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AsctrendBuySellExpert_v1.6.mq4 - Top Forex Robot for LQDFX and FXOpen
Unlock trading success with our AsctrendBuySellExpert_v1.6.mq4 - a powerful Forex EA designed for optimal performance on LQDFX and FXOpen. This Expert Advisor (EA) utilizes advanced algorithms to maximize profits and minimize risks in the dynamic Forex market. Enhance your trading experience with the AsctrendBuySellExpert_v1.6.mq4 Forex Robot, your key to automated trading success. Download now and elevate your trading strategy.
AsctrendBuySellExpert_v1.6.mq4 12.76 kb, 36 downloads since 2015-04-23
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Elevate Your Trading Game with AsctrendBuySellExpert_v1.6.mq4 !
AsctrendBuySellExpert_v1.6.mq4 is designed to automate trading by combining multiple indicators like ASCTrend, Parabolic SAR, Stochastic, PriceChannel_Stop, and RSI to determine entry and exit points for trades, offering customization in trading hours, position sizing, and risk management.
The EA opens buy or sell orders based on a complex set of conditions:
Uses the ASCtrend indicator for primary buy/sell signals.
Employs Parabolic SAR, Stochastic Oscillator, and optionally RSI filters for additional trade confirmation.
Incorporates trading hour filters, stop loss, take profit, and trailing stop functionalities.
Partially closes positions based on predefined criteria.
Utilizes sound alerts for trading actions.
Place AsctrendBuySellExpert_v1.6.mq4 into your MT4's "Experts" folder.
Restart MT4 and locate the EA in the "Navigator" panel.
Drag the EA onto the desired chart.
Adjust the input settings as per your trading strategy.
Adjustable Parameters:
MAGIC: Unique identifier for the EA's orders (Default: 100111).
UseHourTrade, FromHourTrade, ToHourTrade: Control trading hours.
Lots: Trading lot size.
Slippage: Maximum price slippage for buy or sell orders.
lStopLoss, sStopLoss: Long and short stop loss values.
lTakeProfit, sTakeProfit: Long and short take profit values.
lTrailingStop, sTrailingStop: Long and short trailing stop values.
UseASCtrend, RISK: Toggle and set risk for ASCtrend indicator.
Step, Maximum: Parameters for Parabolic SAR.
KPeriod, DPeriod, Slowing: Settings for Stochastic Oscillator.
ChannelPeriod, Risk, TrailingMode: Settings for PriceChannel_Stop.
PartCloseMode, PartCloseTarget, PctLots: Controls for partial closing.
RSIPeriod, RSIPrice, RSIshift, BuyLevel, SellLevel: Settings for RSI filter.
xRSIPeriod, xRSIPrice, xRSIshift, xBuyLevelClose, xSellLevelClose: Settings for RSI exit strategy.
Optimal Settings Recommendation:
Currency Pair: GBP/USD
Time Frame: 30M
Lots: 0.1
lTakeProfit, sTakeProfit: 50
lTrailingStop, sTrailingStop: 20
RISK: 10
Step: 0.02, Maximum: 0.2
KPeriod: 14, DPeriod: 3, Slowing: 3
ChannelPeriod: 12, Risk: 0.2
RSIPeriod: 14, BuyLevel: 55, SellLevel: 45
Minimum Budget: $500
Parameter Explanation:
MAGIC: Helps to identify trades made by this specific EA.
lTakeProfit, sTakeProfit: Set to lower values for frequent, small gains.
lTrailingStop, sTrailingStop: Adjusted for tighter market following.
RISK in ASCTrend: Lowered to reduce risk and filter out weaker signals.
Step and Maximum in Parabolic SAR: Optimized for more responsive trend detection.
RSIPeriod, BuyLevel, SellLevel: Configured for effective overbought/oversold detection.
AsctrendBuySellExpert v1.6 offers a multifaceted approach to automated trading, blending various indicators for a comprehensive market analysis. Its effectiveness depends on market conditions and should be tested under different scenarios for optimal performance.
AsctrendBuySellExpert_v1.6.mq4 12.76 kb, 6 downloads since 2023-11-13
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