FreeExpertAdvisor is a free and open source Forex expert advisor for the Metatrader 4 platform
It uses 3 different overbought/oversold based strategies.
It does not uses any martingale based strategy.
It is a scalper that only runs on the 5 minutes timeframe.
It has a 80% to 95% Win ratio on supported symbols
It uses a real stop loss and a virtual / invisible stop loss and take profit based on a multiplicator of the current ATR
It is FIFO compliant.
It opens only 1 position at a time.
The following symbols are supported:
- EURCHF
- USDCHF
- GBPCHF
- AUDCHF
- JPYCHF
- CADCHF
- GBPUSD
- AUDUSD
- AUDCAD
It requires a low spread broker for the supported symbols with low commissions such as Tickmill, FXCM, Global Prime, Dukascopy, etc.
Note that the commission and/or the spread may reduce the expert advisor's profitability and overall viability.
Fixed lots size : sizes of lots to use when dynamic lots is disabled
Enable dynamic lots : use a dynamic lot based on a percentage of current account balance
Dynamic Lots risk percentage : Percentage of the account's balance to risk, used in the calculation of the dynamic lot
Hard stop loss in points : Fixed stop loss in points for every position
GMT Offset : Set the broker's timezone GMT offset
Current chart symbol : Select the symbol for the attached chart
Symbol: EURCHF
Spread: 10
Starting balance: $10 000
Starting lots: 1.00
Dynamic lots: Enabled
Dynamic lots risk: 75.0%
