Print
Pinterest
Gmail
Email App
Log in or register to download unlimited Forex robots!
Advanced Forex Robot - Expert Advisor (EA) for MT4 - Download Now!
Explore the capabilities of 'managetp v4.5 bis comment.mq4,' a powerful Forex robot designed to optimize trading strategies on the MT4 platform. This Expert Advisor (EA) automates trade executions, enhancing your trading experience with precision and efficiency.
Our extensive testing on brokers like LQDFX and FXOpen ensures compatibility across various platforms. With proven results, this Forex EA empowers traders to navigate the dynamic market with confidence. Download 'managetp v4.5 bis comment.mq4' today and elevate your trading game with this reliable and adaptable solution.
managetp v4.5 bis comment.mq4 7.21 kb, 34 downloads since 2015-04-19
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
Managetp v4.5 bis comment.mq4 Forex EA focuses on managing take profit levels and trailing stop orders for open positions. The EA allows you to set specific take profit targets and stop levels, helping you optimize your trading strategy.
The EA operates based on the following key parameters:
Take Profit Targets: You can set your desired take profit target in pips using the "First_Target" parameter. This is the profit level at which the EA will automatically close part or all of your position.
Take Profit Increment: The "Target_Increment" parameter defines the increment value for the take profit targets. As the price moves in your favor, the EA will adjust the take profit targets by this increment.
Close Lots Percentage: "Close_Lots_Percent" allows you to specify what percentage of your position you want to close when a take profit target is reached. It's a risk management feature that helps secure profits.
Trailing Stops: The EA can also move stops to lock in profits. It uses the "First_Stop_Target," "Second_Stop_Target," and so on, parameters to determine when to activate trailing stops. These values indicate the distance in pips from the entry price at which the EA will start trailing the stop.
Maximum Loss: You can set a maximum loss level using the "Max_Loss" parameter. If your open trades reach this maximum loss, the EA will close them to limit potential losses.
To set up this EA, follow these steps:
Attach the EA to your MetaTrader 4 chart for the currency pair you want to trade.
In the EA settings, configure the parameters to match your trading preferences. Specifically, you should define your take profit target, the take profit increment, close lots percentage, and maximum loss.
The EA will continuously monitor your open positions, calculating profit or loss in pips.
When the price reaches a specified take profit target, the EA will automatically close a portion of your position, as defined by the close lots percentage.
The EA will also trail the stop loss if the price moves in your favor, based on the trailing stop parameters you've set.
If your trades reach the defined maximum loss level, the EA will close them to protect your account.
This EA aims to simplify and automate the process of managing take profit levels and stop losses, making it easier for traders to implement their strategies effectively.
managetp v4.5 bis comment.mq4 7.21 kb, file has never been downloaded.
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.