Updated: 7 days ago
I continue to share free forex trading robots. This time i've prepared an expert advisor which works by MFI indicator from MT4 or MT5. It opens a buy trade when MFI crosses level 20 below and opens a sell trade when MFI crosses 80 level above. It looks quite simple, but it works in classical way. Robot have all the settings, so you can change that and maybe find some good and profitable settings. This MFI EA has fixed lot or martingale money management, you can control the trading start and trading end of the day, MFI period, level to sell, level to buy and it also has all trailing stop settings. I think there are quite a lot of settings, so you can find plenty of set up for this EA. So you can have some good time to play with it. In my opinion the more simple trading strategy is the more profitable it can be.
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Martingale random test on EURGBP M15 2017-2018.
Martingale random test on GBPUSD M15 2017-2018.
Two random test above, you can see how interesting it can perform with martingale. This EA works on every time frames, on all time frames and even on index, metals and etc.. so you can really find something worth the attention.
Inputs menu made as simple as possible. You easily will understand how to control all the settings.