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100 Pips v3.1.mq4 - Powerful Forex Robot Expert Advisor (EA)
Unleash the potential of your trading journey with the 100 Pips v3.1.mq4 Expert Advisor, a robust Forex Robot designed to optimize your trading experience. This EA is crafted for versatility and has undergone extensive testing on brokers like LQDFX and FXOpen, ensuring compatibility with various trading platforms. Elevate your trading strategies with this reliable Forex EA, unlocking the possibilities of automated trading for consistent gains. Download now for enhanced trading precision and efficiency.
100 pips v3.1(1).mq4 5.16 kb, 49 downloads since 2015-04-22
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Download 100 Pips a Day Forex EA + Winning Setting Suggestion!
This EA is watching the Forex market. It uses moving averages and price action to spot the best times to jump in and out, aiming for a cool 100 pips every single day.
Here's how it works:
Timeframe: you can choose the timeframe on which the EA will operate. It's recommended to keep it at 5 minutes (M5) for optimal performance.
Stop Loss & Take Profit:The EA allows you to set your desired stop loss and take profit levels. A stop loss is a price level at which the EA will automatically exit a trade to limit potential losses, while a take profit level is the price at which it will exit to secure profits.
Trailing Stop:The EA also employs a trailing stop feature, which adjusts the stop loss level as the trade moves in your favor. This helps maximize profits during favorable price trends.
When does it make a move?
For Buying: The EA opens a buy order when the current closing price is below a 7-period Simple Moving Average (SMA). For Selling: It opens a sell order when the current closing price is above a 6-period SMA.
Risk Management: The EA includes risk management features such as "Maximum Risk" and "Decrease Factor."
Maximum Risk defines the maximum percentage of your account balance that you are willing to risk on a single trade. The Decrease Factor helps adjust the lot size based on past losses to prevent excessive risk-taking.
Lot size refers to the number of units in a trade. The EA calculates an optimal lot size based on your account's free margin and the risk settings you've configured.
Colors: You can choose different colors for visual cues to distinguish buy and sell signals.
Setting Up the EA:
Timeframe: Set the timeframe to 5 (M5) minutes for best results.
Stop Loss and Take Profit: Customize these levels based on your risk tolerance and trading strategy.
Trailing Stop: Adjust the trailing stop values if needed.
Risk Management: Configure "Maximum Risk" and "Decrease Factor" according to your risk preferences.
Lot Size: Leave it as is or adjust it depending on your account size and risk tolerance.
Colors Alerts: Customize these settings to your liking.
Recomended Settings:
Timeframe: 5 minutes (M5)
Stop Loss: 50 pips (lower than the default)
Take Profit (Buy): 15 pips (lower than the default)
Take Profit (Sell): 10 pips (lower than the default)
Trailing Stop (Buy/Sell): 5 pips (lower than the default)
Maximum Risk: 1% (lower than the default)
Decrease Factor: 2 (lower than the default)
Lot Size: 0.01 (minimum lot size)
Colors Alerts: Customize as desired
These settings aim to reduce risk by setting tighter stop loss and take profit levels, as well as a lower maximum risk percentage. This approach prioritizes capital preservation over aggressive profit targets. So, go ahead and play around with the settings.
This EA could be the trusty tool you need to up your Forex game. Use it wisely!
100 pips v3.1(1).mq4 5.16 kb, 3 downloads since 2023-11-09
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