“ Outro“ is an expert in automated “multi-symbol” trading that requires the trader to test on the pair of his choice and modify the entries according to his convenience. This Expert Advisor has been designed with non-optimized inputs, and uses a Martingale system for risk management.
https://www.mql5.com/en/market/product/94151
Requirements:
- Requires at least 1 GB of free RAM.
- Make sure you understand how MT5 Expert Advisors work. See the Metatrader5 user guide here: [Link]
Bug and errors:
- To provide an efficient solution to any problems or errors experienced with Outro, we ask you to provide us with detailed information. Please include a screenshot of your chart with corresponding orders (showing comments and magic number). Also, provide your Expert Advisor journal and logbook. With this information, we will be able to assess the situation and provide a timely solution. Please send all this information in a private message.
- If you don't have trades, review these steps:
- Make sure your MT5 is running 24/7.
- Check if you can read the enabled auto trading.
- Check if you have traded in the strategy tester with the same settings. If you don't have trade in the fitting room, change the file type and try again until you find the good one.
- Check the spread.
- Check the VPS daily log to see if there is an error.
- Wait at least 1 day to allow time to have a signal.
FAQ:
What type of account should I use?
- Low spread (RAW, ECN) You can choose any broker you trust. The less the spread, the better.
- Hedging account.
- It has at least 1:100 leverage.
How much do you earn per month?
- The monthly profit will always depend on the risk that the trader wants to use.
Which VPS provider do you recommend?
- You can use the VPS you like best, but the less latency it has, the better. I recommend latencies less than 200ms.
Are there limitations to using the expert?
- This EA will not work on accounts with overnight position transfers (closing and reopening by the broker). ALL SWAP ACCOUNTS ARE FINE.
- The EA must run on a VPS continuously.
Why do I get different results in the backtest?
- The quality of market data provided by your broker (varies from broker to broker).
- Each broker's swaps and spreads can have an impact on the results of the backtest.
Is backtesting the same as live trading?
- If you have high-quality data provided by the broker, yes, it is exactly the same as actual trading.
- Please make sure you have all the bars and ticks in the selected time, you can download them in “Symbols” (ctrl + U).
- If you want to learn more about how to use symbol and tick data, you can read [Link] [Link 2]
How do I do a backtesting test?
- If you want to learn more about how to use backtesting, you can use the Metatrader 5 information at [Link] [Link 2].
- Select a delay according to the type of stress you want to apply to the bot and the appropriate leverage for your broker.
Can I run alongside other experts?
- Yes, but make sure all your Expert Advisors have different magic numbers.
What if my account is in a currency other than USD?
- No matter what currency your account is in, Outro handles it automatically.
How to start the Expert Advisor?
- Run Outro only on a chart of your choice and only on the M5 time frame. Settings that affect automated trading are available in the Expert Advisors tab of the platform's options. And make sure the “AutoTrading“
![Auto Trading Enabled]( "Auto Trading Enabled")
button is enabled.
RISKS ASSOCIATED WITH FOREX TRADING
Trading foreign exchange (“Forex”) on margin involves high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, too, the high degree of leverage can act both against you and in your favor. Before you decide to invest in currencies, you should carefully evaluate your investment objectives, experience, financial possibilities and willingness to take risks. There is a chance that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to lose completely in the worst case. You should also be aware of all the risks associated with forex trading and contact an independent financial advisor when in doubt.
Leverage allows traders, using a relatively small amount of money, to take a position that is many times the initial investment. This leverage effect can work both in your favor and to your detriment. The Forex market opens up the possibility of using this leverage effect to a high degree; At the same time, however, it also opens up the risk of experiencing large losses. Trade with caution when using leverage on trades or investments. Your risk is not particularly limited to the initial investment, but you can quickly fall into a negative range in case of strong movements, which means that you may be forced to pay much more than your initial bet.
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