Market / MetaTrader 4 / Experts /

Rebate System

10 USD

Demo downloaded: 3 918

Published: 21 March 2017

Current version: 1.6

Rebate System

4.16

Experts
Evgenii Kuznetsov
Version: 1.6
Updated: 24 May 2017
Activations: 5

Rebate System performs a large number of trades with the minimum profit, which gives the opportunity to earn from receiving rebates (returning part of a spread).

It is based on two grids (buy and sell), when one of them is in a drawdown, the other one can enter with an increased lot size, keeping the account away from the drawdown.

It features a news filter, which prevents the possibility of getting into a trend without rollback caused by news releases.

The default parameters are for EURUSD and a minimum deposit of 3000 units of the base currency (cent for cent accounts, $ for classic accounts)

Input parameters

StopAfterTP – stop trading after closing all grids;
TF_FirstOrder – period for opening the first orders in the grid;
TF_SeriesOrder – period for opening averaging orders;
Lot – lot size;
Takeprofit – take profit;
StepNextOrder – the minimum allowed distance between grid orders;
LotMultiply – multiplier for the lot of the current open order of the grid;
MaxTrades – the maximum number of orders in the grid.

Break-even parameters

BE - number series – the number of order in the series after which the stop loss will be placed;
BE - start after point – the number of profit points after which the stop loss will be placed;
BE - distance point – distance from the breakeven of the series at which the stop loss will be placed.

Lock parameters

Lock - number series – the number of order in the series after which the opposite grid increases the lot for locking;
Lock - % lots grid – locking percentage, lot size as a percentage of the sum of the opposite grid;
Lock - max lot – the maximum lot size of the first locking order.

Other parameters

Slippage – slippage;
MagicNumberSell – identification number for sell orders;
MagicNumberBuy – identification number for buy orders;
UpdateSecond – timer for checking the placed take profits and stop losses.

Parameters of the news filter

News Filter – list for selecting the values

High – filter high-impact news;
High & Medium – filter high-impact and medium-impact news;
High, Medium & Low – filter news with any importance;
OFF – disable the news filter.

News before hour – the number of hours before the news release to stop trading
News after hour – the number of hours after the news release for the EA not to trade
News stop type - a list for selecting values

First order - not to open the first order, but continue the started grid
All grid - stop all deals in the news range

To use the news filter, it is necessary to add the following URL:

http://www.forexfactory.com
https://cdn-nfs.forexfactory.net
http://ec.forexprostools.com

to the list of allowed URL on the Expert Advisors tab.

Visualization parameters

Color_BE_buy – color of the breakeven level for buy orders;
Color_BE_buy – color of the breakeven level for buy orders;

Parameters are for four-digits quotes, they will be multiplied by 10 on five-digit instruments.

more...

119

Make Money 2024.08.20 02:51 #

I have been using it for 2 weeks now and i am impressed with the results. Majority of the profits are positive(see my comment). I will buy more EAs from the author.

959

Mikhail Ryzhachenko 2020.05.26 04:59 #

Опасен, как и все мартингейлы, нужно уметь настраивать, лучше работать на центовых счетах с запасом депозита. Тестируйте на истории перед запуском. Смешная цена.

Valentin Matveev 2019.12.04 18:30 #

Купил. В первый день окупился. Пока уверенно идет в плюс

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Rebate System performs a large number of trades with the minimum profit, which gives the opportunity to earn from receiving rebates (returning part of a spread). It is based on two grids (buy and sell), when one of them is in a drawdown, the other one can enter with an increased lot size, keeping the account away from the drawdown. Differences from the usual EA Rebate System in the mode of closing long-term losing trades in one of the grids due to the previously received profit. Input parameters

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The EA identifies divergences in two correlated currency pairs and trades in the direction where they converge back. Working timeframe: M30 Input parameters MagicNumber - identification number for the EA. OrdersComment - comment to order, automatic if an empty value is set. Lots - lot size. DepoPer001Lot - automatic lot calculation (specify the balance per 0.01 lot) (if 0, the value from 'Lots' parameter is used). TimeFrame - working timeframe. Symbol #2 - correlated currency. Symbol #2 revers

100 USD

Multi-currency grid Expert Advisor, in most cases it receives quite accurate entries. If an entry is not accurate enough, the positions are managed using an elaborate martingale strategy. Work on real account: http://tiny.cc/nkaqmz Entries are performed using the signals of RSI and Stochastic indicators, in the overbought/oversold areas, plus additional entry conditions based on a proprietary algorithm. Recommended timeframe - М15. Input parameters SetName - name of the current settings file Ma

100 USD

Multicurrency scalper, works at night time, performing short trades during low volatility. For trading to be profitable, a broker with low night spreads is required. Working timeframe: M15 Working on a real account: Type2 https://www.mql5.com/en/signals/245053 Mix https://www.mql5.com/en/signals/363093 Recovery Mix https://www.mql5.com/en/signals/493519 set files - see signal description Installation instruction https://www.mql5.com/ru/blogs/post/721443 Input parameters MagicNumber –

