Question 1

What is Simon MT4?

Accepted Answer

It is a level-based automated trading robot that trades at dynamically updated support and resistance zones.

Question 2

Which pair and timeframe is it optimized for?

Accepted Answer

It is optimized for EURUSD on M15.

Question 3

Does it use Martingale?

Accepted Answer

No. It uses mild averaging with a low multiplier (1.3), which is much safer than traditional Martingale.

Question 4

What is the Strategy Type?

Accepted Answer

It is a Level-based trading strategy using support and resistance zones. It offers two modes: Classic (single trades with fixed SL/TP) and mild Averaging (recovery system).

Question 5

What is the Risk Level?

Accepted Answer

Medium. It uses mild averaging with a low multiplier (1.3). It is safer than aggressive Martingale but still carries risk in averaging mode because there is no fixed Stop Loss.

Question 6

Which pair and timeframe is it optimized for?

Accepted Answer

Optimized for EURUSD on M15.

Simon MT4Premium

Before You Start