Fr Trader

Fr Trader is a multicurrency Expert Advisor which is a lite hedge system. The EA opens two deals using position hedging by signals from multiple indicators. It manages all lots automatically and exits market in a proper way. The robot applies its own magic number to avoid conflicts with other orders.

Parameters

• Risk - risk per trade as a % of account balance.
• Lots - lot size, default is 0.01
• TakeProfit - take profit in pips
• StopLosses - stop loss in points
• AutoClose - enable automated deal closing mode (true - yes, false - no)
• StartHour - trading start hour
• EndHour - trading end hour
• no_comments - order comment (true - yes, false - no)
• chart_info - info on screen (true - yes, false - no)
• ControlBars - amount of managed candles
• ControlRange - range for opening deals
• HedgerRiskCoeff - ratio multiplied by a hedge trade (1 - auto calculation). Example: main lot - 1.0. If HedgerRiskCoeff - 1.2  =>  lot - 1.2

Testing the Expert Advisor

Testing was not performed in the tester, since this is a multicurrency EA.

Rules

• The EA should be online 24 hours a day to open and close hedge positions.
• The robot works well on M5 charts with 5-digit quotes.
• It works only on EURUSD, USDCHF, and EURJPY.
• Start trading only from 0.01 lot and do not forget about margin.
• The minimum deposit is 100.
• VPS is recommended.