Forex Best Bot - the best expert advisor?

Despite the silly name (Forex Best Bot literally "The Best Forex Robot"), the expert advisor is quite interesting. You could say it is a ray of light in the pitch darkness of martingales and unreliable scalpers :)

Features of the Forex Best Bot expert advisor

Platform: Metatrader 4

Expert advisor version: 1.4

Currency pair: EURUSD

Timeframe: H1

Operating time: Around the clock

Recommended brokers: Alpari

At the moment, the EA's demo test ranks third in the Forex Peace Army ratings, although some trades, judging by reviews from happy license owners, do not match. Nevertheless, the backtests of Forex Ultimate Bot look good and I see no reason why demo trading for this bot should differ greatly from live trading. There is no scalping here that requires ultra-fast execution as in the case of Millon Dollar Pips, and there is no martingale that can lose the entire deposit at any moment. So why won't the authors launch a test on a real account, if that would help sales? Very strange. Well then, let's take a look at the expert advisor's results.

Forex Best Bot demo account monitoring

Historical test of the expert advisor (fixed lot 0.1, default settings, 99% modeling quality)

2007-2011

Lots - fixed trading lot

MM - automatic risk management. When this parameter is enabled, the expert advisor will set the trading lot itself according to the formula: the value specified in Lots for every 1000$ in the account. For example, if Lots is set to 0.1 and the account balance is 2000$, then with MM enabled, the expert advisor will trade with a lot of 0.2 .

In_Buy - allow/prohibit the expert advisor from buying

In_Sell - allow/prohibit the expert advisor from selling

Aggr_Level - trading aggressiveness level(?)

F1, F2, Period_Filtring - settings for possible optimization of the expert advisor. If you do not know what you are doing, do not touch them.

Sl_bs - stop-loss level

StealthMode - stealth mode of the expert advisor, when take-profit/stop values are not sent to the broker's server, but are kept in the expert advisor's virtual memory.

Recovery_Mode - mini-martin. When this add-on is enabled, the expert advisor will double the lot after losing trades (doubling happens only once)

TradeOnFridays - trading on Fridays. Disabled by default.

Modify_SL_TP - set to true if you have an ECN or NDD account.

Modify_SL_TP_Seconds - if Modify_SL_TP is enabled, this parameter can be used to set how many seconds after opening an order to add the stop-loss and take-profit.