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Stop Hunter EA
This EA is based on the strategy "Stop Hunting with the Big Players".
It sends BuyStop and SellStop orders at the given Distance from the round price targets.
the settings is given bellow..
Zeroes: the number of zeroes at the right of the price.
Distance: how far from the round price target should the order be placed.
The other settings are usual.
Stop_Hunter(1).mq4 15.84 kb, 69 downloads since 2014-10-08
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Stop Hunter EA
https://mt4talk.com/viewtopic.php?pid=1681#p1681
The Stop Hunter EA outsmarting the big players in the market. This EA sends BuyStop and SellStop orders at specific distances from the current price. What's cool is that it keeps the TakeProfit and StopLoss hidden from your broker, so you can set them close to the spread.
How this EA works:
It looks at the current price and calculates the BuyStop and SellStop levels.
You can adjust the "Zeroes" to determine the precision of these levels.
If you have enough margin and the market conditions are right, it places these orders.
Once an order is triggered, it manages it with a hidden TakeProfit and StopLoss.
It can also handle partial closing of orders to lock in profits.
Adjustable Parameters:
Zeroes: Determines the precision of price levels. Higher values mean more decimal places are considered.
Suggested Setting: 2 (This works well for most currency pairs).
Distance: Defines the distance from the current price where BuyStop and SellStop orders are placed.
Suggested Setting: 15 (A good starting point, but you can adjust it based on your strategy and market conditions).
TakeProfit: Hidden TakeProfit value for orders. It's the level at which the EA will close a trade to capture profits.
Suggested Setting: 15 (Again, you can fine-tune this based on your risk tolerance and market analysis).
StopLoss: Hidden StopLoss value for orders. It's the level at which the EA will close a trade to limit losses.
Suggested Setting: 15 (Adjust it as needed to match your risk management plan).
LongOrders: Enable or disable BuyStop orders.
Suggested Setting: TRUE (Enable if you want to allow BuyStop orders; set to FALSE if you don't).
ShortOrders: Enable or disable SellStop orders.
Suggested Setting: TRUE (Enable if you want to allow SellStop orders; set to FALSE if you don't).
Risk_percent: The percentage of your free margin that you're willing to risk for each trade.
Suggested Setting: 5 (This is a moderate risk setting; adjust it based on your risk appetite).
minLots: The minimum lot size for your trades.
Suggested Setting: 0.1 (A common minimum lot size; adjust it according to your broker's requirements).
maxLots: The maximum lot size for your trades.
Suggested Setting: 30 (A reasonable maximum lot size; you can lower it for more conservative trading).
MaxBuyPos: Maximum number of Buy positions allowed simultaneously.
Suggested Setting: 1 (Limiting it to 1 means only one Buy position can be open at a time).
MaxSellPos: Maximum number of Sell positions allowed simultaneously.
Suggested Setting: 1 (Limiting it to 1 means only one Sell position can be open at a time).
magic: A unique identifier (like a secret code) for the EA's orders.
Suggested Setting: 3265 (You can choose any number you like, just ensure it's unique).
Its strategy is clear and cunning, helping you catch profitable trades while keeping your risk in check. Plus, you have the power to tailor it to your preferences with those adjustable parameters.
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