145 USD

Multi-currency grid Expert Advisor, in most cases it receives quite accurate entries. If an entry is not accurate enough, the positions are managed using an elaborate martingale strategy. Work on real account: http://tiny.cc/nkaqmz Entries are performed using the signals of RSI and Stochastic indicators, in the overbought/oversold areas, plus additional entry conditions based on a proprietary algorithm. Recommended timeframe - М15. The EA features a drawdown management system, which takes into

100 USD

The Expert Advisor tries to enter the market at the beginning of a trend. If the price moves in the unfavorable direction, the EA hedges the deal by placing an opposite order with a larger volume. The EA will change direction in the course of the trend until it is captured. The minimum distance for changing direction is specified by the Min Turn Step parameter, the actual distance can be longer and depends on the current volatility, it is controlled by the Mult Factor Next Orders parameter. The

50 USD

100 USD

Multicurrency scalper, works at night time, performing short trades during low volatility. For trading to be profitable, a broker with low night spreads is required. Working timeframe: M15 Working on a real account: Type2 https://www.mql5.com/en/signals/245053 Mix https://www.mql5.com/en/signals/363093 Settings - in the description of the signal Installation instruction: https://www.mql5.com/ru/blogs/post/721443 Input parameters MagicNumber – magic number, identification number for a symb

145 USD

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119

Make Money 2024.08.20 02:51 #

I have been using it for 2 weeks now and i am impressed with the results. Majority of the profits are positive(see my comment). I will buy more EAs from the author.

4314521 2024.05.23 02:42 #

the bot makes money, but the drawdown can be reduced by a adjustable stoploss, please add asap. i wonder if the owner of the bot can correct.

Ladislav Haluška 2024.03.07 07:58 #

The robot is working properly. It is making profits until a message pops up that it cannot connect to https://cdn-nfs.forexfactory.net and the bot does nothing. waiting for confirmation and messages. Until then it generates negative profit!!!. It does nothing. After confirmation it continues to trade. There is no solution to fix it yet.

P.S.:This can be bypassed with an automatic script to acknowledge the message.

kohcy1111 2023.10.21 13:57 #

After activated/installed the Rebate System on a Demo server, that license cannot be use on live server (another server). The license used on Demo server will remain in Demo server. Rebate System allow 5 activation, if the 5 activation already used on Demo server, for live server will need to buy new license again. New licenses is $10, can earn back the $10 in a short time with this EA.

Jaymie Walters 2023.07.18 22:07 #

Not sure how to rate this. The E.A. is not able to hedge on my account so the Adviser does not work completely.

Andy Tanabe 2023.06.21 19:07 #

Note1:Please fix the error message. Error News download News not download add the address 'https://cdn-nfs.forexfactory.net/ff_calendar_thisweek.xml' in the list of allowed URLs on tab Expert Advisors' Note2: The expert advisor is failing because it does not follow the news due to this error

sagar14th 2023.05.27 07:24 #

User didn't leave any comment to the rating

165

vincenzo Bisignani 2023.05.21 02:00 #

User didn't leave any comment to the rating

sitisence 2022.10.29 10:53 #

Update News function plz.

5863

Natasha Diedericks 2020.07.02 19:21 #

Thanks. Will test it.

959

Mikhail Ryzhachenko 2020.05.26 04:59 #

Valentin Matveev 2019.12.04 18:30 #

Купил. В первый день окупился. Пока уверенно идет в плюс

sergio.carlos 2019.10.16 15:08 #

which is the best setting for her to open many operations during the day.

On the first day I used only on EURUSD it opened only 17 operations.

mgloki 2019.09.02 04:21 #

Very Good EA. I tried one month and this is effective result. And keep good sl. I like their sl management system. Great job.

Bing Ke 2018.08.18 07:16 #

User didn't leave any comment to the rating

117

Worapot Sommool 2018.05.30 05:24 #

EA gives very nice profits, I can get $10 back in 1 day :)

..update 30.05.2018:

- Pros: This EA perform well in ranging market, can make a lot of profits.

- Cons: consume a lot of equity in a strong speed trend market!!!

* feedback:: Good EA, make a good profit but need MM and big equity fro long term.

76821

Eleni Anna Branou 2018.05.18 09:25 #

User didn't leave any comment to the rating

12938

Matthew Todorovski 2018.04.30 15:20 #

I reached maximum orders of 200 in my MT4 terminal: one buy with TP, multitude of sells with no TP.

What is the logic of this EA? Is it working properly? I am taking this off my Demo.

[vendor]: "Most likely your broker has established a huge freeze-level that does not allow to establish the take at the required level. I can only advise you to change the broker."

510

Peiro Rahbari 2018.03.06 18:00 #

GOOD..JUST I WANT ASK ..does IT WORK good in which one of symbol ?

772

jey son 2017.12.13 22:06 #

20.11.2017: The EA already made the money I paid for it.

27.11.2017: Parameter wish: DepoPer001Lot

13.12.2017: Another wish: Trail SL

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Version 1.6 2017.05.24

Added parameter:
News stop type

The parameter News hour range is replaced by:
News before hour
News after hour

Version 1.4 2017.03.22

Recompiled for new build