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NextBot EA

5

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 will increase by $30 every 10 copies sold, reaching the final price of $299! 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!)

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. N.B. New timeframe is M15.

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

New type of EURUSD scalper EA based on Linear Regression, a primary category of machine learning.  This EA utilizes a news filter to screen economic news and pause trade for specific pair if impact news coming (news filter cannot be checked in the strategy tester, only real work).

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

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:“. Add these:  https://www.mql5.com and https: //ec.forexprostools.com (remove space after https:)

  • Currency / Timeframe: Attach the EA to the M15 chart on EURUSD
  • 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/nextbot


----------------------- 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.


          Comentarios 3
          jyck
          312
          jyck 2024.03.19 22:34 
           

          Sounds like a good strategy

          Bifrost
          711
          Bifrost 2024.03.16 18:37 
           

          Very good EA, Look at his signal.

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          Solo quedan 2 copiadoras a este precio, el siguiente precio es $ 1533 Consulta los resultados en vivo aquí: Señal personal de $50K:   [Haz clic aquí] Señal en vivo de la firma Prop:   [Haz clic aquí] Versión de MT5 aquí:   [Haz clic aquí] Bienvenido a   Quantum Algo Trading MT4 EA . Este EA está diseñado para ser más que un simple sistema mecánico; será tu compañero en tu viaje de trading a lo largo de tu vida. El EA utiliza un sistema de ruptura con un algoritmo optimizado por alguien co
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          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, spe
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          Filtro:
          jyck
          312
          jyck 2024.03.19 22:34 
           

          Sounds like a good strategy

          Bifrost
          711
          Bifrost 2024.03.16 18:37 
           

          Very good EA, Look at his signal.

          wandazamb
          67
          wandazamb 2024.03.09 12:28 
           

          El usuario no ha dejado ningún comentario para su valoración

          Respuesta al comentario
          Versión 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.
          Versión 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:)
          Versión 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
          Versión 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.
          Versión 2.6 2024.06.23
          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.
          Versión 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
          Versión 2.4 2024.03.11
          - Added customizable magic number. Read the bot FAQ
          Versión 2.3 2024.03.10
          Fixed "Linear regression indicator" path
          Versión 2.2 2024.03.05
          Fixed news filter error
          Versión 2.1 2024.03.04
          Improved interface