Let me introduce myself, my name is Matthew, I am a programmer, web designer, marketing professional, and currency trader. For the past 5 years I’ve been designing a Forex Expert Advisor in the MQL4 programming language that I’ve dubbed MFM5. I am now putting this EA up for sale.
I’ve developed an EA that can earn an astonishing 50% a month with a low draw down, in a real live account. My EA is not a martingale, nor does it multiple risk in any way. The EA trades 2 strategies and takes up to 2 trades at a time per pair, 0.01 lots per every $100 in the balance, and the max risk per pair is about 8%. Backtested over 5 years the EA is profitable in every Forex pair, in every market condition!
I designed this EA myself. It is not some piece of junk that I downloaded… I’ve purchased every hyped-up EA under the sun, and none of them worked for me. One big issue with commercial EAs is that they are too complex and overly backtested, something Forex traders call "curve fitting."
I’ve since realized that in-order for an EA to be profitable in forward testing, you need a simple strategy that is profitable in backtesting with all pairs by understanding and continually adapting to recent market conditions.
The key to accomplishing this is understanding that each currency pair is like a person, the market responds differently at different times of day, its actions depend upon it’s recent past actions, and all pairs have a personality. Once you get to the core of market personality, the money simply spills out.
My EA is recommended for 20 different pairs, and uses the same strategy in all pairs. The strategy is simple, it uses default indicator… Read more…