XT EURUSD EA 5.9
The robot uses the Pending system, which is visible in the tester, and we have optionally included
an additional system (this additional system is optional). We know that there may be times when
pending system does not open any positions because there are no conditions for this. We
recommended to run the robot on a Demo account for at least two or three weeks, check all its
functions, and then move it to a Real account when you're sure how it works.
Pending system
You can add your own comment, which will be shown on the order
If you change "true" to "false," the pending system is turned off
Fixed lot for pending system. If you preferred to set fixed lots for the pending system, simple
change the fixed lots parameter for any value for example 0.01 and Risk Percent for 0. Fixed lots
do not work when risk percent is used.
The Risk percent sets lots for pending orders based on the risk, and you can change it to any value.
BreakEvenTrigger - Breakeven is the point at which your trade neither makes nor loses money. By
default, it is set to 5 pips, but you can change it to any value you want. You are not required to
change it if you do not wish to, this feature is reserved for more experienced traders.
BreakEvenTo - at what level from the opening price we set BE. By default, it is set to 3 pips, but
you can change it to any value you want.
Identification number for trades opened by the strategy
PendingOrders24 - If you set this parameter to "true," the EA will open pending orders for 24
hours; if you set it to "false," the EA will work from 08:00 to 22:00.
You can use the pending system on EURUSD, GBPUSD, USDJPY, and USDCAD, H1 timeframe. The
news filter doesn't work with this system because the pending system works best when there are
big movements in the markets.
Important:
This is a system that activates pending orders and, if the conditions are met, they are executed in
the market, which can be seen in the tester that there are a lot of positions but only during fast
and big moves. If there are no significant movements, the order is cancelled. Furthermore, in
order to execute such fast orders, you must have very fast connections in MT4-MT5, as well as a
good broker. Please also remember that the real market is different from the MT4 or MT5 testers.
In the real market, there are slips, requotes, important news, no connection to the platform, time
to create a candle, etc. Moves of 10–30 pips during the day might not be enough to fill all orders.
EA measures the strength of the movement and bases the pending orders on it. If the movements
are small, it launches the pending orders, but it cannot implement them because the conditions
are not met. That's why we added an extra system to avoid situations where no conditions are
met to complete the order. The pending system will be constantly improved in order to achieve
the greatest number of active market orders possible.
Parameters of an additional system - it is optional
If you don’t want to use this additional system, change "true" to "false"
Three modes to select the risk, low, medium, and high. If you a select Low EA will be open only
one position with TP-SL set to 8 pips. With Medium risk, the EA opens 5 positions per pair and with
High risk a maximum of 15.
maximum number of positions that an EA can open for each pair
10 pips, distance for opening new position
total profit from all open positions, where 10 is the currency ($10, €10 or other account currency)
the take profit is only for the position, and it is 8 pips
stop loss in only for the first position with low mode
stop Loss for all positions, 100 = 100%, example if you set 10, the EA will close all positions with a
loss of -10% of the balance. The value of % Stop Loss must be set by each user because this is the
maximum loss he wants to incur, and everyone should evaluate it based on his experience and the
risk he wants to take.
If 0.0 is set, the function is disabled. This function works in such a way that if you enter, say, 50, it
is expressed as a percentage and you a have set 20 in "Ordersprofit" parameters, i.e., $20, or other
account currency, EA will close all positions with $10 (because is 50% of the value). You are not
required to use this feature if you do not wish to, is optional.
trading hours are 8:00-22:00 server time, with the exception of Friday, which is only until 20:00
We recommend starting the EA in London for the first time because it works best in a London-toNew York session and will continue its cycle on these and other sessions later.
NewsFilter (true) – activation of news filter for blocking new trades (false, disable it)
doNotTradeBefore and doNotTradeAfterInMinutes – minutes before and after the news during
which EA cannot place new trades
Report For USD and EUR (true is active) - choice of the currency for which the news are included in
the filter
AllowTradingOnHolidays- when news filter is active (true), this function allows to open new trades
from new cycles during holidays or block new trades (if false)
FindKeyword – activation of function to detect only news with chosen keywords included in the
name (true active it)
FindKeywordList (text) – list of keywords which must be included in the high impact news to give
news filter signal
Example: if FindKeyword is false, filter will be working for all important news (high).
If FindKeyword is true, and FindKeywordsList is set as “ECB, FOMC, Fed” filter will look for only
high impact news, with any of chosen keywords in their name ECB, FOMC, Fed and here you can
add a list of important news that you want to be blocked, add each event after a comma.
Additional automatic Stop Loss during important news (% of Balance) - This is a separate
parameter in which you set a Stop Loss that will work 60 minutes before and 60 minutes after
important data and will handle positions that were opened before the important data. We have
set this additional Stop Loss to 100 = 100%, but you can change it to any value. This way, the risk is
minimized, and EA will automatically go back to the main Stop Loss setting after 60 minutes since
important data.
If 0.0 is set, the function is disabled. This function works in such a way that if you enter, say, 30, it
is expressed as a percentage and you a have set 10 in "Ordersprofit" parameters, i.e., $10, or other
account currency, EA will close all positions 60 minutes before important news, with $3 (because is
30% of the value). You are not required to use this feature if you do not wish to, is optional.
if you set the parameter to true, the EA will close all open positions at 22:00.
