Forex Machine 56 Dual EA – Amazing Free EA

Strategy control block.

Here you can choose whether the SMART MACHINE EA will work with the same lot, transactions will be opened incrementally, or vice versa, go to a decrease in volume but not lower than 0.01 lot.

• MoneyManagmentType – (1) – Allows an increase or decrease in the opening volume of the following transactions, the initial lot and the Increase / Decrease coefficient are set separately below.
• MoneyManagmentType – (2) – Trading will be carried out only with a fixed lot, which is indicated below. (Averaging).

*** In general, accounts work with parameter 1 – this allows you to close transactions with higher profitability faster, when setting MoneyManagmentType – (2) you will have to wait longer for closing positions.

Block control of the initial and subsequent positions.

• Constant_or_Balance – true – The initial order volume will be constant and equal to the ConstantLot value specified below. False – The lot size of the first order will dynamically change along with the change in the deposit and will depend on the Percentage Of Auto lot Volume parameter and the size of the deposit, calculated by the formula:
  • Lots = AccountBalance() * (RiskPercent / 100.0) / 10000.0
• ConstantLot – The parameter sets the initial fixed lot for trading. Works only when Constant_or_Balance is true.
• Percentage Of Autolot Volume – The initial lot is set depending on the deposit according to the formula above.
  • *** As a rule, the majority sets Constant_or_Balance – true and ConstantLot 0.1 – 0.5 lots for every $10,000 deposit, but this does not mean that these are the best settings and changing this parameter can radically change the work of the Best Forex Robot.
• TakeProfit – the desired value of profit in points when closing an order or a group of orders. Everything is simple here, the higher the value – the higher your profitability from each position you open, the picture shows the value 30, which equals 30 pips or 3 four-digit points.
• Step – This parameter is responsible for the minimum allowable distance between two opened orders. The lower this parameter, the more actively the Best Forex EA will work and vice versa. In the picture above it is 70, which means that the next trade will open no earlier than 70 pips or 7 four-digit points.
• MaxOrders – a parameter that limits the number of simultaneously open orders.

Money management control block

• Use_Restrictions true – enable or false – disable deposit protection by closing all transactions – when the limit value of the maximum drawdown set by you as a percentage of the entire deposit is reached. Most investors do not include this option.
• LimitSize – a limiter for the allowable drawdown from trades, indicated as a percentage of the deposit amount. Will only work if the previous parameter is set to True.