Technical Indicators for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
This program is an auto-trading EA robot for MT4.
Parameters are fitted for USDJPY (USD/JPY).
Standard deviation and proprietary indicators enable long-term monetization.
The results for years of back-testing have shown good performance.
The basic concept is trend-following, but it can also be used in range-bound markets by adjusting the parameters.
Only one trade at a time. No more than one position at a time.
You can change parameters from “Inputs when attaching to the chart.
You can set the trading position lots according to the amount of your funds.
The amount of risk which the programmer recommends is within 0.5% of the total funds.
Parameters
The “calculation_term”parameters are the calculation period underlying the signal. It has been adjusted to 100 based on back-testing, but can be adjusted as well. Changing it will change the performance, and decreasing it will make it more range-bound and contrarian.
The “deviation_parameter” mainly affects the variability of trading results. It has been adjusted to 100 based on back testing, but can be adjusted as well.
Settings
In the MT4 terminal, go to File > Open Data Folder > MQL4.
Put “Devation_Six.ex4” in the MQL4 > Exparts folder.
Refresh” the Navigator and display the ‘Devation_Six’ that appears on the chart. Enter the "Lots" parameter . The default value is “100”.
The given magic number of the position is “123”
