When it comes to Forex trading, the world of Expert Advisors (EAs) is one that never ceases to innovate and improve. Among the latest in this lineup is the Constructor Simple MT5. This is a simplified version of the Constructor MT5, streamlining its features for easy use and optimization.
Unique Features of Constructor Simple MT5
One of the distinguishing characteristics of the Constructor Simple MT5 is its compilation of five separate EAs that operate simultaneously and independently. These include Bar trading, trading with iEnvelopes indicators, iMA indicator, iIchimoku indicator, and the iSAR indicator. Each strategy can be applied to up to four currency pairs.
Customization and Compatibility
It is designed to allow customization and accommodate specific broker-related variations. For instance, if your brokerโs currency pairs include suffixes or prefixes (e.g., #.EURUSD.ch), these need to be fully registered in the input data. Furthermore, several Constructor Simple MT5s can be installed on one trading account with varying settings, provided the condition Magic[i 1]>Magic[i] 5 is observed.
Performance and Optimization
Irrespective of the time frame of the chart it is installed on, the EA operates on the specified time frame in the settings. This allows for pre-testing in the โ1_Minute_OHLCโ mode before running the selected strategy in the โEvery_tickโ mode. If your softwareโs performance is low, testing in the โEvery_tick_based_on_real_tickโ mode may be challenging or end prematurely due to insufficient memory during symbol history loading.
Account Requirements and Leverage
The Constructor Simple MT5 operates optimally with a hedging account type and leverage of 1:100 or higher. Examples provided use a leverage of 1:500.
Input Data and Advisor Options
Input data for strategies is adjustable and can be seen in the screenshots provided by the broker โRoboforexโ. The advisor options feature an Auto_Lot, which is an automatic increase in the lot of the first order in the session depending on the balance. The Balance_For_Add parameter increases the lot by 0.01 every time it is used.
Customization and Control
Among the many adjustable parameters, users have the option to limit the maximum lot of the first order in a session to MaxLot/100. This is particularly handy when trying to control the risk level associated with each trade. Additionally, each block uses its own Magic_[i] = Magic_ NumberEA, which allows the user to control the usable range up to Magic_ 5.
Independent Testing and Community Engagement
For those interested in seeing the Constructor Simple MT5 in action, independent testing of this product is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. Share your experience using this product and interact with the community to learn more about its performance and potential.
FAQ Section
What is the Constructor Simple MT5?
The Constructor Simple MT5 is a simplified version of the Constructor MT5 Expert Advisor that consists of five separate EAs working simultaneously.
How many currency pairs can each strategy use?
Each strategy can use up to four currency pairs.
Can I install multiple Constructor Simple MT5s on one account?
Yes, you can install several Constructor Simple MT5s with different settings on one trading account, observing the condition Magic[i 1]>Magic[i] 5.
Where can I watch independent testing of this product?
You can watch independent testing of this product on the forexroboteasy.com website.
From this review, it is clear that the Constructor Simple MT5 is a product designed with simplicity and customization in mind. Its unique features and optimization options make it a viable tool for both novice and experienced Forex traders looking for an independent EA trading solution.
Write review