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e-ASCTrend.mq4 - Powerful Forex Expert Advisor for Profitable Trading
Discover the potential of e-ASCTrend.mq4, a reliable Forex Robot designed to enhance your trading experience. This Expert Advisor (EA) employs advanced algorithms to analyze market trends and execute precise trades, optimizing your trading strategy. Tested on popular brokers like LQDFX and FXOpen, e-ASCTrend.mq4 ensures compatibility with various platforms. Elevate your trading with this efficient Forex EA, unlocking opportunities for consistent profits and strategic trading maneuvers.
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The strategy behind this e-ASCTrend.mq4 Forex EA is to identify trends in the market and take advantage of them. It uses something called the PercentR indicator to figure out if the market is in an upward or downward trend. When it sees an opportunity, it places a buy or sell order.
Now, let me give you the lowdown on how this EA works. It has a few settings that you can adjust to your liking:
Lots: This is like your bet size. You can decide how much you want to bet on each trade.
SL (Stop Loss): It sets a price level where, if the market goes against you, the EA will automatically sell to limit your losses.
TP (Take Profit): This is your goal. It sets a price level where, if the market moves in your favor, the EA will automatically sell to lock in your profits.
RISK: This is like your risk tolerance. It determines how much risk you're willing to take on each trade.
Tral: This is a feature that helps you trail your stop-loss and take-profit levels as the market moves.
TStOp and TStEp: These are settings for Tral, and they control how far your stop-loss and take-profit levels trail behind the market price.
Bezubitok: This is another Tral setting that helps you set a breakeven level, so if the market moves in your favor, you won't lose money.
MM (Money Management): When turned on, it adjusts your bet size based on your account balance and risk tolerance.
Just remember that when SigUP (signal for an upward trend) is 1, it'll place a buy order. And when SigDN (signal for a downward trend) is 1, it'll place a sell order.
To set up this EA, you need to:
Attach it to your trading platform.
Adjust the settings (Lots, SL, TP, RISK, etc.) to match your trading style and risk tolerance.
Turn on Tral and configure its settings if you want to use it.
Consider turning on MM for smart money management.
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