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Price: $9.00
Expert: GLX-3.1Forse.mq4 (Unlocked – Source Code), NO MANUAL.
The GLX-3.1 Force Expert Advisor is a grid-based trading robot designed to rapidly increase a trading account’s balance, making it an appealing choice for those looking to “overclock” their deposit. It trades automatically by opening multiple buy and sell orders at fixed intervals, with the goal of taking advantage of small price movements to generate profits.
Key Features:
Advisor Type: Grid trading robot (does not use martingale).
Trading Time: Operates 24/7.
Timeframe: M15 (15-minute chart).
Currency Pairs: Works with any currency pair, but low spread pairs are recommended due to the number of orders it opens.
Minimum Deposit: $100 (cent account).
Take Profit: Fixed at 10 points per trade.
Stop Loss: Not used (the robot relies on grid-based strategy).
How It Works:
The GLX-3.1 Force opens buy and sell orders at set intervals. For each trade, it has a fixed take profit of 10 points. There is no stop loss, which increases risk but allows the strategy to work on small fluctuations in the market. The robot operates with high-frequency trading, aiming to double the deposit within a short period, though this comes with the inherent risk of a significant drawdown.
Risk Management:
While the robot has a high potential for profit, it can also lead to a deposit drain if the market moves unfavorably for an extended period. To minimize risks, the following steps are recommended:
Regular Withdrawals: After the robot has increased the deposit by 1.5-2 times, withdraw the profit to secure it.
Close All Trades at the End of the Day: This prevents negative swaps from accruing overnight.
Disable EA During Major News Events: Market reactions to news can cause large price movements, leading to a drain in your deposit.
Manual Trade Management: If the robot opens too many orders or the market moves against the trades, manually intervene to close the grid and prevent further losses.
How to Manage the Robot:
CLOSEALL Parameter: If the EA opens too many trades or you wish to exit, change the CLOSEALL setting to “true” in the EA’s settings. This will close all open trades.
Manual Order Management: After closing trades, turn off Auto Trading, manually delete any remaining orders, and withdraw your profit before starting the EA again.
Conclusion:
The GLX-3.1 Force Expert Advisor is an aggressive grid trading robot that can potentially offer quick profits but comes with high risk. It is important to manage the robot carefully, especially in terms of risk control and manual intervention, to ensure the deposit is protected.
GLX-3.1 Force Expert Advisor Settings Overview
The GLX-3.1 Force Expert Advisor comes with a variety of settings that allow users to optimize the trading robot based on their preferences and risk tolerance. Below is a description of each parameter:
Magic: A unique number used by the EA to distinguish its trades from others on the account.
Closeall: When enabled, this function closes all open trades.
Closelosses: Activates the automatic closure of all losing trades.
Lots: Specifies the fixed lot size used for trading.
MM: Activates money management, allowing dynamic lot sizes based on account balance.
Risk: Sets the percentage of the deposit to risk per trade when using money management.
Minlot: Defines the minimum lot size used when MM is activated.
Maxlot: Specifies the maximum lot size that can be used in trading.
Profit: Defines the profit size in points for the EA to take action (take profit level).
Loss: Indicates the maximum acceptable loss in points before action is taken.
Maxorders: Sets the maximum number of open positions allowed at one time.
Pipstep: The step between orders in points (used for grid-based trading).
hidesl: Hides the stop loss value.
hidetp: Hides the take profit value.
Atrperiod: Specifies the period for the Average True Range (ATR) indicator.
Atrtimeframe: The timeframe for the ATR indicator (e.g., 240 for H4, 60 for H1, etc.).
Atrshift: Defines the shift of the ATR indicator in points.
Slippage: Specifies the maximum allowable slippage in points when placing an order.
matimeframe, mafiltertimeframe: Timeframes for the Moving Average (MA) indicators.
maperiod1, maperiod2, mafilterperiod, trendmaperiod: The periods for different MA indicators used in the strategy.
maprice, mafilterprice: Defines the price to apply to the moving averages (e.g., Close, Open, High, Low, etc.).
mashift, mafiltershift: The shift of the moving averages in points.
Mafilter: Activates the moving average filtering function for the EA.
Damianifilter: Enables the Damiani Volatmeter indicator, which filters trades based on volatility.
Usecarmen: Activates the Carmens Eyes indicator.
summergmtshift, wintergmtshift: Adjusts for the difference between GMT time and the broker’s time, for summer and winter.
generalfilter: Activates a general time-based filter for trading hours.
starthour, startminutes: Specifies the start time for the EA in hours and minutes.
endhour, endminutes: Defines the end time for the EA in hours and minutes.
tradesunday: Limits or activates trading on Sundays.
fridayfilter: Limits or activates trading on Fridays.
fridayhour, fridayminutes: Specifies the time the EA should stop trading on Fridays in hours and minutes.
Important Notes:
If you do not fully understand a particular parameter, it’s recommended not to change it, as improper adjustments could lead to substantial losses.
After making changes, always test the settings on a demo account before using them on a live account to ensure the strategy works as intended.
