- October 1, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Breakeven Forex Robot Review
The Breakeven Forex Robot operates entirely autonomously; it trades, makes adjustments on a regular basis, and does self-tests. The spread is within the adviser's control; if it doubles, the deal will not proceed.
MarketTrader program for automatic breakeven trading in the Forex market using the MetaTrader 4 terminal.
The MarketTrader program is written in the MQL4 language, which is part of MetaTrader4.
The MarketTrader program determines the signals to buy and sell a currency based on the progression of the differences between two moving averages MA1 8-28, MA2 50-222 from the CCI 50-222 indicator.
The MarketTrader program has an additional utility MarketTraderOptimizer written in C++, the main task of which is to periodically select periods MA1, MA2, and CCI using the sequential opening of buy-sell deals. The result of the MarketTraderOptimizer utility is written to a configuration text file for subsequent use in the MarketTrader program.
The MarketTraderOptimizer program should be run periodically depending on the minimum timeframe in the configuration file.
Before using the MarketTraderOptimizer, you need to run the UpdateBars indicator on a chart with a minimum timeframe from the MarketTrader configuration file.
The result of the MarketTrader program: the average number of profitable transactions is ten to twelve times higher than the number of non-profitable transactions per day, based on the fact that automatic trading is carried out on 23 currency pairs.
The MarketTrader program is suitable for trading currency pairs, cryptocurrencies, stocks, futures, and options.
Best Brokers List
The Breakeven Forex Robot works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
Breakeven Forex Robot Setting
Instructions for use
0. Turn off MT4 . 1. Clear the MQL4/Files
folder on your computer. Item 1 is only for existing users, for new users this item is not required. 2. Copy the MQL4 folder from the release to the MT4 terminal folder. Turn on MT4. 3. Customize the " Market Watch / MarketWatch " window
"- leave the necessary currencies, delete the rest.
4. In the MT4 menu " Tools" / "Settings" / "Charts " / " Max.bars in history " and " Max.bars in the window " set "1600" and restart MT4.
5 In the MT4 menu " Tools" / "Quotes Archive " select each symbol from the " Market Watch / MarketWatch " timeframes 15,30,60 and download the history of quotes for each symbol separately. the rest of the history is not required
6. Drag the Expert Advisor MarketTrader.mq4on the M5 chart of any currency pair, specifying the key in the settings. We wait 2 minutes if the red inscription "Correct errors!" - download the history for currencies that are gray on the chart or delete these currencies from the contests.txt file. The optimizer closes MT4 to save quotes to disk and makes calculations, after that it opens MT4 again and continues trading on new calculations. The optimizer works every 24 hours, there is a countdown on the graph.
7. Save the profile in MT4 under the name Default.
Breakeven Forex Robot In Action
Breakeven Forex Robot Free Download
We highly recommend trying the Breakeven Forex Robot with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.