05/20/2022

ChainMaster EA MT4 Forex robot

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Buy ChainMaster EA MT4 forex robot


Download ChainMaster EA MT4 demo version

If you do not know how to start trading on Forex – take the short training Forex course online for free.

ChainMaster – fully automatic trading system based on a combination of trend trading and scalping.

The Expert Advisor has a built-in author’s recovery system for unprofitable positions, which allows to keep drawdown of trading account within adequate limits.

A sufficient number of parameters allows to customize trading according to the individual preferences of a user.


Broker and trading account

Any broker is suitable for trading. The robot is not sensitive to spread and/or order execution speed.

Minimum recommended deposit – $200 for cent account and trading lot 0.1.

Minimum recommended leverage – 1:400.


Currency pairs, timeframe, terminal

Trading is recommended on EURUSD, GBPUSD, AUDUSD, USDCAD, USDCHF, USDJPY. However, you can optimize the parameters for trading on other currency pairs.

Timeframe – М1.

Terminal – MetaTrader 4.



Parameters

  • AutoLot – if “true”, the EA chooses lot size for trading by itself, depending on account balance.
  • Lots – lot size, set by a user, if AutoLot=”false”.
  • Risk – percentage of the deposit, used for the automatic calculation of the lot.
  • DD – the maximum drawdown as a percentage of account balance, at which all positions of the EA on current currency pair will be closed.
  • TakeProfit – TakeProfit value in points.
  • StopLoss – StopLoss value in points. Not recommended for permanent use, because it may disrupt the recovery system.
  • TrailingStop – TrailingStop value in points.
  • EAidentifier – identifier of the EA, which allows it to distinguish its positions from the positions of other EAs.
  • CommentOfOrders – comment to positions. Can take any value on a user choice.
  • OpenNewPositions – if “true”, the EA is allowed to open new positions. If there are already open positions on the current instrument, then this parameter is ignored.
  • ChainLotMult – trading lot multiplier for opening the following positions. Used in recovery system.
  • MaxNumberOfOrders – the maximum allowed number of simultaneous positions for this trading instrument.
  • ZeroPositions – if “true”, the EA will open positions only if there are no other open positions on the trading account at all.
  • MaxSpread – maximal value of spread for the EA to open positions.
  • ShowBreakEven – if “true”, an approximate breakeven level will be displayed on the chart.
  • InformationPanel – if “true”, an information panel will be displayed on the chart.
  • BS_Signal – if “true”, the EA will use the current trading signals, in the recovery system.
  • Volatility – multiplier for measuring current volatility of the currency pair, in the recovery system.
  • Last_BorderPrice – if “true”, the EA will use levels of the last open positions, in the recovery system.
  • Same_ChainLot – if “true”, the EA will open an opposite position with the same lot, in the recovery system.
  • CompareBSPositions – if “true”, the EA will take into account the difference in the number of Buy and Sell positions, in the recovery system.
  • OppositePosition – if “true”, the EA will open an opposite position, in the recovery system.
  • CountPositions – if “true”, the EA will compare the number of Buy and Sell positions to determine the order of closing, in the recovery system.
  • FullTP – if “true”, the EA will not reduce TakeProfit, when closing several positions, in the recovery system.
  • ClassicClose – if “true”, the EA will use the recommended method of closing positions, in the recovery system.

  • If you want to test the EA in the Strategy Tester, do it in “Every tick” mode.


    Parameters are set as for 4-digits servers. They will be automatically recalculated for 5-digits servers.


    By going to the payment page, you confirm that you have read and accepted the Terms of use



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