MeetAlgo Rebate Trading EA is an automatic trading robot, a high-frequency grid trading system. EA performs a great number of trades allowing it to make a profit not only from the Forex market but also from receiving rebates (returning part of a spread). Since the security margin for a locking position is about 25-50% (depending on the broker), Rebate Trading EA works in two directions simultaneously in case the appropriate signals are present.
It uses both grid and hedging advanced mathematics strategy, so it will work in both ranging and trending markets. This EA uses a basket profit system for the exit with safe martingale settings and uses a dynamic system for taking profit and controlling risks. The EA opens many trades, and for additional profit, it is recommended to enable rebates.
It is a tool for rebates and not ONLY as except the rebate you can grow also your capital too.
Live Signal:
Signal 1
Features:
- Easy to use.
- The advanced grid system can work both ranging and trending market
- Works for ECN/Non-ECN brokers
- Implements a martingale features
- Filter trading by forex sessions
- Built-in money management
- Built-in news filter. EA automatically downloads news data from the news website.
Input Parameters:
- TRADE MANAGEMENT
- StopEA – If true, EA will not open any new initial trade, but it will keep managing the existing cycle trade.
- Initial Trade Type – Select the initial trade type.
- Trade Side – Select trade side.
- LOTS MANAGEMENT
- Initial Lots Type – Select initial lots type.
- Fixed Lots – Put your fixed lots.
- XBalance – The lot will increase based on the XBalance amount. Calculated as (Your Current Balance/XBalance * LotsizePerXBalance = Your current lots size).
- LotsizePerXBalance – Lot size of XBalance.
- GRID CONFIGURATIONS
- Grid Lots Type – Select grid lots type.
- Add Lots – Add lots, it will add lots with previous lots.
- Multiple – Put Multiple values.
- Max Lots Size – Set max lots value, 0-mean disable.
- Initial Grid GAP – Initial grid-gap in points.
- PROFIT & LOSS SETTING
- Basket Profit in Currency – Set basket profit. It will record all closed trade profits when your current profit + history profit >= Basket Profit, EA will close the current cycle.
- Basket Loss In Currency – Set basket loss. Same as basket profit work.
- STOP TRADING FILTER
- DailyMaxTrade, WeeklyMaxTrade, MonthlyMaxTrade – Set max trade, EA will stop when max trade reach. 0-mean disable
- DailyProfitTerget, WeeklyProfitTerget, MonthlyProfitTerget – Set max profit, EA will stop when max trade profit is reach. 0-mean disable
READ THIS BEFORE BUYING THIS EA
- EA will not work in Netting Account, Only work Hedge Account
- EA Work with history data, So when you run this EA make use you select “All History
- Go to History Tab
- Click right button and select “All History”