Description
Cube EURUSD is a biased trading robot that sells and buys at predefined hours on specific days. It goes long on Monday, Wednesday, and Thursday and it goes short on Wednesday, Thursday, and Friday. Every entry is filtered out by a specific condition that aims to reduce the false signals and increase the average win.
It works just on EURUSD timeframe H1.
Key Features
- Absence of dangerous algorithms.
- It works just when the bar is closed.
- Each order has a protective dynamic SL and TP level based on the current volatility.
- Easy to use, optimization not required, very few parameters.
Description of the Main Expert Advisor Settings
- Magic Number: self-explicative
- Fixed Lots: if this parameter is not equal to zero, the EA will open trades using this lot size. This parameter takes precedence over Max Risk.
- Max Risk: if this parameter is not equal to zero, the EA will open trades using a variable lot size, risking a fixed percentage of the account. For instance, if Max Risk is equal to 1.0, an order will be opened for X lots, but the stop loss will be around 1.0% of the account. Due to rounding and different calculations, the maximum risk cannot be exactly 1.0%, but it will be a number close to it (most of the time a bit bigger).
- GMT for Backtest: this variable is used just during the backtest. Please read below for instructions.
Backtest
If you want to back-test it, you can directly use open prices only since the EA is working with closed bars. Besides that, you need to set the variable GMT for Backtest with the time difference between UTC+1 and your broker time zone.
To do that you can do as following:
- Change your pc time zone to UTC+1 (Amsterdam, Rome, Berlin, etc.).
- Open your MT4 platform and look at the Market Watch time.
- Subtract Market Watch time from the UTC+1 time and use the value for the parameter GMT for Backtest.
Some examples:
- If Market Watch time is 10:54 and UTC+1 is 11:54 then GMT for Backtest is equal to -1 because 10:54 – 11:54 = -1
- If Market Watch time is 12:55 and UTC+1 is 11:55 then GMT for Backtest is equal to 1 because 12:55 – 11:55 = -1
- Etc.
NOTE:
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DISCLAIMER: Please read carefully before you decide to invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase, please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat in the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this, we recommend that you test the EA on your own broker account using many variations of currencies, time frames, and settings to make sure you experience favorable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products, you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.