Manhattan PRO Best MT4 Robot at first glance a typical representative of the “net” working using the Martingale principle. This is neither good nor bad, but it is important to know. This principle increases many times the risk, but also profitability. Let’s see if everything is so “typical” in Manhattan PRO EA

Many newcomers, but to be honest, and many pros who consider themselves to be scared away by Martingale, as this principle is perceived as the basis of the trading system. You need to understand that the Martingale principle is not a trading system, but a money management system i.e. lot size management system. More about this below, but first about the trading system.

What is a trading system?

  • These are the rules, the system by which Forex advisors decide on entering and exiting the market.
  • And here we see an important difference between Project Manhattan and the classic netizens.
  • The EA expects a strong movement (powerful impulse) and enters in the opposite direction.
  • The new mode allows you to enter not against, but in the direction of the impulse – along with the trend!

If TP is not taken, then on the next signal the adviser averages the position by increasing the lot by a factor (many are used to calling it the Martingale principle, but this is not entirely true, since Martingale multiplied the next bet by 2, we have a maximum factor of 1.5 and different for all pairs – depends on volatility)

  • The advisor works simultaneously in both directions – hedging.
  • It does not build a grid, but always waits for a signal to enter! The signal is a unique candlestick pattern.
  • In the parameters, the StepPips setting is responsible only for the minimum distance between orders, but the maximum is not limited by anything.

Thus, it can withstand drawdowns of several thousand pips while opening 3-5 orders, which gives a reasonable drawdown in most cases, where the classic grid (ilan, auto profit, grid) will already lose the deposit.

There is also a function DymanicStep which increases the minimum distance between orders using the formula StepPips = StepPips * order serial number. Those. the more open orders the greater the minimum step.

Please test in a demo account first for at least a week. Also, Make yourself familiar and understand how Manhattan PRO EA works, then only use it in a real account.

Recommendations

  • Minimum account balance of 3000$ or equivalent Cent account balanc.e
  • Work best on EURUSD, AUDUSD.(Work on any pair)
  • Work best on M5 TimeFrame. (Work on any timeframe)
  • To reach stable results, Manhattan PRO Best MT4 Robot should work 24/7 on VPS. So we Recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
  • Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)

Input Parameters

Chart trading control panel

AUDUSD
Testing period 04/30/2015 – 04/27/2017 – two years.
An initial deposit of 3000
Fixed lot Timeframe M15
AUDUSD
Testing period 04/30/2015 – 04/27/2017 – two years.
An initial deposit of 10,000
Fixed lot Timeframe M5
EURUSD
Testing period 01/05/2015 – 01/05/2017 – two years.
An initial deposit of 10,000
Growing lot Timeframe M5
EURUSD
Testing period 01/05/2015 – 01/05/2017 – two years.
An initial deposit of 10,000
Fixed lot Timeframe M5
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