The NTK 07 Metatrader 4 Forex Robot is a neatly designed automated trading software that places two pending orders at “netstep” distance simultaneously and away from the current price.
One gets deleted if the other gets filled.
Additionally, the NTK 07 EA will then place an additional pending order in the direction of “netstep” but the lot is multiplied until it reaches the maximum number of trades after which it trails the stop losses and takes profit in the direction of the position entered.
The mul value within the NTK 07 EA parameter settings should be placed below 2 in order to minimize losses that might arise from accumulated margin.
Strategy Tester Report
Find below the NTK 07 robot strategy tester report for the EUR/USD forex pair on the 5-Minute chart.
The EA made a total profit of $693097.81 from a total of 777 trades. The largest winning trade generated $33920.76 in profits, while the largest losing trade generated a loss of-$8097.62.
Bars in test: 75940 ticks modelled
Initial deposit: $10000.00
Total net profit: $693097.81
Total trades: 777
Largest profit trade: $33920.76
Largest loss trade: -$8097.62
Consecutive wins: 6
Consecutive losses: 6
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: g1, netstep, sl, tp, TrailingStop, mul, trailprofit, gg, mm, Lots, LotLim, maxtrades, percent, minsum, bezub, deltalast, bq, usema, MovingPeriod, MovingShift…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Pending Orders
Copy and paste the NTK_07.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)