- January 21, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Halgo RTM EA Review
Today, I am pleased to introduce to you an expert advisor that is specifically designed for trading the XAUUSD currency pair.
The Halgo RTM EA. This EA comes equipped with a variety of filters and protections for major impact events and news, however, it is important to note that the market is always unpredictable and the expert advisor's predictions are only probabilistic. In terms of strategy and features, as previously mentioned, The Halgo RTM EA has been developed with years of gold trading experience behind it.
Our team noticed that indicators often lag behind the market, so this EA does not utilize any trading indicators at all. Instead, it is based on a future forecasting algorithm that we developed, which involves taking virtual positions to probe the market and identify reversal points to execute real trades.
Additionally, the Halgo RTM EA will enter positions of the same volume (same Lot) in the first 8 positions, and if it still cannot close profit after 8 positions, it will activate a martingale system to quickly average the price and take profits.
Recommendation
Use this Halgo RTM EAv only for the XAUUSD;
The installation platform: MetaTrader 4 (MT4);
Minimum spread: 1:500;
Best Brokers List
The Halgo RTM EA works with any broker and any type of account, but we recommend that our clients use one of the top forex brokers listed below:
Halgo RTM EA Settings
The Halgo RTM EA has parameters for risk control:
Lots: custom fit your capital;
Max Lots: is the maximum volume that the EA is allowed to make. (If you don't want the EA to do martingale, set Max Lots = Lots). There for the robot can be used without the martingale system;
Profit Target: Will help you control greed and know when to stop.
Maximum Loss: It is the SL for you to accept to stop loss when your account is negative a certain amount.
Max Order: will control the current maximum number of positions that the EA can trade, if it exceeds this number, the Halgo RTM EA will stop adding new positions.
Percent Risk: this is an interesting function, it is not a stop loss function, it will make the EA pause to add more positions when the FreeMargin is negative by a certain percentage.
News filter (indicator): It has the function of suspending the EA's trading before important news is published and will automatically restart the EA when the news has passed. that way, in some cases, you'll avoid periods of extreme market volatility.
Trailing Stop: Intelligent trailing stop function that will maximize your profit. If the robot has several positions open, the trailing stop function will be activated at the beginning on the last transaction, provided that it is on the plus side, obviously. When the price goes in a favorable direction and the mathematical calculation shows a profit for all other trades, the trailing stop function is activated for all trades
Daily Profit Target ($): Set profit target for 1 day (USD), when target is reached, Expert Advisor will stop trading for that day;
Monthly Profit Target ($): Set a profit target for 1 month (USD), when the target is reached, Expert Advisor will stop trading for that month, and will automatically trade again in the new month. If you want Expert Advisor to continue trading once you reach your monthly target, you need to remove and reinstall Ea. (At this time, I recommend reducing your trading volume and max Loss to ensure your monthly profit);
Maximum Loss to Close all order ($$): [Stop Loss] Expert Advisor will close all open positions [only positions opened by EA when profit is negative by a certain amount… if you don't want stop loss, set it = your capital;
Max Orders: Maximum number of positions allowed to open;
Space (Point): Minimum distance between two positions (in points);
Max Slippage: Maximum acceptable slippage relative to the order position;
Max Spread: Expert Advisor will not enter an order when the spread is larger than this number;
YOU NEED TO ADJUST THIS SPECIFICATION TO YOUR ACCOUNT TYPE. For example, if the average spread on your account is 17, you can set Max Spread = 17+5 = 22
Percent risk: Expert Advisor is not allowed to enter more positions when FreeMargin reaches this negative level;
Multiplier: Exponential, after positions with the same initial volume (21. Order same Lots), Expert Advisor will proceed to martingale;
Use_Multi_Plus: Perform martingale according to the cumulative calculation. If you choose true, the Expert Advisor will add the previous lot number with the plus coefficient (15. Plus_Lot) below. Then, the Multiplier parameter above is disabled;
Plus_Lot: Plus coefficient;
Slipagge: Accept slippage in this range;
Magic Number: Expert Advisor number;
Min Take Profit (in first order): When there is only 1 order, this is the minimum positive distance for the Expert Advisor to start trailing function;
Average + Take Profit (When there are more than 2 orders) Expert Advisor will average the price and add a certain distance then start trailing;
Take Profit have 2 order: Used to calculate take profit distance when there are 2 orders;
Orders same Lots: Number of Orders with the same first volume;
Signal 2: System trading signals;
Orders density (less orders when increasing this value): The number of orders opened during the day is determined by this parameter, the higher the number--> the Halgo RTM EA will open fewer orders but is safer;
Signal 4: System trading signals;
Additional Space: Starting from Order 8, Open position for orders greater than 8 = Space + Additional Space;
Trailing All Order: If it = false, Expert Advisor will not trail but close all orders when the total position is positive;
railing End Order: Expert Advisor will trailing the last open position when it qualifies;
Trailing First Order: Expert Advisor will trailing the first open order when it qualifies;
Halgo RTM EA Installation
The next step you need to do is to install the news indicator (see the image below). It comes with a preset file calibrated by us specifically for USD. The role of this indicator is to suspend the AutoTrade function before the news with a major impact and to reactivate the robot after the momentum is consumed:
Now the system is ready to install The Halgo RTM EA.
Copy the contents of each file to the root folders where the MetaTrader4 platform was installed. For this, access from the platform, from the toolbar: File/Open Data Folder/MQL4/
Halgo RTM EA Mt4 Free Download
We highly recommend trying Halgo RTM EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
Get Halgo RTM EA
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