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DivergenceTrader_Ron_MT4_v11 Forex EA for LQDFX and FXOpen
Unlock the potential of your trading with DivergenceTrader_Ron_MT4_v11, a powerful Expert Advisor (EA) designed for optimal performance on LQDFX and FXOpen platforms. This Forex Robot leverages advanced algorithms to navigate market trends, ensuring precision and profitability. Elevate your trading experience with this cutting-edge Forex EA - your key to unlocking trading success.
DivergenceTrader_Ron_MT4_v11.mq4 10.89 kb, 34 downloads since 2015-04-23
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DivergenceTrader_Ron_MT4_v11 Forex EA + settings: Capture Market Turns Effortlessly
DivergenceTrader_Ron_MT4_v11 is an Expert Advisor (EA) designed for the MT4 platform. It focuses on trading based on the divergence between price movements and a Moving Average (MA). The EA places trades when the high, low, and open of the current price are either all above or below a specified Moving Average, indicating potential market turns.
Functionality Overview:
Trades are executed based on the position of the high, low, and opening prices relative to a moving average.
The EA uses an Exponential Moving Average (EMA) by default, but this can be customized.
It includes user-defined parameters for lot size, profit targets, stop loss limits, and the moving average.
The EA is designed to manage trades, adjusting for break-even points and closing trades based on profit or loss targets.
Setup Guide:
Download the DivergenceTrader_Ron_MT4_v11.mq4 file.
Place it in the 'Experts' folder within your MT4 directory.
Restart MT4 and apply the EA to the chart of the currency pair you wish to trade.
Adjustable Parameters:
Lots: Sets the trading volume.
MA_Period, MA_Price, MA_Mode: Define the moving average settings (period, price type, and mode).
ProfitMade: The profit target in currency value.
LossLimit: The maximum loss limit in currency value.
PLBreakEven: Pips gain after which to move stop loss to break-even (9999 = off).
Slippage: Maximum acceptable slippage in pips.
Optimal Settings for Divergence Trading:
Currency Pair: Works effectively with major pairs like EUR/USD, GBP/USD.
Time Frame: 1 hour (H1) for a balance between market noise and trend identification.
MA_Period: 88 (can be adjusted based on backtesting).
MA_Price: Typically PRICE_OPEN.
MA_Mode: MODE_EMA for a smooth analysis of trends.
ProfitMade/LossLimit: Adjust these values according to your risk appetite and backtesting results.
PLBreakEven: Set to a realistic value based on the currency pair's volatility.
Minimum Budget: Depends on the broker's requirements and your risk management strategy.
Here's a set of example settingsfor the EA:
Lots: 0.01
MA_Period: 88
MA_Price: PRICE_OPEN (usually equivalent to 0)
MA_Mode: MODE_EMA (usually equivalent to 1)
ProfitMade: 30
LossLimit: 20
PLBreakEven: 10
Slippage: 2
MagicNumber: 1234
Remember to backtest the EA with historical data for the specific currency pair and time frame you intend to trade. Adjust these settings as needed to align with your trading strategy and risk tolerance. It's also crucial to stay updated with market news and conditions, as these can significantly affect the EA's performance.
DivergenceTrader_Ron_MT4_v11.mq4 10.89 kb, 8 downloads since 2023-11-12
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