Thorex MT4

The Thorex MT4 is a sophisticated Forex Software designed to enhance trading profits by providing expert advisor capabilities. This platform was created with a focus on the Forex Market and provides a robust environment for automated trading. The tool incorporates a range of forex strategies, risk management techniques, and a user-friendly trading platform.

Unleashing a Master Expert Advisor in the Forex Market

Thorex MT4 stands out with its master Expert Advisor (EA) feature, which is essentially a compilation of 15 separate EAs in one. This gives users the flexibility to run any combination to create a personalized portfolio and manage risk effectively. The strategies trade independently, can be switched on and off, and have uncorrelated daily profits/losses.

Achieving Trading Profits with High Precision and Control

Thorex MT4 has been developed on 35 years of historical data, from 1986 to 2022. Additionally, it has been backtested on individual tick-data from various brokers for recent years. The platform assures a combined return/drawdown ratio of more than 400, and portfolio combined equity growth stability is above 99%. Furthermore, the combined maximum stagnation is less than 90 days in 35 years.

Unique Features that Enhance Automated Trading

The software resists night scalping, martingale, grid, entry averaging, and “recovery trades”. Remarkably, one trade at a time per system is allowed, and each trade is secured by a tight stop loss of just 17 to 88 pips. Thorex MT4 also offers free ongoing maintenance and updates via MQL5 for the best performance.

Effective Risk Management and Broker Recommendations

Thorex MT4 recommends a minimum account balance of $250 or its equivalent. The platform suggests a minimum recommended leverage of 1:30 and presents adaptable risk modes, such as “Fixed Lots”, “% Risk per Trade”, and “Lots per 1000 Balance”. It is recommended to use “Lots per 1000 Balance” with a setting of “0.02” and a starting balance of $1000. This setting equals approximately 140% average yearly gains at 15% average drawdown. IC Markets or another low spreads broker are recommended, especially for the minor pairs.

FAQ

Q: What are the steps for setting up the Thorex MT4 software?
A: Simply attach the EA to one H1 chart, configure the risk modes, and enable/disable the strategies you wish to trade.

Q: How can I add a suffix if my broker uses one?
A: If your broker uses a suffix like EURUSDa, EURUSD.i, you can add it in the Global Symbol Suffix section (e.g., “a” or “i” in the example cases).

Q: Can I add a custom order comment to my trades?
A: Yes, you can add your own comment to the comment field of each trade. Otherwise, the software logs the spread/bid/ask at the trade open.

Q: What is the recommended lot sizing method?
A: The recommended lot sizing method is “Lots per 1000 Balance”.

For those interested in this forex software, independent testing of Thorex MT4 is available on forexroboteasy.com. Subscriptions for updates on the results of testing this product are also available on the website. We invite users to share their experiences of using Thorex MT4. It should be emphasized that this is an independent product review.