Brainiac EA MT4, the robot that waits at Fibonacci levels
Most robots buy wherever the signal appears, and that is exactly where the empty pip zones live. The Brainiac EA MT4 works the other way round. It is a Forex Expert Advisor for MetaTrader 4, and it only wakes up when price reaches a level that already matters. You set your acceptable loss level (SL), and then the robot handles the rest while it maximizes the take profit. Sticking to the default SL level is advisable for optimal results.
- PLATFORM: MT4
- TF: DEPENDS ON THE PAIR
- PAIRS: ALL BUT BEST: GBPUSD, EURUSD, USDJPY and XAUUSD (Gold)
- MIN DEPOSIT: From $100 PER PAIR
- LEVERAGE: ALL BUT WE USE 1:500
How the Brainiac EA MT4 picks its entries
This sophisticated EA enters trades at specific Fibonacci levels, therefore it avoids unproductive ventures into empty pip zones. Furthermore, it combines various indicators. Once the target level is reached, those indicators act as triggers and they initiate well-timed trades. With a substantial profit margin, it then excels at maximizing TP, because it gauges the opportune moment and executes the take profit as soon as it detects a price reversal.
Though not a scalper, the robot may start trading immediately on some pairs, while on others it waits for the pair to hit the necessary level. That is why it can look inactive for a while, and then trade with high frequency once price sits in the desired range.
Pending orders that cost nothing while they wait
One of its notable strategies involves placing buy and sell stop or limit orders. This tactic aims to secure an advantageous market position, since the order executes only when price hits the activation level. It is a forward-thinking approach, so it anticipates market movements and enters trends at an early stage. If price never reaches the specified level, the order simply remains inactive and it incurs no costs.
Versatile on every pair
This EA is versatile, and it suits all pairs with the default settings. For XAUUSD (Gold), simply use our preset, XAUUSDH1.set. Because the minimum deposit starts from $100 per pair, you can also run it on several charts at once and give each pair its own account slice.
Let’s see the results:
These results are from Roboforex ECN live account, leverage 1:500, current Spread.
Installing the Brainiac EA MT4 in MetaTrader 4
- First, download the file from your account and unzip it.
- Then open MetaTrader 4 and click File > Open Data Folder.
- Next, open the Experts folder inside the MetaTrader data folder and paste the file there.
- After that, right click Expert Advisors in the Navigator and choose Refresh.
- Now drag the robot onto the chart of the pair you want, and load XAUUSDH1.set for Gold.
- Finally, enable AutoTrading on the toolbar, so the robot can place its orders.
Before you go live
Leave the SL at its default value, because that is the level the strategy was built around. Also, keep the terminal online while the robot works, either on a VPS or on a computer that stays on. Try it on a demo account first, and then start with an amount you are comfortable risking. Trading leveraged products carries a high level of risk to your capital, and you trade at your own risk.
Looking for more automated robots? Then browse all our Expert Advisors.
