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FOREX ROBOTRON EA MT4 – Full Input Settings Analysis
Forex Robotron EA is a fully automated professional forex trading system. The system specifically is meant to trade with the MetaTrader 4 platform. It handles and executes trades with much-needed consistency and accuracy as a result of an in-built complex algorithm that analyzes market charts to identify high-probability trading signals.
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Broker Settings & Trading Time
- MaxSpread: 10.0
→ Trades will be opened only when spread is not greater than 10 pips. - MaxSlippage: 10.0
→ Maximum slippage permitted is 10 points. - HourStart: 22
→ Began trading at 22:00 GMT. - HourEnd: 23
→ Ended trading at 23:00 GMT. - TradingDays: (default)
→ No day limitations by default, but. - TradeFriday: false
→ No Friday trading. - TradeSunday: true
→ Sunday trading allowed.
Capital Management & Order Size
- Lots: 0.1
→ The fixed lot size is 0.1 lots. - UseRisk: false
→ Risk percent is not used; instead, the EA uses a fixed lot size. - MaxRisk: 2.0
→ In the event UseRisk is enabled, then a max risk of 2% per trade would apply but this option is currently disabled.
Order management and take profit/stop loss
- StopLoss: 50
→ All trades have a Stop Loss of 50 pips. - TakeProfit: 100
→ All trades have a Take Profit of 100 pips. - MinimumProfit: 0.0
→ There is no minimum profit to be reached. - MinProfit: 0.0
→ The same; there is no profit level that is applied. - MinutesSleep: 120
→ In the event of a losing trade, the EA will wait for 120 minutes before opening a new trade.
Dynamic & Adjustable Order Closing Mode
- DynamicClose: false
→ Dynamic close is disabled. - DynamicCloseLoss: false
→ Loss-based dynamic closing is inhibited. - DynamicCloseProfit: true
→ Dynamic closing based on profit is permitted; allows the EA to close trades early when dynamic profit conditions are met.
Trading direction & style
- TradingDirection: (enabled)
→ Enabled for choosing trading direction. - TradeShort: true
→ Enabled for selling (shorting). - TradeLong: true
→ Enabled for buying (longing). - TradingStyle: Aggressive
→ Trading style is enabled for Aggressive. - UseATR: true
→ ATR (Average True Range) is enabled to find out market conditions. - MaxATR: 10
→ Max value of ATR to enter a trade is 10.
Key Takeaways
- Platform and Automation: Forex Robotron EA is a full automated forex trading system on the MetaTrader 4 platform.
- Analysis and Execution: It examines charts for trading signals and enters and executes trades independently using its built-in algorithm.
- Professional Design: EA is intended for professional trading, with sophisticated algorithms mixed with automating for effective handling of trades.