This Expert Advisor is based purely on usage of 5 important indicators. And its basic design is to use MA to determine market conditions and bracket the current price with a STOP and LIMIT order to profit in that direction.
You may select/change the capability of NextGen Robot to place just a BUY trade or a SELL trade instead of STOP and LIMIT trades to start its trading routine.
If the direction is long, BUYS are used to take profits. If the trend reverses, BUY LIMITS are hit and profits taken on the reversal. If the direction is short, SELLS are used to take profits. If the trend reverses, SELL LIMITS are hit and profits taken on the reversal.
Characteristics of the EA “NextGen Robot”
Platform: Metatrader 4
Currency pairs: any, preferably EURUSD, GBPUSD, NZDUSD, USDCHF, AUDUSD, USDJPY
Timeframe: any, preferably M5
Working hours: around the clock
Recommended brokers: You can use it on any broker.
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