FXMachine EA

Advantages and features:

FXMachine was developed based on simplicity and versatility,  FXMachine has the following advantages:

• Compatible with any broker and does not require special conditions for working. Trade with the broker that is convenient for you.

• Has an advanced drawdown control system that calculates StopLoss for all orders in such a way that it does not exceed a drawdown level you specify. It is much safer than monitoring a drawdown of all orders in the market with "manual" closing (market closing) of orders in case of reaching a drawdown.The method does not depend on the quality and stability of the connection with a broker.

• Setting up the robot for both beginners and professionals. If you are a beginner or just don't want to study the settings of the robot, then you only need 2 clicks to set it up—specify the drawdown limitation in percentages and click the "OK" button. And the robot will do everything for you according to the parameters prepared and tested by us. If you want more control over trading or make your own adjustments, then there is a section for manual settings in the EA, where you can set up everything yourself to meet your requirements, or even develop your own optimization of the parameters.

• Programmed for 4 currency pairs: USDCAD, EURGBP, GBPUSD, and EURUSD.  FXMachine is a multi-currency robot and has quite a universal principle of operation, so it can be optimized for any currency pair.

• Troubleshooting and recommendations for backtesting:

  • SPREAD. By default, the strategy tester in MT4 and MT5 sets the spread for testing as Current. In this case, it simply uses the value of spread that is currently in the Market, which can lead to an erroneous result on backtests, especially during weekends, because at that moment when the Market closes the spread can jump to 100-200 points (10-20 on 4 digits) and stay that way for the whole weekend. We recommend manually specifying a value of spread, which is an average usual for a pair being tested.
  
  
  • LEVERAGE. Not everyone knows, but the strategy tester uses a leverage of the account that is currently logged into MT. That is, if a leverage of your account is 1.200, then the backtest will be made with an emulation of the leverage of 1.200. To test FXMachine, we recommend using a leverage specified in the recommendations above or setting it to 1.500, so there would be no problems due to low leverage under any testing conditions.
  
  
  • LOSSES AT THE END OF BACKTEST. If a backtest is made for a long period of time or with a large starting deposit, then it could lead to the fact that at some point the maximum values of the possible lot will be reached (each broker has its own value). It will lead to losses and “steps down” on a graph, since the strategy will not be able to open a required lot for its order and it will lead to lost profit, which should have compensated for a previous loss. If this happens, we recommend either using a manual lot (in the AutoSettings parameter specify Use Manual Lot), or reducing the starting deposit, or considering an option of testing for a shorter period of time.