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Daily Scalping EA v1[1].0e3.mq4 - Forex Robot for Consistent Profit
Unlock the full potential of your trading with the Daily Scalping EA v1[1].0e3.mq4, a robust expert advisor designed to optimize your Forex trading experience. This EA employs advanced algorithms to execute precise trades, ensuring consistent profits in various market conditions.
Experience the power of automated trading with this reliable Forex robot. The Daily Scalping EA is meticulously crafted to deliver efficient and effective trading strategies, making it a valuable addition to any trader's toolkit. Enhance your trading performance without the need for constant manual monitoring.
Tested on reputable platforms such as LQDFX and FXOpen, this EA guarantees compatibility with a wide range of brokers. Achieve financial success with the Daily Scalping EA v1[1].0e3.mq4 - your key to unlocking profitable opportunities in the Forex market.
Download now and elevate your trading game with this expert advisor. Explore the possibilities of automated trading without ownership claims – let the results speak for themselves.
daily scalping ea v1[1].0e3.mq4 13.03 kb, 36 downloads since 2015-04-22
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Don't miss out - download the Daily Scalping Expert Advisor (EA) now and get the suggested settings!
The Daily Scalping EA primarily focuses on intraday trading, making use of daily candlestick patterns to determine the market trend. It identifies bullish and bearish conditions by analyzing the candlestick patterns of the previous three days. When a favorable trend is identified, the EA places either a Buy or Sell order, and it can continue opening additional orders if the previous ones reach their stop-loss or take-profit levels.
How the EA Works:
The EA analyzes the daily candlestick patterns of the past three days to determine if the market is in a bullish or bearish trend.
At midnight GMT, the EA checks the current trend and places an initial Buy or Sell order, depending on the trend direction.
It sets stop-loss and take-profit levels based on user-defined parameters. These levels are crucial for managing risk and locking in profits.
The EA continuously monitors open trades and checks if they have reached their stop-loss or take-profit levels.
Additional Orders: If a trade closes due to reaching either the stop-loss or take-profit, the EA can open additional orders in the same direction to capitalize on the trend.
At a user-defined hour, the EA closes all open orders to avoid holding positions overnight.
Setting up the Daily Scalping EA is straightforward:
You can adjust parameters such as Take Profit, Stop Loss, Lot size, and more to align with your trading preferences.
Set your desired GMT shift to match your broker's timezone.
Decide whether you want to use money management (calculating lot size based on risk) or not.
For optimal results, consider the following settings:
Take Profit: 100 pips
Stop Loss: 40 pips
Lot Size: 0.1
Risk Management: Enabled with a risk percentage of 2-3%
Slippage: 3 pips
Maximum Loss Trades Per Day: 2
By following these settings, you can effectively control your risk and improve your trading results.
daily scalping ea v1[1].0e3.mq4 13.03 kb, 3 downloads since 2023-11-09
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