If you're looking to enhance your trading strategy, the Forex Fraus Slogger might just be the Expert Advisor (EA) you need. This EA builds upon the success of its predecessor, Forex Fraus (for M1), but with a twist—it's powered by the Envelopes indicator.
Designed specifically for trading EURUSD on the M1 timeframe (for 5-digit quotes), this EA is versatile enough for other pairs as well. It comes equipped with a trailing stop that you can adjust to suit your trading style. The settings also include an operation timer, referred to as "time" in the EA properties. Here’s how it works:
- Value "0": Disabled
- Value "1": Enabled
- starttime: Sets the start time for the EA based on your terminal's clock
- stoptime: Determines when the EA will stop trading
The money management system is also integrated into this EA, ensuring that you can manage your funds effectively. It utilizes a trailing stop to close positions, while any non-closed trades are settled by taking opposite trades.
Important Note: If you plan to use this EA on either a demo or live account, make sure to download the Zvon.wav sound file (you’ll find it in the archive linked below) and place it in your terminal folder: C:\Program Files\MetaTrader 4\Sounds.
Test Results for EUR/USD H1 (January-December) 2015: Initial deposit of 10,000
Test Results for EUR/USD M1 (August-December) 2015: Initial deposit of 10,000
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