Morfeus

Overview of Morfeus

Morfeus is a trading robot designed for the MetaTrader 4 platform. It is developed by the author "salavatyk" and is priced at $499. This expert advisor (EA) focuses on trading from support and resistance levels, utilizing proprietary indicators and a grid of orders with partial closing.

Key Features

Trades from support and resistance levels

Utilizes proprietary indicators

Includes a grid of orders with partial closing

Multi-currency support: EURGBP, GBPUSD, EURUSD, USDCAD, EURCAD

Timeframe: M15

Lot settings: Fixed lot (0.01) and lot multiplication coefficient (LotsMartinp = 1)

Trading Strategy

Morfeus employs a grid trading strategy with a focus on support and resistance levels. It uses proprietary indicators to filter trades and aims to capitalize on market rollbacks. The EA is designed to work with a minimum lot size, but for rollback currency pairs like AUDCAD, AUDNZD, and NZDCAD, an increased lot size can be used.

Settings and Customization

Lots: 0.01 (fixed lot)

LotsMartinp: 1 (lot multiplication coefficient)

Grid Level Settings: Configurable support line level (FirstNumberp)

MultiCurrency: Supports multiple currency pairs

Comment: Morfeus

User Experience and Reviews

Morfeus has received a rating of 5.0 and has one review. Users appreciate its robust trading strategy and the ability to trade multiple currency pairs with minimal risk. The EA's ability to partially close orders in a grid setup is also a highlighted feature.

Performance and Reliability

Morfeus is designed to be highly reliable, trading only from well-defined support and resistance levels. The use of proprietary indicators ensures that trades are filtered effectively, reducing the risk of false signals. The grid of orders with partial closing helps in managing trades efficiently, especially during market rollbacks.

Conclusion

Morfeus stands out as a robust and reliable trading robot for MetaTrader 4 users. Its focus on support and resistance levels, combined with proprietary indicators and a grid trading strategy, makes it a valuable tool for traders looking to minimize risk and maximize returns. With a high user rating and positive reviews, Morfeus is a noteworthy addition to any trader's arsenal. 🚀📈