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Optimize Your Trading with coinflipwithmm-v2.mq4 - Expert Advisor for
Enhance your forex trading experience with the coinflipwithmm-v2.mq4 Expert Advisor (EA). This powerful Forex Robot is designed to maximize your trading potential, providing automated solutions for optimal results. Tested on brokers like LQDFX and FXOpen, this EA ensures compatibility with a wide range of brokers.
Unlock the full potential of your trading strategy with the coinflipwithmm-v2.mq4 EA, a reliable tool to streamline your trading process. Take advantage of the advanced features that this Expert Advisor offers, making it suitable for both novice and experienced traders.
Experience the benefits of automated trading without ownership claims. The coinflipwithmm-v2.mq4 EA is your key to navigating the dynamic forex market efficiently. Elevate your trading journey with this versatile and adaptable Forex Robot. Download now and boost your trading performance.
coinflipwithmm-v2.mq4 5.63 kb, 34 downloads since 2015-04-23
coinflipwithmm-v2.mq4 5.63 kb, 21 downloads since 2015-04-23
coinflipwithmm-v2.mq4 5.63 kb, 21 downloads since 2015-04-23
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Transform Your Trading with CoinflipwithMM EA!
CoinflipwithMM is a unique Expert Advisor (EA), It's based on a simple yet effective trading approach that adapts to market conditions. The EA uses a combination of stop loss and take profit orders, coupled with dynamic lot size adjustments. It's crafted to cater to both buy and sell orders, ensuring a balanced strategy.
How this EA works:
Trade Initialization: CoinflipwithMM starts by checking the last trade and adjusts the lot size based on the outcome - increasing after a loss and decreasing after a win.
Order Management: It places either a buy or sell order depending on the market condition, with specific stop loss and take profit levels.
Dynamic Lot Sizing: The EA dynamically adjusts the lot sizes based on the previous trade's result, within the set minimum and maximum limits.
Magic Number Generation: It employs a unique magic number for each trade, considering the currency pair and time frame.
Balance and Trade Monitoring: Displays current balance, equity, and details of buy and sell orders for easy tracking.
Setup Guidance:
Download the mq4 file for CoinflipwithMM.
Install the file into your MT4's Experts directory.
Restart MT4 to load the EA.
Drag and drop the EA onto your desired chart.
Adjust the parameters in the settings:
ExpertID: Unique identifier for the EA.
StopLoss: Stop loss value in pips.
TakeProfit: Take profit value in pips.
Slippage: Maximum price slippage for buy or sell orders.
Lots: Starting lot size for the first trade.
IncrementSize: Lot size increment after a losing trade.
DecrementSize: Lot size decrement after a winning trade.
Winning Strategy Settings:
ExpertID: 3224888
StopLoss: 40
TakeProfit: 43
Slippage: 3
Lots: 0.1
IncrementSize: 0.1
DecrementSize: 0.1
Currency: EURUSD
Timeframe: 1H
Minimal Balance: $1000
Explanation of Winning Strategy Settings:
ExpertID ensures unique operation without interference.
StopLoss and TakeProfit are set to optimize risk-reward balance.
Slippage controls the maximum price deviation for order execution.
Lots manage the trade size, starting conservatively.
IncrementSize and DecrementSize adaptively manage risk after each trade.
The strategy is optimized for the EURUSD pair on a 1-hour timeframe, requiring a minimal balance of $1000 to start effectively.
Limitations and Risks:
The trading strategy is very rudimentary, essentially resembling a "coin flip" approach, alternating between buy and sell without any sophisticated market analysis.
The use of a Martingale-like strategy can be risky. Increasing the trade size after a loss can lead to significant drawdowns or margin calls, especially in unfavorable market conditions.
CoinflipwithMM is a basic MetaTrader 4 EA that alternates between buy and sell orders with a simple money management system that adjusts lot sizes based on the outcomes of previous trades. The strategy used is quite basic and carries significant risks, especially in volatile market conditions.
coinflipwithmm-v2.mq4 5.63 kb, 10 downloads since 2023-11-14
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