Forex Earth Robot trades on 2 major currency pairs EURUSD and GPUSD on M5 timeframe with the usage of scalping strategy. These pairs give favourable low spreads and fast execution due to their high liquidity. Forex Earth Robot works on any broker with 4 or 5 digits price quotes. One of the key features of the Forex Earth Robot claimed by the developers is that it uses a good risk to reward ratio meaning that it aims to achieve winning trades that are greater than the losing trades.
This would be advantageous as forex robots that have a poor risk to reward ratio can see profits wiped out in just a few losing trades whereas a good risk to reward ratio means that a few losing trades can be recovered from quickly. It also means that a forex robot does not need a very high win rate to still be in profit overall and therefore could be considered a stable automated trading solution.
Once the Expert Advisor is placed on the chart, the Settings window will pop up. Here you can view the default settings and adjust them if you need to. Make sure on the Common tab you have the “Allow live trading” box checked. After you have placed the Expert Advisor on the chart, in the upper right hand corner of your chart you should see a smiley face. This means the Expert Advisor is running. If you do not have a smiley face but see a frown or an x, then make sure again that under Properties, the “Allow Live Trading” box is checked. If it is and still you do not have a smiley face there is one more place to check. Go to Tools on the menu bar and choose Options. A popup will appear and select the Expert Advisors Tab. Make sure the “Enable Expert Advisors” box and “Allow Live Trading” box are both checked. Your Expert Advisor is now ready to open, modify and close trades.
Important: FOREX COMCD SYSTEM will work on any broker with 4 or 5 digits price quotes. It is not necessary to change any parameters for 5 digits price quotes.
| Earth Robot EA Rating |
8.19 |
| Developer |
Earth Robot |
| Created, year |
2017 |
| Free |
|
| Class |
short term |
| Type |
scalping |
| Lot size |
not less than 1000 units per 0.1 of a standard lot |
| Deposit, USD |
500 |
| Leverage |
50 |
| Timeframes |
M5 |
| Strategies |
scalping |
| Indicators |
own indicators |
| Recommended brokers |
OctaFX, HotForex, Libertex, LegacyFX, Moneta Markets
|
| Trading tool/currency pairs |
EURUSD, GPUSD |
| Yield per annum, % |
80.9 |
| Max.drawdown, % per annum |
19.14 |
| Automatic account type |
|
| Indicating |
|
| Multiple usage |
|
| Mini deposits |
|
| Max risk limitation |
|
| ECN |
|
| NDD |
|
| Several one-way series |
|
| Auto start lot |
|
| Fixed stop loss |
|
| Fixed takeprofit |
|
| Automatic lapse expansions |
|
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