- January 15, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA

Mean Reversion Range EA Review
Mean reversion range EA, or MRR EA is a powerful tool for traders looking to capitalize on the natural fluctuations of major and cross-currency pairs. This Mean Reversion Range EA, which works on a 15-minute timeframe, is specifically designed to trade on the GBPUSD, USDCAD, USDCAD demo, EURUSD, and EURGBP pairs.
Best Brokers ListĀ
The System Levels Trading Robot works with any broker and any type of account, but we recommend that our clients use one of theĀ top forex brokers listed below:
System Levels Trading Robot Settings
One of the key features of MRR EA is its risk management settings. Users have the ability to set the volume of trades with inputs such as āMoney managementā and āValue for Money management.ā This can be done using fixed lots, fixed risks per trade, or fixed volumes per 1000 equity. Additionally, the Mean Reversion Range EA is designed to hold a maximum of 2-3 trades at a time, which helps to limit risk explicitly.
Another important aspect of MRR EA is its spread control. If āEnable spread controlā is turned on, the EA will not trade if the current spread exceeds the āMax allowed spreadā value. This can be set in pips or as a percentage of the current price using the āSpread unitā input. The default settings for major currency pairs are typically sufficient, but users can adjust these as needed.
MRR EA also includes options for setting stop-loss and take-profit levels. These can be set in pips or as a percentage of the current price using the āStop-loss and take-profit unitā input. While the Mean Reversion Range EA is optimized with default settings, it is possible to find other tradable settings through experimentation.
Another useful feature of MRR EA is the ability to enable breakeven and trailing stops. If āEnable breakevenā is turned on, the stop-loss will be moved to the trade open price level plus āProfit to save, pipsā once a āProfit trigger, pipsā profit is reached. Similarly, if āEnable trailā is turned on, the distance between the current price and stop-loss will be checked on āProfit trigger, pipsā reach, and if the distance is higher than āTrail distance, pipsā stop-loss will be dragged to a new level.
MRR EA also offers a range of time options to suit the needs of different traders. By default, the Mean Reversion Range EA trades 24/7, but users can further define the days of the week and hours of the day that are tradable. Additionally, the āFriday closing timeā option allows traders to set a time to close all trades before the weekend.
Mean Reversion Range EA Backtest
Itās important to note that backtesting the EA using āOpen prices onlyā mode is much faster than āEvery tickā mode but the results are similar. However, it is important to remember that neither past tester nor live performance can ensure future results. Risk settings should not be based on backtests and lower risks mean higher possible returns. When live trading, a fixed risk within 0.3-3% per trade is fairly ok for live trading.
Download the Free Mean Reversion Range EA
We highly recommend trying Mean Reversion Range EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.