SucarobotFXMaster Expert Manual

Introduction
Welcome to the SucarobotFXMaster Expert Manual. This manual provides detailed instructions on using and
configuring the SucarobotFXMaster expert for trading on MetaTrader 4.

Overview
The SucarobotFXMaster expert is designed to automate trading operations based on technical indicators like
the Relative Strength Index (RSI) and manage the risk associated with trades.

Key Features
 RSI analysis to identify trading opportunities.
 Risk management through parameter settings for percentage risk, lot size, and maximum allowable
loss.
 Configuration of primary and secondary RSI thresholds and the time between the two RSI
thresholds.
 Option to set a percentage profit target.
 Ability to restrict buys only when the current price is below the average price.
 Monitoring of spread and maximum slippage.
 Control over the maximum number of simultaneous open positions.
 Exclusive support for long positions.

Installation
1. Copy the SucarobotFXMaster.ex4 file into the "Experts" folder of your MetaTrader 4 platform.
2. Restart MetaTrader 4.
3. The expert will now be available in the list of experts.

Configuration
The SucarobotFXMaster expert offers a wide range of configuration options to suit the trading needs of each
user. Below are the main parameters along with their explanations:
RSI Management
 RSI Period: This parameter defines the period of the RSI indicator. The RSI period is the number of
candles used to calculate the RSI value. A higher period smoothens the RSI value.
 RSI Threshold Primary: The primary RSI threshold is the level below which the RSI value must
fall to generate a trading signal. When the RSI value drops below this threshold, it can be considered
a potential buy signal.
  RSI Threshold Secondary: This value represents a second RSI threshold level. The expert
considers a signal only if the RSI value drops below the primary threshold and then rises above the
secondary threshold.
 Time Distance: Indicates the minimum time in minutes between two consecutive RSI signals. If an
RSI signal has been generated, the expert will wait at least this amount of time before considering a
new signal.
Risk Management
 Use Risk: Enables or disables risk management. If enabled, the expert will automatically calculate
lot sizes based on the specified percentage risk. If disabled, the user must manually set the number of
lots.
 Risk Percent: Indicates the percentage of the account balance that the user is willing to risk per
trade. If Use Risk is enabled, the expert will calculate lot sizes based on this percentage.
 Lots: The number of lots to use per trade. This parameter is used only if Use Risk is disabled.
 Max Loss Percent: This parameter indicates the maximum acceptable loss percentage relative to the
expected profit per trade. If the risk calculation exceeds this percentage, the expert will not open the
position.
Other Parameters
The other parameters include additional settings and controls for the expert:
 Profit Target Percent: Indicates the desired profit percentage per trade. When the profit reaches this
percentage, the expert will automatically close the position.
 Buy Only Below Average: If enabled, the expert will open buy positions only when the current price
is below the calculated average price.
 Max Spread: Indicates the maximum allowed spread for order execution. If the current spread is
higher than this value, the expert will not open the position.
 Max Slippage: Specifies the maximum acceptable slippage for order execution. Slippage is the
difference between the requested price and the actual execution price.
 Average Price Hours: The number of hours considered to calculate the average price of the symbol.
 Start Time: The start time during which the expert is allowed to open new positions.
 End Time: The end time during which the expert stops opening new positions.
 Max Open Positions: Specifies the maximum number of positions that the expert can keep open
simultaneously.
 Long Only: If enabled, the expert will open only long positions and will not consider short
positions.
Each parameter is designed to allow the user to customize the behavior of the expert based on their trading
preferences and acceptable risk level.

Conclusion
The SucarobotFXMaster Expert Manual provides a comprehensive guide to using and configuring the expert
for trading on MetaTrader 4. Users are advised to test the expert in a demo environment before using it with
real funds.
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