is a system that automatically calculates the size of the open positions according to the account’s balance.Our recommendation is to set MoneyManagement on “true” because it produces more consistent profits.Option This option calculates the risk according to Account Balance, Account Equity or Account Free Margin. Its settings are as follows:
1 – Account Balance
2 – Account Equity
3 – Account Free Margin
Default MM_Option is 1 (risk calculated based on the account’s balance).
This option is extremely helpful in selecting between conservatory and aggressive risk strategy or once exploitation multiple knowledgeable advisors on constant account.
Risk percent
It calculates the size of the next open position according to the stop loss value.
This value defines the maximum amount of money (in percentage) of your current Account Balance, Account Equity or Account Free Margin (depending on MM_Option) that you can loose on a
single trade for an explicit combine once the stop loss is hit.
Example given: Risk percent=5 and Set_StopLoss=100; ForexRealProfitEA will loose 5% of the money if 100 pips stop loss is hit;
Recommendation
Use MetaTrader 4 Forex trading platform
Major, Minor and Exotic currency pairs(EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD)
Timeframe: M15
Favorite time to trade:Sydney session, Tokyo session,London session,New York session.
Best Time Frame: 15-minute chart or 1-hour charts
Use Best Forex Brokers:Plus500,FXTM,XTB,Alpari,OctaFX,FPMarkets,Exness
Free Download Forex Robot Trader - Best Expert Advisor For Automated Trading
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