GBP Magic - Forex Expert Advisor for MT4
- Expert Advisor is suitable for all types of accounts and with any type of spread.
- The EA does not require stopping during the news releases.
- The chart timeframe does not matter. This parameter is defined in the settings.
- The EA features a spread control, which prevents the EA from opening orders at a large spread value.
- If you set FixedLot to zero, the lot will be calculated based on deposit and the Risk parameter.
- Always use Stoploss to secure your investment
- Does not have special requirements to order execution speed and broker connection delays.
- Does not require high-speed VPS. Will work on most brokers. However, a good ECN account with low spreads is recommended to achieve the best results.
- Currency pairs: GBPUSD, GBPJPY, GBPAUD.
- Timeframe: All Timeframe (recommended M5 OR M15)
- Account: Preferably ECN
- To use Trailing Stop, it is highly recommended to have an account with zero Stop Levels.
The minimum initial deposit is $100. --> recommended $1000.
- MagicNumber - magic number to identify orders opened by the EA
- Slippage - maximum allowed slippage
- MaxSpread - the maximum spread at which the EA is allowed to open new orders
- FixedLot - If you set FixedLot to zero, the lot will be calculated based on deposit and the Risk parameter
- RiskPercent - percentage of the deposit balance to increase the initial lot. It is activated, if the value of FixedLot is zero
- MaxDrawdown - maximum allowable drawdown
- Trailing - size of the Trailing Stop in points
- StartHour - trading starting hour
- EndHour - trading end hour
- GMTOffset - GMT offset between your broker and GMT time
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