Free Forex Expert Advisor Robot

I got this email with a Free EA from my friend: ( it’s not my EA so support is very limited, try to DIY..)

Original text:

This EA is very simple; it doesn’t use any market indicators. The only condition it checks to decide the direction of the next position (buy or sell) is the random number – if it’s an odd number EA goes short, if it’s an even number EA goes long.

There are 6 input parameters to tune this expert advisor. Their default settings should be OK for the test GBP/JPY H1 chart, but you can toggle them as you wish to test your money management strategy as it is the only strategy that is applied to such random trading. Here is the list of the input parameters:

• Lots — the number of standard Forex lots to open positions for.
• Slippage — the acceptable price slippage.
• RandomEntryPeriod — the number of bars the EA will wait to open a new position.
• StopLoss — the stop-loss value in pips.
• TakePorfit — the take-profit value in pips.
• MaxPositions — the maximum number of the open positions at the same time. In MT5 version, this is used as the maximum volume of the position measured in Lots.

Despite its seeming uselessness the random Forex trading proved to be profitable on the backtesting performed in the strategy tester. So, if you want to try something new and original myRandom EA is a good choice.

This EA is using a Magic number to track the number of currently open orders for the selected currency pair. So it’s safe to trade with it on multiple currency pairs/timeframes in one account. the same currency pair in the same terminal instance.