The Multi Lot Forex scalper expert advisor opens multiple lots to try maximize profits on any pair.
The buy/sell trade logic is based on the MACD indicator. Above the zero level, MACD is positive while below negative.
The default take profit target is set to 40 pips accompanied with a 20 pips trailing stop loss.
Feel free to experiment with the different input parameter values for optimized performance and use on a demo account first.
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Strategy Tester Performance Report
Find below the Multi Lot Forex scalper robot tester performance report for the EUR/USD currency pair attached to the 4-Hour chart.
Strategy Tester Performance Highlights
The expert advisor made a total profit of $489918.00 from 6216 trades. The largest winning trade generated $13312.00 in profits, while the biggest losing trade reported during the testing period was -$1909.76.
Overall, the Multi Lot Forex scalper robot traded profitable during the testing period.
Test Period Details:
Bars in test: 8400 ticks modelled
Initial deposit: $10000.00
Total net profit: $489918.00
Total trades taken: 6216
Largest profitable trade: $13312.00
Largest losing trade: -$1909.76
Consecutive winning trades: 91
Consecutive losing trades: 8
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MT4 Forex Robot Highlights
Supported Currency pairs: Any (majors, minors, currency crosses)
Supported Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day
Trading Platform: Metatrader 4
Type: Expert advisor (EA)
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lot size, take profit, initial stop loss, trailing stop loss, max trades, pips, secure profit, account protection, reverse condition
How to install and run this FX Robot?
- Copy the Multi_Lot_Scalper.mq4 file into the Experts folder of the MT4 platform.
- Then close and restart the MT4 platform.
- Finally, attach the robot to the chart.