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FOREXFLARE ROBOT MT4 – Full Input Settings Analysis
Forex Flare Robot is a robot trading software developed for Forex market trading. As a MetaTrader 4 (MT4) Expert Advisor (EA), Forex Flare Robot employs intricate algorithms and technical signals to scan market conditions day and night and place trades without human intervention. This Forex robot makes trading decisions automatically and trades automatically, giving the trader signals on which to trade. The software offers several sessions and strategies of different levels of profitability and stability.
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Risk Management
- UseRiskManagementLot: false – Will not use risk percentage to automatically determine lot size.
- UseHighRisk: false – High‑risk mode is not enabled.
- UseMediumRisk: false – Medium‑risk mode is not enabled.
- UseLowRisk: false – Low‑risk mode is not enabled.
Signal strategy & filtering
- UseRenkoChart: true – Analyzes data from Renko Chart.
- UsePriceAction: true – Uses Price Action to filter out signals.
- UseMeanAversion: true – Traders employ a Mean Reversion strategy (shorting against the trend when price deviates too far from the mean).
- Use Reverse Trade: false – Does not make a reverse trade after a loss.
Command settings
- Commission: 0 – No commission is not taken into account.
- StopLoss: 30 – Stop Loss is employed with a value of 30 points (3 pips for a 5‑digit broker).
- TakeProfit: 10 – Take Profit is employed with a value of 10 points (1 pip for a 5‑digit broker).
- MagicNumber: 2022 – The trade identifier of the EA.
- Comments: ForexFlareRobot – The comments on trades are identified as “ForexFlareRobot.”
Trailing Stop & Advanced Order Management
- Use Trailing: false – Not utilizing Trailing Stop.
- Trailing Start: 30 – If Trailing Stop is used, it will be activated when profit is 30 points.
- Trailing Stop: 20 – Trailing stop distance will be 20 points.
- Trailing Step: 1 – Trailing adjustment step will be 1 point.
- Re Entry After SLX (Minutes): 10 – If there is a touch of SL or TP, the EA will wait 10 minutes before opening a new trade.
- Use Stealth Mode: false – Stealth Mode (hiding SL/TP from the broker) is turned off.