Roboost v1 – EA MetaTrader 4

Roboost is an EA for MetaTrader 4 trading. It combines several ideas of common forex robots such as RSI half-scalping.

It tries to limit the risks by

• adding a limiter to maximum lot size
• usage of stop losses
• limitation on trading hours
• limitation of maximum Spread to avoid trades during news or difficult market conditions
• Using Pending Orders instead of Market Orders

It also calculates lot size automatically based on remaining equity if enabled in the set.

The code is delivered as-is.

It can run on different pairs in parallel with different sets. Of course, the automatic lot calculation is dependent on the remaining equity — in case of several pairs traded in parallel, the lot size will be impacted by all other open trades.

I am submitting it as a template for further development.

Wording: Working beta version – use it as template, to generate ideas or extend to ready-for-use ea.

Before trading on live account, please do extensive testing and/or further development.

Recommendations:

• Try the attached sets for EURUSD h1 first
• Test on 2 yrs
• Insert a 2nd indication to validate the trades in the highlighted section (if you know, what you are doing)

Dependencies:

• There is no include/library/dll needed so far
• In case you enter more sophisticated indicators, you might have to allow dll-usage in expert settings