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REGISTER PARTICIPANTS Expert Mr Stein Robot Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 29, 2020.

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  1. James Goldman

    James Goldman Moderator
    Staff Member Organizer

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    #mrsteinrobot

    mr-stein-robot-logo-200x200-6527.png

    MR. Stein Robot is a fully automated Forex Expert Advisor. The robot strategy is based on price levels' breakout with smart Take profit and Stop loss. Take profit is always 21 pips and Stop loss is always 14 pips. The robot is most efficient on EURUSD H1. The risk is moderate. The EA shows good results with only 3% of risk. Of course, you can increase risk % but I suggest no more than 5%. Long-term tests showed a small drawdown %. The robot only works on EURUSD.
    It is one of the strategies of the full Mr. Schmitt Robot.

    Full Mr. Schmitt Robot is here: You are not allowed to view links. Register or Login
    Full Mr. Schmitt Robot real account monitoring is here: You are not allowed to view links. Register or Login

    Features
    • Always uses pending orders
    • Take profit is always bigger than stop loss (tp 21/sl 14)
    • No martingale or martingale elements
    • No grid
    • No hedging
    • No risky strategy elements
    • Most efficient on EURUSD 1H
    • You can start as little as $200 deposit
    • Ability to choose a fixed lot or risk %

    Testing in History
    • EURUSD H1 2008-2015 - from $1 000 to $452 105 with 3% of risk

    Settings
    • volume size
    • money management by risk %
    • start hour
    • end hour
    The EA is easy to set up, just choose your fixed lot or risk % and set close time before your broker's close market on Friday. It is important, since the EA deletes pending orders before the end of a week. Other settings are left by default.

    Recommendation
    It is recommended to use a low spread broker and a VPS. Download history data before testing in the strategy tester.
    If you have a question or need help, fell free to contact me.

    Parameters[/b]
    • magic number - unique number for each chart
    Buy block
    • price offset - pips offset from candle high/low
    • volume size - fixed lot (if you use a fixed lot, then "volume block percent" should be 0)
    • volume block percent - money management by risk % (if you use money management, then "volume size " should be 0.0)
    • stop loss - pips in stop loss
    • take profit - pips in take profit
    • slippage - permissible slippage for opening an order
    Sell block
    • price offset - pips offset from candle high/low
    • volume size - fixed lot (if you use a fixed lot, then "volume block percent" should be 0)
    • volume block percent - money management by risk % (if you use money management, then "volume size" should be 0.0)
    • stop loss - pips in stop loss
    • take profit - pips in take profit
    • slippage - permissible slippage for opening an order
    Close time
    • start hour - e.g., 20:00. It depends on your broker. Set time before your broker stops working on Friday evening. The robot closes pending orders and starts next week from zero
    • end hour - e.g., 20:01
    Trailing stop
    • stop pips - trailing stop in pips
    • step pips - one trailing step
    • start pips - pips offset from the open price

    mr-stein-robot-screen-9484.jpg mr-stein-robot-screen-8446.jpg

     

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