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Heiken315_eapk.mq4 - Proven Forex EA for LQDFX and FXOpen
Unlock the potential of your trading journey with Heiken315_eapk.mq4, a powerful Expert Advisor (EA) designed for success. This Forex Robot delivers consistent results, offering automated trading excellence. Experience the precision of Heiken315_eapk.mq4 on trusted brokers like LQDFX and FXOpen. Elevate your trading game with this reliable Forex EA.
heiken315_eapk.mq4 15.74 kb, 37 downloads since 2015-04-23
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Heiken315_eapk.mq4 Master the Market with Heiken Ashi!
This EA utilizes the Heiken Ashi Smoothed indicator for trade entry and exit signals, combined with EMA (Exponential Moving Average) for trend confirmation. It incorporates trading session filters and a stop-out mechanism for enhanced trade management.
Functionality:
Heiken Ashi Smoothed Indicator: Determines entry and exit points. A buy is signaled when the Heiken Ashi turns blue, and a sell when it turns red.
EMA Confirmation: Uses a 24-period EMA to confirm the Heiken Ashi signal. Trades are only entered when the price is above (for buys) or below (for sells) the EMA.
Trading Sessions Filter: Allows trading only during specified times to avoid low liquidity periods.
Stop-out Delay: After a stop-out, the EA pauses trading for a defined period to avoid immediate re-entry in a volatile market.
Setup Guidance:
Install Heiken315_eapk.mq4 onto your MT4 platform.
Attach it to the desired chart, ideally a lower timeframe like 15 minutes for more frequent signals.
Fine-tune the settings in the EA to match your trading style and risk tolerance.
Adjustable Parameters:
Lots, MaximumRisk: Determine trade size and risk per trade.
Stoploss, TakeProfit, TrailingStop: Define exit strategies and loss management.
Trading Hours Filter: Set trading sessions to enable/disable trading during specific hours.
Delay After Win/Stop: Implement delay in trading after a winning or losing trade.
Optimal Settings Recommendation:
Currency Pair: EUR/USD
Time Frame: 15 minutes
Lots: 0.1 (or based on risk management strategy)
MaximumRisk: 2%
Stoploss: 70 pips
TrailingStop: Adjust according to volatility (e.g., 30 pips)
UseTradingHours: True, to avoid low liquidity periods
TradeSession1: Adjust according to active market hours (e.g., London or New York session)
Explanation of the Strategy Settings:
EMA and Heiken Ashi: Ensures trades are taken in the direction of the trend, increasing the likelihood of profitable trades.
Stoploss and TrailingStop: Manages the risk and protects profits as the price moves favorably.
Trading Hours Filter: Avoids periods of low liquidity where price movements can be erratic and unpredictable.
Delay Mechanism: Prevents immediate re-entry into the market after a loss, reducing the impact of emotional trading decisions.
Heiken315_eapk.mq4is ideal for traders who prefer a blend of technical analysis with strict trade management rules, providing a structured approach to navigating the Forex market.
heiken315_eapk.mq4 15.74 kb, 5 downloads since 2023-11-13
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