With this parameter, you can specify whether the daily target should be set in currency or
percentage, and then enter the appropriate value in the DailyProfitTarget field below. You are not
required to use this feature if you do not wish to, is optional.
If the value 0.0 is specified, the function is disabled. This feature works in such a way that if you
select, for example, currency in DailyProfitTargetMode and enter 50, it will mean $50 or another
currency of your account, and once EA reach $50 of this daily profit, the EA will stop working until
the next day. Keep in mind that because EA must calculate positions every day, these extra
calculations may slow down its work. You are not required to use this feature if you do not wish
to, is optional.
The MaxSpread 3.0 (is 30 points) parameter provides additional security and can be changed at
any time. If your account has a spread of 1.7, simply change the maximum spread to 2.3 in the EA
parameters, and the EA will not open the position because spreads increase before important
news in any account (If your account has a spread of 1.0, change the parameter to 1.6, always
adding + 0.6 more).
0.02 lots are only applicable to the first positions
lots step 0.01 is for second positions, the next one will be opened with 0.03 lots
slippage of 2.0 pips is the maximum allowable slippage for opening positions
identification number for trades opened by the strategy
Panel buttons
With these three buttons, you can close positions with a profit, a loss, or all positions. This is a
feature that some of our users have asked for, is not required in order to use the EA properly
(optional). If you manually close some profitable or losses EA positions, he will open new ones
with a bigger lot because the positions you closed will be missing from the cycle, and the robot will
want to continue its cycle. Only use these buttons in an emergency. These buttons can be used for
both, pending system and additional system.
How to run the additional system?
Place the robot on the EURUSD chart in the H1 timeframe and configure it as follows:
Lots: here are some examples of how to do so, of course, you can choose another size.
Orders profit: set as shown below in our example.
Max spread: If you have a EURUSD spread on your account, for example, 1.0 pip (in your account
show the value in point, example 10 points), set this maxspread to 1.6 in the EA parameters,
always adding 0.6 to the current value.
Stop at Loss (%of Balance): The final change is Stop at Loss, which is expressed as a percentage as
described above and is set individually by each client, because this function works like risk
management, if you enter, for example, 10, when the value in open positions drops to -10%
balance to EA will automatically close all positions. The value of % Stop Loss must be set by each
user because this is the maximum loss he wants to incur, and everyone should evaluate it based
on his experience and the risk he wants to take.
Examples for additional system:
Timeframe H1, EURUSD, minimum deposit 1000
Deposit 1000, lots 0.02, orders profit 10
Deposit 2000, lots 0.03, orders profit 15
Deposit 3000, lots 0.04, orders profit 20
Deposit 5000, lots 0.06, orders profit 30
Deposit 10 000, lots 0.12, orders profit 60
Deposit 20 000, lots 0.20, orders profit 100
If you have a higher spread of 2.0 pips (20 points) in your account, please change the following
parameters:
Orders step: 9
Take profit: 9
Maxspread: 3.0
In terms of the initial deposit size, we recommend depositing more than what is specified in this
manual. This is a suggestive deposit, and having freer margin is always safer.
How to activate the calendar in MT4-MT5?
From the Tools tab at the top of MT4-MT5, select Options and Experts Advisors. Next step is to
select "Allow automated trading" and "Allow WebRequest for listed URL", and then click +add new
URL to add the new URL to the list. To finish, press OK in the window.
Copy and paste URL into the box: https://nfs.faireconomy.media
New update 7.0
We'll start working on 7.0 version on 1 Abril 2023
�7.0 version which will feature a most important update�
✅advanced risk management
✅news filter for GBP, JPY, CAD, AUD
✅pending orders improvement (more market orders completed)
✅additional TP-SL in EA parameters: separate stop loss and take profit for each position
✅after rebuilding the entire system, two systems will be able to be tested in the tester, one at a
time and manage them individually
✅will be prepared the multicurrency version, additional filters will be included, and you will be
able to use this EA with three other currency pairs: GBPUSD, USDJPY, and USDCAD + (EURUSD),
total 4 pairs
✅maximum daily drawdown, example you set 20 (-$20 or other currency and when it is reached,
the EA will close the position)
Some of these features will be added in future versions until the 7.0, so 7.0 may have completely
different features. Don't worry, we will work with you to develop this product. Please send any
suggestions to info@mqlblue.com, and they will be evaluated by our team, thank you.
XQ FOREX ROBOT
XQ Forex Robot, multicurrency EA with various functions such as Take Profit, Stop Loss, Trailing
Stop, Risk management, No grid, No martingale and much more... The robot will be made based
on the XQ Forex Indicator, only medium and long trends. The XQ Forex Indicator can be used on FX
pairs, CFDs, and Cryptocurrencies. There are two types of signals: Buy or Sell and Big Long or Big
Short. If you want to be on the list of people who get the XQ Forex Robot for Free, send a message
to info@mqlblue.com
XQ Forex Indicator version for MetaTrader 4 https://www.mql5.com/en/market/product/90813
XQ Forex Indicator version for MetaTrader 5 https://www.mql5.com/en/market/product/90814