The Money Management Metatrader 4 Forex Robot is an expert advisor that triggers buy/sell signal alerts using a money management strategy as its building block.
In essence, the forex robot uses a set of logic that is dependent on money management techniques.
It therefore relies on the effective manipulation of position sizes on varying trades to ensure an overall profit.
The expert advisor guarantees the modest and steady growth of position sizes alongside equity growth.
However, the Money Management EA has a default maximum lot (MaxLot) size value of 10, whereby positions can increase to.
Strategy Tester Report
Find below the Money Management robot strategy tester report for the EUR/USD forex pair on the 4-Hour chart.
The EA made a total profit of $8866630.79 from a total of 546 trades. The largest winning trade generated $16800.00 in profits while the largest losing trade generated a loss of-$1258.69.
Bars in test: 16752 ticks modelled
Initial deposit: $10000.00
Total net profit: $8866630.79
Total trades: 546
Largest profit trade: $16800.00
Largest loss trade: -$1258.69
Consecutive wins: 18
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: UseMM, Risk, Lot, MaxLot, MinSignSum, PrintSums, TimeClose, BarsNumber, TakeProfit, StopLoss, Magic
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Money Management
Copy and paste the Tester_v0_15_.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)