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NextBot EA

120 USD

Demo downloaded: 164

Published: 2 March 2024

Current version: 3.41

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Overview
Reviews (3)
Comments (20)
What's new

NextBot EA

Experts
Luca Cerquatelli
Version: 3.41
Updated: 9 January 2025
Activations: 10

For the launch of NextBot scalper v3 the price will increase by $30 every 10 copies sold, reaching the final price of $499! Take advantage of this unique opportunity to try this brand-new EA!

LIVE SIGNAL ON REAL ACCOUNT ----> A bot that shows a real-time signal is far more reliable than any backtest!

N.B. The new version 3 of NextBot scalper is Multicurrency (EURUSD, USDJPY, EURCHF) and operates on an M5 timeframe.

----------------------- DESCRIPTION -----------------------

New type of multicurrency scalper EA based on Linear Regression, a primary category of machine learning.
It also uses an advanced trailing stop and a virtual take profit. Does not use martingale or grids, every order comes with a stop loss.
Linear regression in forex is a classic example of supervised learning. In supervised learning, an algorithm learns from a training dataset that contains both input variables (independent) and output variables (dependent).
The goal is to develop a model that can predict the trend of the dependent variable based on new instances of independent variables.

Let’s dive into the details:

Purpose of Linear Regression
Linear regression creates a model that correlates two variables using a set of data points.
In forex trading, the two variables of interest are time (X-axis) and price (Y-axis).
By observing historical data over a specific time period, we can identify trends and create the best-fitting line to predict future price movements.

Linear Regression Line
The linear regression line represents the trend direction.
Traders often view it as the fair value price for a currency pair in the future.
When prices deviate significantly from this line (either above or below), traders may expect prices to revert back toward the linear regression line.

Application
Traders use linear regression to make informed decisions, such as when to buy or sell a currency pair.
By substituting the value of time (X) into the regression equation, they can predict the corresponding price (Y) in the future.

----------------------- USAGE -----------------------

IMPORTANT: for a full support pls leave a message on comment tab after making a purchase

NB: To test the Free Demo, the default set of NextBot is for the EURUSD pair. The sets for other pairs are reserved for BOT purchasers. Please note that the backtest is not reliable as it does not use the economic news filter.

NB. For more effective bot and copy trading, we recommend using our own brokers

This EA utilizes an advanced news filter to limit the bot’s activity during critical economic news events! N.B. Disable news filter during backtesting in Strategy Tester.

The program works on the news of the economic calendar (with auto GMT shift) . It checks news calendar and pause trade for specific pair if impact news coming. In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL" and add these: https://www.mql5.com and https: //ec.forexprostools.com (remove space after https:)

Currency / Timeframe: Attach the EA to the M5 chart on EURUSD, EURCHF, and only with Roboforex Prime USDJPY
Use the default set and regularly withdraw profits from the account
Recommended VPS with low ping
Recommended minimum deposit - 600$ and Prime accounts with low commissions. $600 is enough to use the bot on several currency pairs, as only one position will be open at a time.
Leverage - 1:300 or more
Recommended Zero spread account or Raw account
After purchasing the bot, leave a message on comment tab and subscribe to the channel for the latest news, updates, and tips : https://www.mql5.com/en/channels/nextexpertadvisors
Instruction manual for the BOT parameters is available

----------------------- FAQ -----------------------

- Would you explain me the Autolot function?

The autolot formula AccountFreeMargin() * 0.2 / 500 calculates the lot size based on the available free margin in the trading account. `0.1` represents the risk factor, which is typically set as a percentage of the available margin. So, if the Free Margin is 1000$ and RiskFactor is set to 0.2, the lot will be 0.4 in the specified situation.

- Is it possible to use NexBot together with another EA?

Yes, it is possible. NextBot uses a Magic number to manage orders, however, it is set to execute only one order at a time. It is therefore recommended to leave the Magic number unchanged for the currency pairs on which you will use NextBot. If you use different Magic numbers, make sure that there is always a minimum balance of $600 for each instance of NextBot.

- Which "Max spread" setting is recommended for a standard account?

We recommend using Raw/Zero spread accounts. However, on a standard account, it is advisable to set a maximum spread of 15 points, but it's more risky.

more...

312

jyck 2024.03.19 22:34 #

Sounds like a good strategy

796

Bifrost 2024.03.16 18:37 #

Very good EA, Look at his signal.

