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Blessing 2 v5.0.mq4 - Proven Forex Expert Advisor for Profit
Enhance your trading experience with Blessing 2 v5.0.mq4, a powerful and reliable Expert Advisor (EA) designed for the forex market. This Forex Robot utilizes advanced algorithms to execute trades seamlessly, maximizing your potential profits. Tested on LQDFX and FXOpen, it seamlessly integrates with any broker. Elevate your trading strategy with Blessing 2 v5.0.mq4 - your key to consistent success in the dynamic world of forex trading.
blessing 2 v5.0.mq4 24.64 kb, 53 downloads since 2015-04-23
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Download this forex robot with setting recomendation.
This particular EA, known as Blessing, is designed to function as a versatile trading tool within the MetaTrader 4 (MT4) platform. It's quite fascinating because it empowers traders with customizable parameters, allowing for a tailored approach to trading in the Forex market. Now, let's break down the strategy behind it.
Account Balance and Portion: The EA starts by considering your account balance and the portion you want to allocate to a particular currency pair. This is a crucial aspect of risk management, ensuring that you trade with an amount you're comfortable with.
Equity Protection: One interesting feature is the ability to close all orders when negative floating losses become excessive. This level of protection can help safeguard your account during turbulent market conditions.
Money Management (MM): If you enable MM, Blessing adapts your lot size based on your account size. It's a smart way to scale your trading based on your risk tolerance and account size.
Grid Strategy: Blessing employs a grid-based strategy, which means it places pending buy and sell orders at predefined levels above and below the current market price. The grid size is dynamically adjusted based on the Average True Range (ATR), which is quite nifty. It allows you to capture price movements and potentially profit from ranging markets.
Market Conditions: The EA can determine market conditions using Moving Averages. If the price is above the Moving Average, it identifies an uptrend and focuses on long trades, and vice versa for a downtrend. For ranging markets, it can adapt to both long and short positions.
Hedging: Blessing also employs a hedging strategy, multiplying the lot size as the trade progresses. This strategy can capitalize on market volatility.
External Script Code: Towards the end of the code, you'll notice an "Equity Protection" function that helps protect your account by closing orders when negative floating losses reach a certain level. It's like an extra layer of risk management.
Recommended Settings: For users exploring this EA, here's a recommended setting:
Initial Account Balance: Start with an account balance that you are comfortable with.
Equity Protection Percentage: Consider setting it around 50% to protect your account from excessive losses.
Money Management: Enable this feature for dynamic lot sizing.
Grid Strategy: Auto-calculate the grid size based on ATR for better results.
Market Conditions: Experiment with using Moving Averages to identify trends.
Hedging: Carefully adjust the Multiplier based on your risk tolerance.
Power Off Stop Loss: Consider enabling it to protect your account.
In conclusion, Blessing seems to offer an intriguing strategy for Forex traders, especially those who appreciate flexibility and risk management. Give it a try and tailor it to your preferences.
Feel free to reach out if you have any more questions or need further insights into this strategy.
blessing 2 v5.0.mq4 24.64 kb, 5 downloads since 2023-11-09
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