FRZ Currency Strength EA Robot MT4

(3 customer reviews)

$99.00

Description

This is an expert adviser/robot that takes into account the relative strength of the currencies and makes trades where it finds currency pairs that have strong and weak currencies. This EA does not use any risky strategies such as Martingale, Hedging, Grid, Averaging, Arbitrage, etc. It makes only one trade per chart at a time. It also avoids related currency pairs when there is a trade. 

Installation Steps

NB: Make sure you are setting this up when forex market is running (i.e. in weekdays).

1. Copy the indicators into the MT4 Indicators folder

2. Copy the given .tpl template file to the MT4 template folder

3. Copy and EA to the MT4 Expert folder.

4. Load the template file on to the charts

5. Load the EA on to each chart

EA Specs

Product name FRZ Currency Strength EA
Platform Supported MT4
Time frames supported H1 (New Version)
Recommended pairs Any currency pair
Suitable market sessions Any
Risk assessment Comparatively low risk as it does NOT use any risky strategies such as martingale, grids, hedging, averaging or arbitrage. It also avoids related pairs when a trade is running. Only one trade per chart at any given time with fixed lot size, TP & SL.
Recommended broker Any broker
Recommended min. deposit Any amount: however, lot size should be decided based on the deposit size.
License Single purchase includes license for two (02) trading accounts (including 01 DEMO and 01 real account). You can submit your account numbers after purchase. Both accounts should be submitted at once after purchase. You can NOT change the account numbers afterwards.  We offer no refunds or returns. 
Support Free installation support
Current version 2.0

Screenshot

Settings

Setting Explanations

  • Lot size => Here you can set the lot size. Please make sure the ;lot size is in line with your deposit. Do not have large lot sizes if you have a small deposit
  • Trading Start/End Time => Here you can have a time filter for the EA. For instance, if you want the EA to run during a particular market session (E.g. London), you can simply set the start and end time accordingly. Please note the time given are based on brokers server time (i.e. MT4 time).
  • Trade if Delta more than => Here you can specify the currency strength gap you want to trade.
  • Pause after a Losing Trade (Hrs) => You can pause trading after a losing trade as necessary.
  • Breakeven % of TP => Breakeven is set as a % of the TP (Not in pips)
  • Take Profit (ATR Multiplier) => TP is set as a multiplier of ATR at the time of entering the trade. For instance, if the ATR was 15 pips at the time of the trade and here you have entered 2, then your take profit would be 30 pips. Please note that there is no stop loss setting and stop loss is decided dynamically by the EA.
  • Stop loss shrink before News and Weekend (pips) = > The EA will shrink stop loss during news releases and also during the weekend in order to avoid large losses due to sharp movements. After the news releases and weekends, the stop loss will be moved back to original position. EA also has a news filter built in and it may not take trades during news times.

 

Back-testing Results (back-testing may not work properly without special tools)

Please note that past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here.

FRZ Currency Strength EA Robot MT4

3 reviews for FRZ Currency Strength EA Robot MT4

  1. Milanid K

    Thanks for the support. Looks good so far

  2. Kaith Liaun

    Thanks for the support. It made some profits along with some losses but still overall profit.

  3. Senarat F

    So far it is working well and I am in profit.

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Guest
Nanuo Nethan
7 months 22 days ago

How do you calculate currency strength

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ForexRobotz
4 months 8 days ago

Using an indicator (provided with purchase)

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Pelan
5 months 12 days ago

Does it work on any timeframe?

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ForexRobotz
4 months 8 days ago

15 Mins chart

 
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