Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Only 5 Copies of 5 Left for 599 USD Next Price 799 USD
Meong EA uses the concept Trend is your friend, follow the trend
Trend is a term tendency (direction) of price change in the market. From this general definition of trend come the consequences:
Direction of price change depends on timeframe, on which price timeseries is considered. The direction of price change depends on the reference point, from which starts the analysis of timeseries to identify a trend.
Meong EA has good ability determining optimal entry points during a trend.
Although this EA can perform well on most of time frames, it’s ideal to be used on the 5 Minutes time frame, making it highly acceptable for scalper traders.
Recommendations
- Currency pair: XAUUSD/GOLD
- Timeframe: M5
- Minimum deposit : $300
- Account type: Hedge
- The recommended account leverage is 1:100 or more
- VPS hosting 24/7 is strongly advised.
Parameters Setting
- MagicNumber: The bot's unique identifier.
- OrderComment; Comment on Trade transaction
- Stoploss; stoploss the order in pips.
- AutoSL; set true while using Automatic calculate stoploss
- Trailing Start; Trailing activated in pip
- Trailing Stop; TrailingStop
- AutoLots = true; True if you want EA Auto Calculate Lotsize.
- Risk; Risk for Calculate lotsize if using autolots.
- ManualLots; lotsize while autolots set to false.