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LENA Scalp MetaTrader 5 Version : https://www.mql5.com/en/market/product/129810 With advanced stop-loss technology utilizing artificial intelligence, Lena Expert Advisor provides an innovative trading experience. Lena’s robot avoids large stop-loss levels, Martingale, and grid trading. Instead, it features a dynamic stop-loss system that adapts to market conditions. AI-driven analysis supports identifying key market opportunities, aligning with its carefully designed strategy. This a

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HFT Prop Firm EA is also known as Green Man due to its distinctive logo, is an Expert Advisor (EA) crafted specifically for overcoming challenges or evaluations from proprietary trading firms (prop firms) that permit High-Frequency Trading (HFT) strategies. For limited period: Free utilities worth $198 when you buy HFT Prop Firm EA MT5 version: https://www.mql5.com/en/market/product/117386 Passing HFT Challenge Performance Monitor (starting at $200): Broker: IC Markets Account Number 217180

200 USD

LIVE SIGNAL ON REAL ACCOUNT (a bot that shows a real-time signal is far more reliable than any backtest!) Limited time offer! The price will increase by $30 every 5 copies sold, reaching the final price of $999! AI Perceptron: The Intelligent Expert Advisor for MT4 Take your MT4 trading to the next level with AI Perceptron, the innovative EA that combines artificial intelligence and advanced strategies for optimal results. Powered by a single-layer perceptron neural network , this EA analyze

90 USD

Look at the bot's signal on a real account! Unlock Exclusive Benefits Leave a review and contact me via mql5 message to receive exclusive set files! Grid Girl is our free bot based on a " smart grid" that activates only in particular market conditions. The smart grid is not fixed like in most EAs, but it changes based on economic news and volatility indicators . The expert advisor exploits multiple indicators, including RSI, Momentum, Bollinger Bands. Grid Girl free version is a multi-

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LIVE SIGNAL ON REAL ACCOUNT A bot that shows a real-time signal is far more reliable than any backtest! Limited time offer! The price will increase by $30 every 10 copies sold, reaching the final price of $699! Take advantage of this unique opportunity to try this brand-new EA! Grid Girl PRO is our unique bot based on a " smart grid" that activates only in particular market conditions. The smart grid is not fixed like in most EAs, but it changes based on economic news and volatility indic

120 USD

Limited time offer! For the launch of NextBot , which has been working on a real account for about a year doubling the initial capital, the price of this indicator will drop to FREE ! Introducing a pragmatic and innovative tool for MetaTrader 4 (MT4) traders: the Linear Regression Next channel indicator, enhanced with the determination coefficient R 2 . This indicator serves as a foundational tool for traders seeking to understand market trends through the lens of statistical analysis, sp

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312

jyck 2024.03.19 22:34 #

Sounds like a good strategy

796

Bifrost 2024.03.16 18:37 #

Very good EA, Look at his signal.

wandazamb 2024.03.09 12:28 #

User didn't leave any comment to the rating

Version 3.41 2025.01.09

Minor update

Version 3.4 2024.12.13

Added a check function for price support and resistance levels to identify risk areas and avoid trades against the trend

Version 3.3 2024.11.28

Improvement of risk management

Version 3.2 2024.09.26

The new version 3.2 of NextBot scalper is Multicurrency (EURUSD, USDJPY, EURCHF) and operates on an M5 timeframe.

Version 3.1 2024.09.16

The new version 3.1 of NextBot scalper is multicurrency and operates on an M5 timeframe. It uses the ATR indicator to identify the ideal levels for take profit and stop loss, with a default ratio set at 6:1. This means that each trade will be opened with a take profit six times greater than the stop loss, ensuring a low level of risk and a profitable strategy in the long term, as confirmed by our backtests.

Version 3.0 2024.08.11

The new version 3.0 of NextBot uses the ATR indicator to identify the ideal levels for take profit and stop loss, with a default ratio set at 4:1. This means that each trade will be opened with a take profit four times greater than the stop loss, ensuring a low level of risk and a profitable strategy in the long term, as confirmed by our backtests.

Version 2.9 2024.06.27

Add second News Filter service: Click Tools > Options > Expert Advisors. Check the option “Allow WebRequests for listed URL:“. Add these: https://www.mql5.com and https: //ec.forexprostools.com (remove space after https:)

Version 2.8 2024.06.25

News Filter service minor patch. The new URL is www.mql5.com. Check the option "Allow WebRequests for listed URL:" and add https://www.mql5.com

Version 2.7 2024.06.24

Fixed the News Filter service, the new URL is www.mql5.com. Check the option "Allow WebRequests for listed URL:" and add https://www.mql5.com
This new version has an improved News filter that only activates under conditions of very high volatility.

Version 2.6 2024.06.23

Version 2.5 2024.03.13

The Linear Regression indicator has been incorporated, now the bot operates without the need for external indicators. Download the new settings on the blog: https://www.mql5.com/en/blogs/post/756442

Version 2.4 2024.03.11

- Added customizable magic number. Read the bot FAQ

Version 2.3 2024.03.10

Fixed "Linear regression indicator" path

Version 2.2 2024.03.05

Fixed news filter error

Version 2.1 2024.03.04

Improved interface