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Powerful Forex EA - stddeviationea.mq4 - Boost Your Trading Profits
Unlock the full potential of your trading with the stddeviationea.mq4 Expert Advisor (EA). This Forex Robot leverages advanced algorithms to analyze market trends, execute precise trades, and maximize your profits. Compatible with any broker, this EA has been rigorously tested on platforms like LQDFX and FXOpen.
Enhance your trading strategy with the stddeviationea.mq4 EA, a reliable tool for navigating the dynamic forex market. Elevate your trading experience, capitalize on market opportunities, and optimize your results effortlessly. Download now and experience the benefits of this cutting-edge Expert Advisor.
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This EA is designed to identify potential buy and sell signals based on market trends. It uses a combination of standard deviation indicators and moving averages to make trading decisions. When specific conditions align, it generates buy or sell signals to enter trades. Additionally, it offers features like stop loss, take profit, and trailing stop to manage risk.
How It Works:
The EA continuously monitors market conditions. When it detects that certain criteria are met, it generates buy or sell signals.
Once a signal is generated, the EA can automatically execute a buy or sell order for you.
It offers features like stop loss and take profit, which help limit potential losses and secure profits when specific price levels are reached.
This feature allows you to automatically adjust your stop loss as the market moves in your favor, locking in profits while minimizing risk.
To set up this EA, follow these steps:
Install the EA: Import the provided code into your MetaTrader platform.
Adjust the following settings according to your preferences:
Magic Number: A unique identifier for your EA.
SignalMail: Receive email notifications of trading signals (optional).
EachTickMode: Choose whether to operate on each tick or not.
Lots: Specify the lot size for your trades.
Slippage: Set the allowable slippage for order execution.
StopLossMode: Enable or disable the use of stop loss.
StopLoss: Define the stop loss value in pips.
TakeProfitMode: Enable or disable the use of take profit.
TakeProfit: Set the take profit value in pips.
TrailingStopMode: Enable or disable trailing stop.
TrailingStop: Set the trailing stop value in pips.
StdValue: A parameter related to standard deviation calculations.
Trading: Once the EA is set up, it will automatically analyze market conditions and execute trades when buy or sell signals occur.
Here are the winning settings:
Magic Number: 12345
SignalMail: Enable for email notifications.
EachTickMode: True (for precise trading).
Lots: 0.1 (adjust based on your risk tolerance).
Slippage: 3
StopLossMode: True (for risk management).
StopLoss: 15 pips
TakeProfitMode: True (to secure profits).
TakeProfit: 10 pips
TrailingStopMode: True (for trailing stop functionality).
TrailingStop: 15 pips
StdValue: 0.0010
These settings aim to strike a balance between risk and reward, helping you maximize your chances of success while managing potential losses.
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