Gainer MT4

In this review, we delve into the specifics of Gainer MT4, a mean reversion range Expert Advisor (EA) optimized for major and cross currency Forex pairs.

Optimized Forex Pairs

The Gainer MT4 EA has been designed to work optimally with major Forex pairs such as EURGBP, EURUSD, USDJPY, GBPUSD, AUDUSD, AUDJPY, EURJPY, and USDCAD. The live performance of this EA can notably be observed with the USDCAD and EURGBP pairs. The EA’s performance optimization has been undertaken and may continue to be adjusted in the future for these specific pairs.

Trading Timeframe and Broker Timezone Settings

For optimal operation, the Gainer MT4 should be set on the M15 timeframe as trade signals are examined on this timeframe exclusively. If the chart timeframe is higher than M15, the EA may skip some deals. The broker’s timezone settings are also crucial. The EA operates on a “Winter UTC offset, hours” for the winter offset and a “Winter/summer changes schedule” for the server DST shift. This is set to UTC 2/ 3 winter/summer by default, which is valid for most brokers.

Risk Settings and Spread Control

Volume inputs such as “Money management” and “Value for Money management” dictate the risk settings. The EA can hold up to 2-3 trades most of the time, and the maximum simultaneous trades allowed can limit the risk explicitly. An “Enable spread control” feature is also available, which prevents trading if the current spread exceeds the “Max allowed spread” value.

Stops, Targets, and Breakeven

Initial stop-loss and take-profit can be set in pips or percents of the current price. Additionally, if the “Enable breakeven” feature is on, once a certain profit is reached, the stop-loss will be dragged to the trade open price level. The EA also offers a “Trail” feature, which, when enabled, checks the distance between the current price and stop-loss upon reaching a certain profit.

Backtesting and Support

Backtesting with the “Open prices only” mode can be performed, which is faster than the “Every tick” mode with essentially similar results. However, it’s important to note that neither tester nor past live performance ensures future results. In case of queries regarding the EA’s work, installation, and settings, users can send a personal message for support.

FAQ

Where can I watch independent testing of this product?

Independent testing of the Gainer MT4 can be found on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.

Can I share my experience of using this product?

Yes, users are encouraged to share their experiences of using the Gainer MT4.

This review is an independent analysis of the Gainer MT4 and does not represent any personal endorsement or affiliation with the product. The Gainer MT4 is a third-party product, and all the views expressed in this review are based on objective analysis and user experiences.