The Coin Flip Metatrader 4 Forex Robot is an algorithmic trader that does not employ any custom indicator to trigger entry/exit of market positions.
Instead, the Coin Flip forex robot deploys a set of logic that allows it open orders pseudo-randomly.
Howbeit, the expert advisor is also known to have a virtual trailing stop.
What’s more, the EA increases its lot size (via the use of the martingale system) of the positions it initiates after a loss using the specified parameters.
This iteration is adapted for quotes that carry 4-5 digits.
Deals are triggered on the Coin Flip forex robot using the Market Execution mode.
Download the “coin_flip.mq4” MT4 robot
Strategy Tester Report
Find below the Coin Flip forex robot strategy tester report for the EUR/USD forex pair on the 4-Hour chart.
The EA made a total profit of $122.25 from a total of 113 trades. The largest winning trade generated $24.83 in profits, while the largest losing trade generated a loss of-$18.97.
Bars in test: 1124 ticks modelled
Initial deposit: $1000.00
Total net profit: $122.25
Total trades: 113
Largest profit trade: $24.83
Largest loss trade: -$18.97
Consecutive wins: 3
Consecutive losses: 2
Download the “coin_flip.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Risk, Lot, Martingale, MaxLot, TakeProfit, StopLoss, MaxAttempts, Pause, Slippage, TrailingStart, TrailingStop, Magic, Com, DrawInfo, Languages, TextColor
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the coin_flip.mq4 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)