About the Smart-Ass Trade V2 Expert Advisor
The Smart Ass Trade V2 Metatrader 4 Forex Robot is an algorithmic trading software that triggers buy/sell market signals using smart trading rules.
Orders are automatically initiated when conditions are reached.
The Smart Ass Trade V2 forex robot is also known to close orders by itself, thereby offering a convenient money management strategy.
Traders can adapt the currency trading robot to all forex pairs, aside from Gold and Indexes (EURX or USDX), while also permitting its use on all timeframes.
Free Download
Download the “SmartAssTrade-V2.mq4” MT4 robot
Key Features
Automated Trading
Executes trades based on predefined criteria, reducing the need for manual intervention.
Customizable Settings
Allows users to adjust parameters to align with their trading preferences and risk tolerance.
Risk Management
Incorporates features like stop-loss and take-profit to manage potential risks effectively.
User-Friendly Interface
Designed for ease of use, making it accessible for both novice and experienced traders.
Strategy Tester Report
Find below the Smart Ass Trade V2 forex robot strategy tester report for the GBP/USD forex pair on the 30-minute chart.
Overall Performance
The EA made a total profit of $38017.90 from a total of 68 trades.
The largest winning trade generated $338.00 in profits, while the largest losing trade generated a loss of $624.40.
Statistics:
Bars in test: 2271 ticks modelled
Initial deposit: $10000.00
Total net profit: $38017.90
Total trades: 68
Largest profit trade: $338.00
Largest loss trade: -$624.40
Consecutive wins: 5
Consecutive losses: 1
How the EA Works
- Monitors market conditions based on predefined indicators.
- Identifies potential trade opportunities.
- Executes trades automatically when conditions are met.
- Manages open trades by adjusting stop-loss and take-profit levels.
- Provides real-time feedback and alerts to the user.
Download Now
Download the “SmartAssTrade-V2.ex4” Metatrader 4 robot
Parameters & Settings
- RiskPercent — percentage of equity to risk per trade.
- StopLoss — distance in pips for stop-loss.
- TakeProfit — distance in pips for take-profit.
- TrailingStop — distance in pips for trailing stop.
- TradeTime — specific times to allow trading.
- TradePairs — list of currency pairs to trade.
Recommended Trading Setup
- Pairs: EURUSD, GBPUSD, USDJPY — for consistent volatility and trend structure.
- Timeframe: M15 or H1 — to balance between noise reduction and trade frequency.
- Account Type: ECN or low-spread broker for reliable execution.
- Risk: Use 1% per trade; adjust based on account size and risk tolerance.
- Backtesting: Run multi-year tests to evaluate performance across different market conditions.
FAQ
Is this the original Smart-Ass Trade strategy?
Yes — the EA closely follows the Smart-Ass Trade rules: automated entries, stop-loss, take-profit, and risk management.
Can I run multiple instances of the EA?
Yes — you can load multiple instances with different settings to diversify your trading approach.
How do I manage risk with this EA?
Adjust the RiskPercent parameter to control the amount of equity risked per trade. It’s recommended to start with a conservative risk setting.
What if the EA doesn’t perform well?
Ensure that the EA is configured correctly and that it’s running on a reliable broker with low spreads. Consider testing on a demo account before going live.
How can I optimize the EA’s performance?
Regularly monitor the EA’s performance and adjust settings as needed. Backtest the EA on different timeframes and currency pairs to find the optimal configuration.
Summary
The Smart-Ass Trade V2 EA for MetaTrader 4 offers a comprehensive solution for automating forex trading.
With features like automated trading, customizable settings, risk management, and a user-friendly interface, it provides traders with a powerful tool to enhance their trading strategies.
Download the free package, load the recommended settings, and start automating your trading today.
