Introducing Roboost, an innovative EA designed for MetaTrader 4 traders. This system combines various strategies often found in popular forex robots, including the effective RSI half-scalping technique.
Roboost is built with risk management in mind, employing several key features to keep your trading secure:
- Maximum lot size limiter to prevent overexposure
- Stop losses to safeguard your capital
- Time restrictions on trading hours
- Maximum spread limit to avoid trades during news releases or volatile market conditions
- Pending orders instead of market orders for better execution
Additionally, Roboost automatically calculates lot sizes based on your remaining equity, provided this feature is enabled in the settings.
Target time frame: H1
Recommended testing period: Long term (e.g., 2 years)
Supported pairs: EURUSD, GBPUSD, and other major pairs
This EA can operate on multiple currency pairs simultaneously, each with different settings. Keep in mind that the automatic lot size calculation will consider all open trades across these pairs, ensuring a balanced approach to your trading strategy.
This template serves as a foundation for further development and optimization.
Important Note: Before going live, it's crucial to conduct thorough testing and consider further enhancements.
Recommendations for Use:
- Start by testing the attached sets for EURUSD on the H1 time frame
- Utilize a minimum testing period of 2 years
- Incorporate a secondary indicator to validate trades in the highlighted section (if you're familiar with the process)
Dependencies:
- No additional libraries or DLLs are required at this stage
- If you decide to integrate more advanced indicators, ensure DLL usage is enabled in the EA settings
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