Forex Best Bot - Best Advisor?
Despite the stupid name (Forex best bot - literally »Best forex trading Robot ”), the adviser is quite interesting. You can say a ray of light in the boundless darkness of martingales and unreliable scalpers 🙂
Forex Best Bot Advisor Characteristics
Platform: Metatrader 4
Advisor Version: 1.4
Currency pair: EURUSD
Work time: round the clock
Recommended DC: Alpari
At the moment, the advisor’s demo test takes third place in the results in the Forex Peace Army rating, however, some transactions, judging by the reviews of the happy license owners, do not match. Nevertheless, the backtests of the Forex Ultimate Bot adviser look good and I see no reason why trading on a demo in this bot should be very different from the real one. There is no scalping that requires super-fast execution, as is the case with Millon Dollar Pips, it does not use a martingale that can lose the entire deposit at any time. So why the authors do not run the test on a live account, because it would contribute to sales? Very strange. Well then, let's take a look at the results of the adviser.
Forex Best Bot Demo Account Monitoring
Advisor History Test
(fixed lot 0.1, default settings, simulation quality 99%)
Description of Forex Best Bot Advisor Settings
Lots - fixed trading lot
MM - automatic risk management. When this parameter is enabled, the adviser will itself set the trading lot according to the formula: the value specified in Lots for every $ 1000 in the account. For example, if in Lots you have 0.1 and the account balance is $ 2000, then with MM the adviser will trade in lot 0.2.
In_buy - enable / disable advisor to buy
In_Sell - enable / disable advisor to sell
Aggg_level - level of trade aggressiveness (?)
F1, F2, Period_Filtring - settings for possible optimization of the adviser. If you do not know what you are doing, do not touch them.
Sl_bs - stop loss level
Stealthmode - secretive mode of the adviser when the values of take / stop are not sent to the broker's server, but are contained in the virtual memory of the adviser.
Recovery_Mode - mini martin. When you enable this add-in, the EA will double the lot after losing trades (doubling occurs only once)
TradeOnFridays - trading on Fridays. Disabled by default.
Modify_SL_TP - set true if you have an ECN or NDD account.
Modify_SL_TP_Seconds - if Modify_SL_TP is enabled, then this parameter can be set how many seconds after opening an order to add stop loss and take profit.