Maestro EA

EA Maestro is a fully automated expert advisor designed for two-way active trading. The EA includes an advanced entry filter based on price chart model and technical indicator analysis, a two-step trailing stop, a round price level analyzer, and a time trading filter. The EA lets you use a fixed trading lot as well as an automatic lot calculated by the built-in money management module. The EA is ready to use; you could simply place it on the price chart and allow it to trade.

This Expert Advisor can be purchased from the MQL marketplace whilst there is a free demo version also available to give it a try before making any commitment. In this article, I will be taking a look at how the Maestro EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Maestro EA
Maestro EA

Maestro EA Features

  • Works on the Meta Trader 4 terminal.
  • Works on EURUSD.
  • Recommended timeframe is H1.
  • Minimum deposit of $200.

Maestro EA Parameters

  • Lots – trading lot.
  • Base – basic deposit.
  • AutoLot – use automatic lot calculation.
  • SetBuy – allow send long positions.
  • SetSell – allow send short positions.
  • TakeProfit – main take profit, pips.
  • UseTrailing – use trailing stop function.
  • Breakeven – breakeven point, pips.
  • TrailStart – level of activation of trailing stop function, pips.
  • TrailSize – trailing stop size, pips.
  • GridTP – take profit of order stack, pips.
  • Scale – trading lot multiplier.
  • Step1 – initial step for placing orders, pips.
  • Step2 – additional step for placing orders, pips.
  • Step3 – main step for placing orders, pips.
  • MaxOrders – maximum number of orders.
  • RepeatBuy – repeat cycle of long positions.
  • RepeatSell – repeat cycle of short positions.
  • UseSpreadFilter – use high spread protection.
  • MaxSpread – maximum allowable spread, pips.
  • UseNewsFilter – use the news filter.
  • DetectLowNews – detect low importance news.
  • PauseBeforeLow – pause before the release of news with low importance, min.
  • PauseAfterLow – pause after the release of news with low importance, min.
  • DetectMiddleNews – detect medium importance news.
  • PauseBeforeMiddle – pause before the release of news with medium importance, min.
  • PauseAfterMiddle – pause after the release of news with medium importance, min.
  • DetectHighNews – detect high-priority news.
  • PauseBeforeHigh – pause before the release of news with high importance, min.
  • PauseAfterHigh – pause after the release of news with high importance, min.
  • DetectNFPNews – detect “Non-Farm Payrolls” news.
  • PauseBeforeNFP – pause before the NFP release, min.
  • PauseAfterNFP – pause after the NFP release, min.
  • SymbolNews – track the news of the current symbol only.
  • ZoneGMT – trading server GMT zone.
  • StartHour – trading start time, hour.
  • StopHour – trading end time, hour.
  • Rndsize – deviation of the round price level, pips.
  • EquitySave – activation of the equity control function.
  • EquityRisk – maximum deposit load, %.
  • ShowPanel – show information panel.
  • Comment – comment to orders.
  • BMagic – buy orders identifier.
  • SMagic – sell orders identifier.

Maestro EA Advantages

  • Advanced market entry filter.
  • Round price level analyzer.
  • Working with MM-based fixed and auto lots.
  • Four- and five-digit quotes are supported.
  • System of advanced recovery.
  • Settings that are flexible.
  • Simple to use.

Conclusion

The Maestro EA has some potential and may be found useful by traders who are looking for an automated trading system. Nonetheless, the traders may want to ensure to test the free demo version of the EA on their demo accounts before purchasing the robot and applying it on their real accounts if they happen to be satisfied with it.

It’s also important to note that although backtesting is good and important, it does not mean that the EA would perform exactly the same way.

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