The world of Forex Trading is growing rapidly, and with it, the demand for reliable and efficient trading advisors. One such product that has gained attention is the Smart AI MT4. This unique trading advisor, designed to automate forex trading, operates in two distinct modes – “Standard” and “Expert”. Here, we delve into the details of this product, offering a comprehensive review for potential users.
Operational Modes of Smart AI MT4
The Smart AI MT4 operates in two modes, each designed to suit different trading needs. In the “Standard” mode, the Expert Advisor (EA) operates with simplicity. The AI analyses the fluctuations in the price chart, identifying favorable points of entry into the market. In this mode, the Stop Loss, Take Profit, and Trailing Stop levels are fixed, based on the values specified in the input parameters.
On the other hand, the “Expert” mode offers a more complex approach. Here, the AI analyses and considers the values of several indicators in addition to price fluctuations. These indicators assist in determining the best point of entry into the market. It’s important to note that the Stop Loss and Take Profit levels in this mode are floating, and depend on recent price extremes and channel width.
Supported Symbols and Parameters
Smart AI MT4 supports AUDUSD and USDJPY symbols, with the preferred timeframe being H1. The maximum order size that the advisor can handle is 0.1 lots. The parameters that can be adjusted in this trading advisor include instruments (currency pairs to trade), order size definition method, fixed order size, and the percentage of the deposit. Additionally, users have the liberty to select the regime of the EA’s work, and whether to use various indicators such as RSI, RVI, ADX, MACD, CCI, Alligator, and Ichimoku. It also allows the adjustment of the trailing stop size, take profit size, and stop loss size.
The advisor also offers flexibility with open orders on Friday evening, with the parameter “Close orders on Friday” determining the EA’s behavior. Other adjustable parameters include max spread size, use of the EA’s graphical interface (GUI), GUI font size, order comment, and orders ID.
Testing and Updates
Prospective users of the Smart AI MT4 can view independent testing of this product on the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available. This provides transparency and allows users to make informed decisions before investing their time and resources.
Sharing Experiences
Users of the Smart AI MT4 are encouraged to share their experiences. This not only helps prospective users make informed decisions but also contributes to the improvement and evolution of the product based on real-world usage and feedback.
FAQ Section
Does the “Standard” mode use any indicators?
No, in the “Standard” mode, the indicators are not activated. Therefore, enabling or disabling them does not affect the operation of the Expert Advisor.
What currency pairs does the Smart AI MT4 support?
This trading advisor supports AUDUSD and USDJPY currency pairs.
Can I adjust the order size in Smart AI MT4?
Yes, users can adjust the order size. They can choose the type of calculation for the order size and also specify the size of the orders as a percentage of the deposit.
It’s important to note that this review is an independent analysis of the Smart AI MT4, and it’s advisable to consider various sources before making a decision. Remember, the world of Forex Trading offers a variety of opportunities, and finding a tool that suits your specific needs is key to successful trading.
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