Home Forex Service Review World Orders Expert Advisor Review

World Orders Expert Advisor Review

61
0

WorldOrders is located within the MQL5 marketplace under the Experts subcategory. It was developed and uploaded by Evgeniy Zhdan on the 14th of March 2020, it has not had any updates and so the software is still at version 1.0.

Overview

WorldOrders is an expert advisor that has been developer by Evganiy Zhdan for the MetaTrader 4 trading platform, the EA works by looking at the results of it calculating the excess of the average volatility over a certain period of time in the markets. The EA will build channels out of three lines and when the price is above the top channel, only sells are allowed, when it is below the bottom then only buys are allowed, and when the price reaches the midline the trades are closed.

The EA will try to determine the strength of the trend movements within the markets and will look for their most profitable directions, this will take into account the nature of the price movements within the dynamic channels that were formed with the participation of ATR.

The EA does not require the installation of any settings or files, it is ready to start working right out of the box after installing it onto a chart. It is recommended that the EA is used with the GBPUSD, EURGBP, USDJPY, and USDCAD currency pairs and for it to be used on the M5 timeframe. It is also recommended that you use it with a VPS for better connectivity and 24/7 functionality.

There are a lot of options available when it comes to the parameters that come with the EA, altering these will change the way that the EA functions and can be changed to better suit your own style and needs. Some of the available options include the volatility levels, maximum risk to use, maximum lot sizes, the maximum number of orders to open, the ATR period, the MA period and type, whether to show zones, the colors of the lines, to use trailing stops, the distance of the trailing stops, time to end trading, lippage, magic numbers, comments, max spreads, and more.

Service Cost

The WorldOrders EA is an expensive one, it can be purchased with a single payment of $2399 which would price out the majority of people who use EAs like this. When purchasing, you will be able to activate the EA up to 50 times. There is also the option to rent it on a yearly basis, rentals are normally cheaper but in this case, it is not by much, the yearly rental will cost you $2199 for the year.

A free demo version is also available, this version can be used with the strategy tester within the MetaTrader 4 trading platform rather than on an actual live account.

Conclusion

There is just one review available from the users who have used this EA, the review has given it an overall rating of 5 out of 5.

“Good” – A 5-star review.

The review does not give a lot of information away, but at least it is positive which is a good sign. There are no comments available within the comments section to the sort of support that is being offered is not known to us. Due to this and the lack of reviews, we would strongly recommend that you try to get in contact with the developer and use that opportunity to find out that the EA will work how you need it to, and to also make sure that the creator is still around and is able to offer support, especially with the price of the expert advisor being so high.

This FX service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47207

LEAVE A REPLY

Please enter your comment!
Please enter your name here