The Forex Megabot is one of the most outstanding Expert Advisors for the trading station Metatrader4. You can use this system to trade the pair USDCAD in the time frame M15. As it usually trades 22 GMT and 23 GMT it can be called a Pre-Asian-Session-Scalper. This system uses fractals to find out the direction of the price. It consists of a low Stop-Loss/Take-Profit ratio depending on the setting with a Stop-Loss of 50 and a take-profit ratio is around 6 out of 8.
forex-megabot-ea-review
Click Here to Download A GREAT Trading Tool and Strategy For FREE
Opposite to a lot of EAs on the market the Megabot has a lengthy history of profitable live forward tests. You can observe that the EA trades more often, and the profit is somewhat larger with the High-Frequency option, but the draw down is as well somewhat larger. You will decide you want to use this feature or not. Using default settings, you will have a Sl (= Stop Loss) of 50 pips and a TP (=Take Profit) of 8 pips.
You are most welcome in our blogs and feel free to leave your valuable comments and suggestions.