Where many traders often wonder weather to choose an Expert Advisor, a signal or just trade manually, well the Hybrid EA has all of that!
Using the D1 chart settings this forex robot does not trade very often, however aims for 100 – 300 pips per trade. So in case you want to patiently wait for good entries, this is the strategy you are looking for. Since the algorithm is too complicated to program in MQL4, it needs to be switched on manually in your platform each time there is an entry signal. The developer has been trying to make it a fully automated system, but dropped it after noticing the algorithm could not be coded. For many of the traders using this EA, it is a feeling of relief, knowing when the EA is “on” and when its “off” and definitely improves your night sleep.
So how does this EA work ?
You can drag and drop the EA in your MQL4 folder of your MT4 platform. At the same time an indicator determines an entry which will be published on our website and will also be emailed to you. At that moment all you need to do is to drag and drop the EA file in your chart of the currency pair that is showing an “ON” signal.No need to rush, since all signals are either sell stop or buy stop orders so you should have plenty of time to enable the EA. This EA runs on D1 chart settings. Once you activated auto trading its a matter of sit back and relax.
What about money management?
This EA comes with standard risk settings which includes features like: stop loss, take profit, trailing stop. It uses by default lot sizes of 0.01 per $1K account size. So in case you trade this EA with $5K, it will use lot sizes of 0.05 per trade. Stop losses are usually set at 50-100 pips whereas the take profit targets aim for 200 pips or more. The EA “locks” profits once target levels are reached and will use trailing stops to enlarge the profit.
This EA is being offered as signal provider, which appear in your mailbox.
For any question we kindly ask you to send us and email.