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Expert Advisor (Robot) Descriptions and Parameters

The document describes an Expert Advisor (robot) called ForexAutopilot that can trade automatically based on over 20 indicators. It monitors the forex market 24/7 to open and close trades, aiming to maximize profits without fixed stop losses. ForexAutopilot is optimized for the EURUSD pair on the 1-minute timeframe. It comes with default parameters in a preset file and allows adjusting the lot size and risk parameters. Backtesting showed profits of over 700% in 2007-2008 without ever losing the initial deposit over the 2004-2008 period.

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Budi Mulyono
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16 views4 pages

Expert Advisor (Robot) Descriptions and Parameters

The document describes an Expert Advisor (robot) called ForexAutopilot that can trade automatically based on over 20 indicators. It monitors the forex market 24/7 to open and close trades, aiming to maximize profits without fixed stop losses. ForexAutopilot is optimized for the EURUSD pair on the 1-minute timeframe. It comes with default parameters in a preset file and allows adjusting the lot size and risk parameters. Backtesting showed profits of over 700% in 2007-2008 without ever losing the initial deposit over the 2004-2008 period.

Uploaded by

Budi Mulyono
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ForexAutopilot.

com presents

Expert Advisor (Robot)


Descriptions and Parameters

www.ForexAutopilot.com
Introduction

Expert Advisor is unique trading system (robot) that monitors the market
situation 24 hours/day and makes trades for you! Just keep your
Metatrader4 on all the time even if you are away or asleep! Robots will do
all the work for you to bring you good profits!
Forex Market is open 5 days a week. No trades on weekends.
Expert Advisor (ex4 file) is not a windows-based program. It is a script
(plugin) for Metatrader4 and can be run only inside Metatrader4 software.

How to get started?


We provide step by step instructions how to start trading with
ForexAutopilot. You can read instructions how to start in
autopilotFAQ.pdf

ForexAutopilot Expert Advisor

File
ForexAutoPilot.ex4 – place it to /experts folder of your
metatrader4 path.

Description of Trading System


Trading system if ForexAutoPilot advisor is based on over 20
modern forex indicators such as Alligator, Fractals, DeMarker,
William's Percent Rate. The system detects good trend, confirms
it using internal indicators and opens the trades to take maximum
profit for you. The system does not use fixed stoploss parameter
to prevent getting losing trades. ForexAutoPilot advisor monitors
each open trade carefully and closes it if reaching takeprofit limit
when the trade is successful. If the trade is loosing ForexAutoPilot
advisor closes it using signals of its internal indicators to prevent
drawdowns.

Currency and TimeFrame

ForexAutoPilot advisor is optimized and can work only on


EUROUSD pair on 1M (1 minute) timeframe.
Parameters and Preset

You can use default parameters from Preset eurusd_m1.set


If you are using small deposit set the Lots = 0.1
If you have large deposit set the Lots = 1

LotsRiskReductor – Defines the risk

MaxOrders – maximum number of open trades at the same time

MaxLots – maximum lots

aaa and bbb are internal variables, do not change them

TakeProfit and StopLoss – profit and loss limits

TrailingStop – trailing stop feature

SpanGator – same as trailing stop

SlipPage – slipperage of orders

TrendNonFlat – defines the flat market

SafetyGapDemarker and SafetyGapWPR defines Demarker and


WPR internal indicator parameters
BackTest on History

Great results in 2007-2008: 700% of profit in 1 year! Made


74,035 from 10,000 usd!

What about other years? Lets check them too! 2004 year was not
very effective (only 200% of profit) but advisor NEVER lost the
deposit on whole history from 2004-2008! Recent years are very
effective because it was optimized for modern market conditions.

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