The Fondex High Frequency EA for Metatrader 4 is a scalper robot that uses Bollinger Bands and the RSI indicator to buy and sell currency pairs successfully.
The expert advisor is optimized to trade the 1-minute and 5-minute trading charts on the lower spread currency pairs.
- It deploys the Bollinger Bands to identify buy/sell trend direction and to measure market volatility
- Then it uses the RSI indicator to step in the market at optimal overbought and oversold levels
The Fondex High Frequency expert advisor made +277.71% gain in 8 month. So, it’s worth trying it out.
The EA provides some interesting parameters (inputs) to further fine-tune it according to your own preferences.
As always, please test the Fondex High Frequency automated robot on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Find below the detailed Fondex High Frequency EA track record for 8 trading month (click on the picture for full size view).
- Gain: +277.71% (4 month)
- Daily profit: +0.57%
- Monthly profit: +18.52%
- Drawdown: 23.32%
The picture below shows the Fondex High Frequency EA attached to GBP/USD M1 trading chart.
Recommendations & Specifications
- Works best on the M1 and M5 charts
- Deploy on the lower spread Forex pairs
- Minimum account balance: $250 (real account)
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lot size, minimum lots, maximum lots, filter, Bollinger bands, RSI buy level, RSI sell level, stop loss, slippage, magic number, start trailing
Download This Expert Advisor
How to install and run the Fondex High Frequency Robot?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the Fondex HFT.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the Fondex High Frequency EA!