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Agoybot is an MT4 expert advisor that places orders when price breaks the high or low of recent candles, mainly on M1. It offers martingale, hedging recovery and one-shot order handling, and can be used on gold and forex pairs.
Get one message the moment it launches, with its price.
Agoybot is an automated trading robot for MetaTrader 4. It watches the highs and lows of recent candles and places orders when price breaks out of that range, and it lets you choose how losing positions are handled.
The robot looks back over a set number of candles and marks the highest high and lowest low. Those levels become the trigger for an order. If the next candles do not break through the marked level within a set number of minutes, the level is dropped and the robot looks for a new one. After a trade closes in profit, it waits for a set interval before searching for the next signal.
You can use the default presets or build your own. Because the recovery styles raise position size or the number of open trades, test them carefully before risking real money.
The suggested chart is M1. The developer lists gold (XAUUSD), GBPUSD, EURUSD and other pairs. Short-term breakout logic is sensitive to trading costs, so a low-spread broker is advisable. Spreads and execution speed vary between brokers and between sessions, so compare results on your own account type.
The signal inputs are listed below. Exact defaults and any lot, take profit or recovery inputs can differ, so read the input tab after attaching the robot to a chart.
| Input | Purpose |
|---|---|
| Candle count | How many candles are used to find the high and low that act as the signal |
| Order expiration (minutes) | How long a marked high or low stays valid before a new one is searched for |
| Interval between orders (minutes) | How long to wait for a new signal after the previous order closed at take profit |
| Order mode and lot settings | Check the input tab for the available choices and defaults |
Averaging and hedging approaches can hold several positions at once and may lead to large drawdowns when the market trends. Use a position size that suits your balance, and consider a cent account while learning the settings.
Trading carries risk, and you can lose some or all of your capital. Backtest results and past performance do not predict future results. Test on a demo account first.
The robot only trades while the terminal is running and connected, so many users run it on a VPS. Re-test your preferred settings from time to time, since market conditions change.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Gold or XAUUSD, Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Markets | XAUUSD (gold), GBPUSD, EURUSD and other forex pairs |
| Timeframe | M1 is the suggested chart |
| Trade style | High/low candle breakout with optional averaging or hedging |
| Order modes | Martingale, hedging recovery, one-shot |
| Broker | Any MT4 broker; a low-spread account is preferable |
| Requirements | Algo trading enabled and a chart left running, or a VPS |
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No. This listing is for MetaTrader 4 only. An MT4 expert advisor cannot be loaded into MT5, so do not buy it if your account runs on MT5.
It can run with any broker that offers MT4 and allows expert advisors. Because it trades short-term breakouts on M1, a broker with low spreads and reliable execution is the sensible choice. Test on a demo account with your broker first.
The developer suggests a deposit of several hundred dollars, or a cent account, because the recovery modes can open several positions. Check the product page for current guidance and size your risk to your own account.
There is no single right answer. One-shot opens a single trade per signal, while martingale and hedging recovery add positions to manage a losing trade and carry higher risk. Run backtests and demo tests on your broker's data before using real funds.
Extract the download, copy the expert file into the MQL4/Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Drag it onto an M1 chart and enable Algo Trading.
The developer lists gold, GBPUSD, EURUSD and other pairs. Each symbol has different spreads and volatility, so test the settings separately for every symbol you plan to trade.
Agoybot
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