Money Management Metatrader 4 Forex Robot

The Money Management Metatrader 4 Forex Robot is an expert advisor that triggers buy/sell signal alerts using a money management strategy as its building block.

In essence, the forex robot uses a set of logic that is dependent on money management techniques.

It therefore relies on the effective manipulation of position sizes on varying trades to ensure an overall profit.

The expert advisor guarantees the modest and steady growth of position sizes alongside equity growth.

However, the Money Management EA has a default maximum lot (MaxLot) size value of 10, whereby positions can increase to.

Free Download

Download the “Tester_v0_15_.mq4” MT4 robot

Strategy Tester Report

Find below the Money Management robot strategy tester report for the EUR/USD forex pair on the 4-Hour chart.

Overall Performance

The EA made a total profit of $8866630.79 from a total of 546 trades. The largest winning trade generated $16800.00 in profits while the largest losing trade generated a loss of-$1258.69.

Statistics:

Bars in test: 16752 ticks modelled

Initial deposit: $10000.00

Total net profit: $8866630.79

Total trades: 546

Largest profit trade: $16800.00

Largest loss trade: -$1258.69

Consecutive wins: 18

Consecutive losses: 1

Download

Download the “Tester_v0_15_.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: UseMM, Risk, Lot, MaxLot, MinSignSum, PrintSums, TimeClose, BarsNumber, TakeProfit, StopLoss, Magic

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Money Management

Installation

Copy and paste the Tester_v0_15_.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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