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OsMaSter_V0 EA
The Expert Advisor OsMaSter_V0 perform trading based on the analysis of the indicator OsMA.
TF = 0; Period. May be the one of 0, 1, 5, 15, 30, 60, 240, 1440, 10080, 43200. 0 means the period of the current chart.
fast_ema_period = 9; averaging period for calculating the fast moving average.
slow_ema_period = 26; averaging period for calculating the slow moving average.
signal_period = 5; averaging period to calculate the signal line.
OsMaSter_V0.mq4 7.55 kb, 40 downloads since 2014-10-08
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OsMaSter_V0 EA!
https://mt4talk.com/viewtopic.php?pid=1686#p1686
OsMaSter_V0 relies on moving averages, which are like trend indicators. It looks at two types of moving averages: fast and slow. When these moving averages cross each other in a certain way, the EA gives you a signal to either buy or sell a currency pair.
Here's how it works:
If the fast moving average goes above the slow one, it suggests a "Buy" signal. This means it's a good time to consider buying that currency pair.
On the flip side, if the fast moving average goes below the slow one, it gives a "Sell" signal. This is when you might want to think about selling that currency pair.
- The strategy is straightforward. You don't need to be a trading expert to understand when to buy or sell. The EA does the analysis for you.
- It's not based on gut feelings or emotions. The EA follows a clear set of rules, so there's less room for impulsive decisions.
- You can adjust various parameters like the lot size (how much you want to trade), stop loss (to limit potential losses), and take profit (to lock in profits). This flexibility allows you to tailor the EA to your risk tolerance and trading style.
Adjustable Parameters:
Timeframe (TF): This sets the chart timeframe the EA will analyze.
Fast EMA Period: Determines the period for the fast moving average.
Slow EMA Period: Sets the period for the slow moving average.
Signal Period: Defines the period for the signal line.
Applied Price: Specifies which price the EA should use for calculations.
Shift 1 to Shift 4: These are shifts for different calculations.
Lots: Controls the trade size (how much you're buying or selling).
Stop Loss: Sets a limit on potential losses.
Take Profit: Locks in profits at a specified level.
Magic Number: A unique identifier for the EA's trades.
Slippage: Helps avoid unwanted price changes.
Number of Tries: Determines how many times the EA will attempt a trade.
Use Sound: Allows you to enable or disable trading sounds.
Sound File Name: Specifies the sound file for trading alerts.
Buy Signal Color: Choose the color for "Buy" signals.
Sell Signal Color: Choose the color for "Sell" signals.
In my opinion, OsMaSter_V0 is a great tool for traders who want a straightforward approach to forex trading. It provides clear signals and allows customization to fit your preferences. Plus, it takes the emotion out of trading, which can be a significant advantage in the volatile world of forex.
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