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Enhanced Daily Open Strategy: Download Now!
this is made on using of assortment of indicator. its try to predict the general direction of next day.If it thinks the day will be bearish, it puts up a sell pending only.
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MT4talk © Forex AI Signal - Trade Executor EA!
What do you mean sell pending, thanks for sharing anyway, I'll give it a try
NEW Bonus to MT4talk PRO Members!
MT4talk © Forex AI Signal - Trade Executor EA!
Martingle startagy is the best but must have equety. and it is divide into 1.5 % not devide in to dubble so it is good result
Check Out Daily_Opening_EA_v2!
https://mt4talk.com/viewtopic.php?pid=1704#p1704
Daily Opening EA v2 is a technical indicator-based trading EA that helps you make trading decisions based on the RSI, CCI, and MACD indicators. You can customize its parameters to match your risk preferences, and it's optimized for trading the EUR/USD pair on a 1-hour chart with a recommended minimal balance of $500.
Daily Opening EA v2 primarily relies on technical indicators to make trading decisions.
It monitors three key indicators: RSI (Relative Strength Index), CCI (Commodity Channel Index), and MACD (Moving Average Convergence Divergence).
The EA looks for specific conditions in these indicators to determine whether to go long (buy) or short (sell).
Here's how it works step by step:
The EA calculates the values of RSI, CCI, and MACD for the current market conditions.
Conditions for Going Long (Buy):
CCI is greater than 0 (indicating an upward trend).
RSI is above 50 (showing strength in the market).
MACD is positive (indicating bullish momentum).
Conditions for Going Short (Sell):
CCI is less than 0 (indicating a downward trend).
RSI is below 50 (showing weakness in the market).
MACD is negative (indicating bearish momentum).
The EA calculates the lot size based on your account equity and the risk percentage you've set.
It sets your Stop Loss (SL) and Take Profit (TP) levels to manage risk. SL limits potential losses, and TP locks in profits.
The EA places pending buy or sell orders at the appropriate price levels to enter the market when the conditions align.
Adjustable Parameters:
SL (Stop Loss): This is the maximum loss you're willing to tolerate on a trade. It's set at 100 by default but can be adjusted to match your risk tolerance.
TP (Take Profit): This is the level at which the EA closes the trade to secure profits. It's also set at 100 by default but can be customized.
Lots: The lot size represents the trade volume. Daily Opening EA v2 calculates it based on your account equity and risk percentage. The default is 0.01 lots, but you can change it.
Risk Percentage: This parameter determines what percentage of your account equity you're willing to risk on a trade. It's set at 0.02 (2%) by default, but you can adjust it to suit your risk appetite.
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