Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Description :
Sensor EA MT5 is an advanced Expert advisor for MetaTrader 5, built using the usual signals provided by Bollinger Bands Technical Indicator.
The Expert Advisor places a buy order, When price crosses above the lower band, and a sell order when price crosses below the upper band.
The Expert Advisor uses a Stop Loss and a Take profit.
The Expert Advisor settings are as follows :
( The parameters below can be set according to your trading rules. )
- StopLoss ( Stop Loss in pips)
- TakeProfit ( Take Profit in pips )
- Magic number : ( set to 121261, is the EA identifier. When running multiple instances of the same EA on one currency pair, this value should be changed for each instance )
- TradeSize
- MaxSpread
- MaxSlippage : (set to 3, will be adjusted by the EA)
- MaxOpenTrades
- Hedging mode
Some clarification to remember :
For 5-digit brokers : 1 Point=0.00001 and 1 Pip=0.0001 => 10 Points=1 Pip
For 4-digit brokers : 1 Point=0.0001 and 1 Pip=0.0001 => 1Points=1Pip
If your account type is Netting then set Hedging mode to false.
