Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
This EA uses BollingerBands with a MACD filter to determine when to take trades.
This EA has dynamic sell loss and take profit control integrated.
Based on configurable lot values, the EA places orders by trend and Average True Range data of the symbol.
The strategy is based on utilizing trend direction changes and optimizing order size of your choosing. Whenever a trend direction change takes place,
the EA would balance positive profits from the current trend orders with the negative loss orders and close all of the orders with the configurable profit in pips.
The EA has flexible settings allowing you to change number of orders, lot sizes, order frequency and closing profit. Giving you complete control over how this EA works.
This EA offers the user a few options to secure profitable trades by breaking even or trailing stop. These two options are both enabled by default.
If an open trade gains at least 30 pips, it's stop loss is moved to the entry price for a risk-free trade. Later if the trade gains more pips, the trailing stop function comes in.
Trailing stop maintains a distance between market price and trade stop loss of 40 pips. At some point, price will hit either the adjusted stop loss or take profit of 50 pips.
In both cases the trade ends up a winner.
Trading in forex is speculative in nature and not appropriate for all investors.
Investors should use risk management because there is always the risk of substantial loss.
Past results and back testing are not necessarily indicative of future results.
Anyone interested to know the robot’s true potential must consider implementing the robot on a demo account and running parallel tests in various ways to
determine which markets would give it more winning chances. Please use a different magic numbers on each pair to avoid order issues. Also, check the max spread limit number to
avoid entering trades during high spread sessions. Before adding this expert advisor to a chart, make sure there are NO open positions. The longer the time period of the chart,
the more reliable the reversal. It's also important to note that the longer the time period, the lower the number of signals generated.
