100 Pips v4.3 1hrma Mod.MQ4 - Powerful Forex Expert Advisor

Explore the capabilities of the 100 Pips v4.3 1hrma Mod.MQ4, a robust Forex Robot designed to optimize trading strategies and enhance profitability. This Expert Advisor (EA) has undergone thorough testing on platforms like LQDFX and FXOpen, ensuring compatibility with various brokers. Elevate your trading experience with a reliable automated solution that aims for consistent gains in the dynamic forex market. Download the 100 Pips v4.3 1hrma Mod.MQ4 now and unlock the potential for improved trading outcomes with this versatile EA.

So, let me break down this 100 pips v4.3 1hrma mod.MQ4Forex EA.

This EA operates within your chosen timeframe, using moving averages (EMA) to make trading decisions. It checks your account's free margin to ensure you have sufficient funds, and it won't open new positions if you're low on funds. The EA also avoids overtrading by checking for existing positions with the same strategy.

When the conditions align, it can open buy or sell orders with specified lot sizes, stop losses, and take profits. If the price moves in your favor, the trailing stop adjusts the stop loss to lock in gains. Plus, it provides visual cues with colors for easy monitoring.

First, you need to set it up in your MetaTrader platform. You can customize some settings like the timeframe, stop loss, take profit, trailing stops, and more. These settings allow you to tailor the EA to your trading preferences.

Now, let's talk about how this EA works:

Timeframe: The EA works on a specified timeframe (default is 1 hour). It analyzes price movements within this timeframe to make trading decisions.
Stop Loss: You can set the maximum loss you're willing to tolerate for each trade. If the price goes against you and reaches this level, the EA will automatically close the trade to limit your losses.
Take Profit: This is where you secure your profits. You specify the profit level at which you want the EA to close the trade automatically. It helps you lock in gains when the price moves in your favor.
Trailing Stops:If you enable this feature, the EA will adjust your stop loss as the price moves in your favor. It's a way to protect your profits while letting your winning trades run.
Colors: The EA uses different colors for various actions. For example, it uses blue for opening buy orders, aqua for closing buy orders, red for opening sell orders, and violet for closing sell orders. These colors make it easy to visually understand what's happening.
Account Free Margin: The EA checks your account's free margin before taking any trading action. If your free margin is not sufficient to cover the trade, it won't open new positions to prevent you from risking more than you can afford.
ExistPositions Function: This function checks if there are any open positions with the same trading strategy. If there are, it won't open new ones to avoid overtrading.
TrailingPositionsBuy and TrailingPositionsSell Functions: These functions are responsible for trailing the stop loss for buy and sell orders, respectively. They ensure that as the price moves in your favor, your stop loss is adjusted to protect your gains.
ModifyStopLoss Function: If a trade is in profit and the trailing stop is active, this function adjusts the stop loss level to lock in gains. It also allows you to play a sound notification if desired.
OpenBuy and OpenSell Functions: These functions are responsible for opening buy and sell orders when specific conditions are met. They calculate the lot size, stop loss, and take profit based on your settings.

Lot Size (Lots): Lot size refers to the quantity of a currency pair you're trading. You can specify the lot size you're comfortable with. It's essential to choose a lot size that aligns with your risk tolerance.
Slippage: Slippage accounts for potential price variations between the moment you place an order and when it's executed. It's a buffer to ensure your orders get filled even if the market is moving fast.
Use Sound: You can choose to enable or disable sound notifications. When sound is on, the EA will play a designated sound file to alert you of certain events, like modifying stop losses.
Sound File: If you decide to use sound notifications, you can specify the sound file you want the EA to play when certain events occur. It adds an auditory element to your trading experience.

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