The New Horizons EA Forex robot for MT4 uses a proprietary trend trading strategy used to identify the best emerging trends in the currency market.
The EA has an amazing 94.93 % win percentage and does not use any dangerous trading methods (grid, martingale) to turn an array of bad trades into positive results.
This Forex trading bot has a built in news filter than can be enabled or disabled.
The New Horizons EA can be used with any Forex broker and works best when attached to the 15-minutes chart.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Strategy Tester Report
Find below the New Horizons EA track record (click on the picture for full size view).
- Profit factor: +3.51
- Winning percentage: 94.93%
- Drawdown: 7%
- Wins/losses ratio: 18.71
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Recommendations & Specifications
- Trading instruments: works on any pair
- Time frames: M15 (should work on any time frame)
- Minimum account balance: $150
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
The picture below shows the New Horizons expert advisor attached to the USD/JPY 15-minutes chart.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Fixed lot, lots, auto risk, maximal order, stop loss, take profit, time limit, news filter, low news, moderate news, high news, magic number
How to install and run the New Horizons EA?
- 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 New Horizons.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 New Horizons EA!