FX Robot RB_10

2009/12/01-2010/01/01 (FXDD, Leverage=100, Lots=0.02, Maxcount=7)
USDJPN (pipstep=90, backstep=45, sessionTP=2700)
Total net profit=166.19, Profit Factor=1.71
EURUSD (pipstep=140, backstep=70, sessionTP=4200)
Total net profit=139.24, Profit Factor=1.78
GBPUSD (pipstep=160, backstep=80, sessionTP=4800)
Total net profit=385.84, Profit Factor=4.68
EURJPN (pipstep=130, backstep=130, sessionTP=3900)
Total net profit=327.10, Profit Factor=1.99
GBPJPN (pipstep=140, backstep=140, sessionTP=4200)
Total net profit=343.22, Profit Factor=2.00

SummerSoft Labs' FX Robot RB_10 works on MetaTrader 4. You need a live account at any Forex dealer that supports MetaTrader 4 and allows for hedgeing technique to take full advantage of it.

FX Robot RB_10.ex4

The RB_10 EA (robot) works on any currency pair on any timeframe (in fact, timeframe does not matter at all). It basically tries to make profit in the same direction as the price moves. It automatically opens orders in both directions (BUY & SELL) at one time initially. You can manually open the initial orders by setting "donow" to "True". It closes all the outstanding orders when the specified profit "sessionTP" (in dollars per lot) is reached, which functions as TAKEPROFIT, or "backstep" is reached, or "maxcount" is reached.

External variables are:

Lots = 0.02 (number of lots for each order)
fixLots = 0.01 (number of lots for each fixing order)
//////////////////////////////////////
recap = true (recaptures the status after you exited the MetaTrader 4 or turned off your computer while the session is outstanding.)
NOTE: You need to set "recap" to "False" for RB_10 to function.
fixnow = false (if true, enters fix mode)
quiescenow = false (if true, quiesces this EA when the current session ends)
donow = false (if true, opens orders immediately)
stop_now = false (if true, stops this EA)
close_now = false (if true, closes all outstanding orders)
//////////////////////////////////////
maxcount = 7 (maximum order count per session)
pipstep = 100 (pip step to add another order)
backstep = 50 (back step to close the current session)
fixstep = 50 (fix step for fixing)
//////////////////////////////////////
use_sessionTP = true (If true, uses "sessionTP" below. Don't change this)
sessionTP = 3000 (profit in dollars per lot to close all outstanding orders; functions as TAKEPROFIT)
use_sessionSL = false (If true, uses "sessionSL" below)
sessionSL = 5000 (loss in dollars per lot to close all outstanding orders; functions as STOPLOSS)
use_fix_start = false (if true, automatically starts the fix mode when "fix_start_loss" is reached)
fix_start_loss = 5000 (dollars per lot to start the fix mode)
//////////////////////////////////////
use_in_values = false (set to "True" on restart to use the following manually-entered values)
in_profit_sofar = 0 ("profit so far" on the chart)
inmax = 0 ("GLBmax" on the chart)
inmin = 0 ("GLBmin" on the chart)
in_direction = "---" ("Direction" on the chart)
in_buy_or_sell = "---" ("Buy or Sell" on the chart)

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You can buy RB_10 for $79.00.

Buy RB_10
$79.00

Once your payment is confirmed, we will send our RB_10 to your e-mail address. You will receive any updates and/or additions, when they occur.

How to use RB_10.ex4 and some useful tips

1. Put RB_10.ex4 into "experts" folder under your MetaTrader 4 folder.
2. Open your MetaTrader 4.
3. Drag RB_10 from [Navigator] > [Expert Advisors] > [RB_10] to your chart (e.g. EURUSD.H1).
4. Right click your chart and select [Expert Advisor] > [Properties].
5. Set variables (or parameters) as appropriate.
6. If everything is ok, change "recap" parameter from "True" to "False".
7. Press [OK] to start RB_10.

TIPS

Always make sure the performance of this EA by using Strategy Tester before actually put it in place.

1. Set "pipstep" value to 2 to 3 most significant digits of the current price. For instance, if EURUSD is 1.4452, set "pipstep" to 140.
2. Set "backstep" value to 50 % through 100 % of "pipstep" value. For instance, if "pipstep" value is 140, set "backstep" to 70 through 140.
3. If your leverage is 100, then set "sessionTP" value to three times "pipstep" value multiplied by 10. For instance, if "pipstep" value is 140, set "sessionTP" to 4200. If your leverage is NOT 100, then adjust this value accordingly.
4. Optimal "maxcount" may be 7.
5. It is NOT recommended to use "sessionSL".
6. If you need to end the current session, use "closenow" to close all outstanding orders.
7. If you need to stop RB_10 after the current session ends, use "quiescenow".
8. If you need to stop RB_10 at any moment, use "stopnow".
9. The fix mode is for mending scattered buy and sell orders placed outside RB_10 robot. RB_10 will try to fix it by placing additional buy and/or sell orders to reduce loss and increase profit, but it may take time.
10. The money management is up to you. Don't place too ambicious orders using RB_10.

SummerSoft labs is NOT liable for any losses by using RB_10.