Trading Robots for MetaTrader 5
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MetaTrader 5
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Overview
Long & Short EA for Forex - MetaTrader 5
Link to understand how parameterization and the control panel work: mql5.com/pt/blogs/post/759824
This Expert Advisor (EA) was developed to perform Long & Short operations in the Forex market through MetaTrader 5, capable of operating in both Day Trade and Swing Trade formats. It automates the identification of trading opportunities between two currency pairs (Symbol 1 and Symbol 2), exploiting price variations between them.
The EA uses a series of parameters and indicators to make buy and sell decisions, including correlations between pairs, ratio bands to identify price distortions, and specific times for opening and closing trades. It also incorporates risk management strategies, including setting financial stop loss and take profit levels, and the possibility of using a hedge to rebalance losing trades.
By automating the trading process, the EA seeks to optimize the performance of Long & Short operations in the Forex market, increasing efficiency and reducing the need for manual intervention. This tool is especially useful for traders looking to explore arbitrage opportunities and take advantage of price fluctuations between related currency pairs.
In summary, the Long & Short EA for Forex is a solution aimed at facilitating and enhancing the execution of currency pair trading strategies, providing agility, precision, and control over the trades executed.
To better understand how to configure and use the Long & Short EA for Forex, access the link above, where you will find a detailed explanation of each parameter and how to interpret the control panel. Familiarizing yourself with these details is essential to maximizing the EA's potential and achieving the best possible results in the Forex market.
Download the strategy indicator now: Click here to download
DISCLAIMER:
Use at your own risk; this strategy is effective but not foolproof.
THIS SOFTWARE IS PROVIDED "AS IS" AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE DISCLAIMED. IN NO EVENT SHALL THE SELLER BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
