Free Yellow EA – Best Free Forex Trading Robot
Table of Contents
The free version of the Yellow multicurrency Forex Robot works based on short-term changes in the trend, creating the price “corridor” set in the parameters. Trading is carried out at the external borders of this corridor by opening positions in different directions with different lot sizes. This achieves a very high probability of closing positions in profit.
Yellow Free is intended for trading any currency pair on the H1 timeframe.
Not martingale, not arbitrage.
Free Yellow EA – Parameters
- EAMagic10 – EA's magic number. “Internal” magic numbers are also used: 5485574, 5485575, 5485576, 5485577, 5485578, 5485579, 5485580, 5485581, 5485582.
- StrategyBlock2 – can be set to true or false. If true, the EA uses the 2-nd block of strategies.
- DD – maximum allowed drawdown.
- CommentOfOrder – comment to orders. Can take any value.
- TakeProfitInPoints – take profit in points.
- TrailingStop – trailing stop in points.
- LotMult2way – lot multiplier for the next opened position.
- MaxPriceCorridor – value of the price corridor in points for Yellow Free to open positions.
- PipsOfIncrement – expansion of the price corridor when exiting an unprofitable position.
Features of free version of Yellow EA:
- One of trading strategies blocks is disabled.
- Changing of trading lot is not available, the EA trades the 0.01 lot.
- The Stop Loss can not be set automatically.
- New positions will be opened only if there are no open positions on the trading account on other currency pairs.
For the EURUSD pair, the recommended settings are set by default.
The settings for other currency pairs are provided in the testing screenshots.
Recommended broker – any 5-digit broker.