Forex Setka EA Description:

Setka Trader is an adviser for automatic currency trading which works without the usage of any forex indicators. The adviser uses Network strategy as a working principle. The adviser Setka Trader is very popular throughout the world but it is mostly claimed in the Russian speaking segment of the World Wide Web. The adviser’s work is based exclusively on mathematical algorithms. Setka Trader has works only with timeframes starting from M1 and higher. The minimum required trading lot is not less than 10000 units per 0.1 of a standard lot. The adviser is most effective and profitable with such currency pairs as EUR/USD, GBP/USD and AUD/USD. It is recommended to use Setka Trader for trading with such forex brokers as RoboForex, Forex4you and Exness. But a range of some other brokers is also compliant with the adviser. Setka Trader has shown the most accurate work and most effective transactions on the MetaTrader4 trading terminal, even with the default settings, but the adviser can be used with other trading platforms too. The average profit got with the adviser exceeds more than twice the amount of its drawdowns. Setka Trader contains rather a large number of settings and trading parameters, but an experienced trader will deal with its functionality without much effort.

The Expert Advisor sets the order grid. The orders are generated in both directions with a step that you can specify in trading robot’s settings. The number of rollback and trend orders can also be defined manually.

As soon as the total profit reaches the value specified in the parameters, all orders are closed, while unactivated ones are removed. The orders are re-opened right after closing. The lot is calculated automatically in the amount of 2-3% of the deposit. Also, the Expert Advisor considers swap when moving to a new day. The profit is calculated with swap.

The trading robot works with five decimal places.

If the number of decimal places is less than 5 (for example, in USDJPY), specify the appropriate step in the parameters.

All default parameters have been set after multiple tests. You can change them if you want.

The Expert Advisor can send notifications or emails to a specified address when opening or closing orders.

Parameters:

• Lots=0.0 – lot size. If 0.0, the size is calculated automatically.
• Symb=”*” – symbol.
• PerRisk=3 – initial lot size as a percentage of the deposit.
• PerProfit=50.0 – total profit. 2-3% of the deposit.
• Orders_limit=3 – number of rollback orders.
• Orders_stop=3 – number of trend orders.
• Step_limit=0.0016 – rollback order step.
• Step_stop=0.0008 – trend order step.
• Slippage=3 – slippage when opening orders.
• MsgAlerts=true – displaying messages.
• eMailAlerts=false – sending messages to an email address specified in the terminal settings.