In the world of Forex Trading, Constructor Simple MT4 has made its mark as a comprehensive Expert Advisor. This Forex Trading Software is a simplified version of the Constructor MT4 Expert Advisor and comes with an array of features designed to facilitate and optimize Forex trading.
Unique Features of Constructor Simple MT4
The Constructor Simple MT4 is a Forex Trading Tool that comprises five separate Expert Advisors. These individual advisors operate simultaneously, yet independently, bringing a multi-dimensional approach to Forex trading. They utilize different Forex strategies to optimize trading by focusing on Bar trading, iEnvelopes indicators, iMA indicator, iIchimoku indicator and the iSAR indicator.
By reducing the number of input parameters to a minimum, the Constructor Simple MT4 simplifies the user experience and allows for easier optimization.
Entrance and Exit Strategy
The Constructor Simple MT4 relies on indicators for entry signals, which can be visually inspected. The exit strategy, on the other hand, is guided by TakeProfit. The tool is designed for a hedging account type and requires a leverage of ≥ 1:100. However, it can operate optimally on leverage of 1:500, as demonstrated in examples provided by the broker, Roboforex.
Customizing the Constructor Simple MT4
The Constructor Simple MT4 allows for customization based on currency pairs. Parameters can be selected through optimization, offering traders flexibility and control over their Forex strategies. This makes the tool adaptable to the ever-changing trends in the Forex Market.
Advisor Options in the Constructor Simple MT4
The Expert Advisor options in the Constructor Simple MT4 are designed to enhance automatic trading. They include features like Auto_Lot, which increases the lot of the first order in the session based on the balance. The trading tool also allows users to set limits on the lot of the first order in a session, which is particularly effective if Auto_Lot is disabled.
Each block in the tool has its own unique magic number, with the usable range reaching up to Magic 5. This allows each trading strategy to operate independently while contributing to the overall goal of the session. The tool also enables traders to set the timeframe for the EA to trade, the minimum number of pips between orders, and the minimum number of consecutive bullish or bearish bars to open a position.
FAQs
1. What is the Constructor Simple MT4?
The Constructor Simple MT4 is a Forex Trading Tool that includes five separate Expert Advisors. These advisors work independently but simultaneously, using different Forex strategies to optimize trading.
2. How does the Constructor Simple MT4 work?
The tool relies on indicators for entry signals and uses TakeProfit for exit signals. It is designed for a hedging account type and requires a leverage of ≥ 1:100.
3. Can the Constructor Simple MT4 be customized?
Yes, the tool allows for customization based on currency pairs. Parameters can be chosen through optimization, giving traders flexibility and control over their Forex strategies.
4. What are the advisor options in the Constructor Simple MT4?
The advisor options in the tool enhance automatic trading. They include features like Auto_Lot, which adjusts the lot of the first order in the session based on the balance.
For independent testing of this product, users can visit the forexroboteasy.com website. Subscribing to updates on the testing results of this product is also possible. We welcome the sharing of experiences from users of the Constructor Simple MT4 to further enrich our understanding of this tool.
This review has been independently produced, focusing on the features and functionalities of the Constructor Simple MT4. It does not endorse or promote the product but seeks to provide clear and neutral information about the tool.
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