FRPEA is a software program that operates on the FOREX market taking automated buying and selling decisions, based on technical analysis and statistical probability; it operates automatically without the need of any human intervention.
This robot uses 6 different strategies, 2 for scalping on Asian session, 1 for scalping on trend all day and 3 breakout strategies, all day also.
The currency pair used in trading is EURUSD (main robot).
The program operates with any broker, ECN included and recommended.
Dynamic Stop Loss and Take Profit.
Average win 25 pips, Average loss 24 pips, Winning percentage 61%.
Safety stop loss values for all strategies, between 50 and 200 pips, depending on the strategy used.
Dynamic lot size, automatically adjusted to the market conditions.
Optimized risk for each strategy, based on 17 years of backtests and 10 years of live trading experience.
High impact news filter for scalping strategies.
Lot sizing: anything lower or higher than optimal volatility will decrease the lot size calculated by the robot.
No trading if average daily range or(and) average short term range are higher than maximal limits.
Total Loss Close, the robot closes all open trades if the total loss exceeds 7% of the account.
3 X 7% (Total Loss Close) = less than maximum backtest drawdown.
3 X Max backtest drawdown = less than 50% of the invested account, using money management set to true.
17 years backtest using tickdata, real spreads, slippage, commission, swap and everything related to real trading.
Large Spread and slippage protection.
The most reliable currency pairs, tested on our own live accounts.
No martingale, no grid, no recovery mode, no trading over the weekend.
Money Management or fixed lots.
NFA compliance filter (FIFO / No Hedging rules), option-based.
Automatic GMT adjustment of the trading time.
It operates with 4 or 5 digits after the decimal point.
It operates with micro lots also.
It is specially conceived to be used with other Expert Advisors and it has special setting options for this.
Currency deposit - any
Recommended account of $1000 or higher, for the best performance.
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