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Console 2002 EA - Proven Forex Robot for Reliable Trading Results
Unlock the full potential of your trading with the Console_2002_ea.mq4 Expert Advisor. This Forex Robot is designed for optimal performance and has been extensively tested on popular platforms like LQDFX and FXOpen, ensuring compatibility with various brokers. Elevate your trading experience with this advanced EA, a reliable tool for navigating the dynamic Forex market. Take advantage of its cutting-edge features and enhance your trading strategy today. Download the Console_2002_ea.mq4 file to optimize your trading efficiency with this powerful Expert Advisor.
console_2002_ea.mq4 8.4 kb, 31 downloads since 2015-04-23
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Elevate Your Trading with Console_2002_EA!
Console_2002_EA is a specialized MT4 Expert Advisor incorporates a unique blend of technical indicators and money management strategies to optimize trading performance. It's particularly effective in identifying favorable market conditions for entry and exit, using a combination of volume analysis, ATR-based stop loss, and a Linear Regression Channel indicator (LCD).
How This EA Works
Money Management: Adopts a dynamic lot size based on the account's free margin, risk appetite (MaximumRisk), and a decrease factor to mitigate losses.
Trade Entry: Utilizes volume data, ATR, and LCD to identify high-probability trading opportunities. It enters trades when the market shows a strong trend as indicated by the LCD.
Trade Management: Employs a trailing stop loss, adjusted based on the ATR and fractals, to protect profits and minimize losses.
Customization: Offers various adjustable parameters like TakeProfit, ATRperiod, LCDEMAPeriod, and more for personalized strategy alignment.
Setup Guidance
Download the mq4 file of Console_2002_EA.
Place it in the 'Experts' folder of your MT4 platform.
Restart MT4 and add the EA to your desired chart.
Adjust the parameters:
Adjust the parameters in the EA settings:Lots: Starting lot size.
MaximumRisk: Percentage of account balance to risk per trade.
DecreaseFactor: Factor to decrease lot size after losses.
BrokerSpread: Expected broker spread in pips.
TakeProfit: Take profit level in pips (0 to deactivate).
VolumeTime, VolumeValue: Parameters for volume analysis.
ATRperiod, ATRlevel: Settings for Average True Range indicator.
LCDEMAPeriod, LCDLSMAPeriod, LCDFromZero: Settings for the LCD indicator.
OnlyLCDChange: Boolean to decide if trades are based only on LCD changes.
Slippage: Maximum slippage allowed.
Winning Strategy Settings:
Currency Pair: EUR/USD
Timeframe: 1 Hour (H1)
Minimum Balance: $1000
Lots: 0.05
MaximumRisk: 0.05
DecreaseFactor: 3
BrokerSpread: 2
TakeProfit: 100
VolumeTime: 2
VolumeValue: 200
ATRperiod: 14
ATRlevel: 0.6
LCDEMAPeriod: 34
LCDLSMAPeriod: 25
LCDFromZero: 3
OnlyLCDChange: true
Slippage: 3
Explanation of Winning Strategy Settings:
Currency Pair EUR/USD: This pair is known for its liquidity and clear trends, which is beneficial for this EA.
Timeframe 1 Hour (H1): This timeframe offers a balance between short-term movements and longer trend analysis.
Minimum Balance $1000: Sufficient balance to handle the prescribed lot size and risk.
Lots 0.05: A moderate lot size that balances risk and reward.
MaximumRisk 0.05: This setting allows for a 5% risk of the account balance, balancing risk and potential gains.
DecreaseFactor 3: Helps reduce lot size after consecutive losses, protecting the balance.
BrokerSpread 2: Assumes a moderate spread, suitable for major pairs like EUR/USD.
TakeProfit 100: Aiming for a profit of 100 pips, which is realistic and profitable on the H1 timeframe.
VolumeTime 2 and VolumeValue 200: These settings help filter trades based on market volume, enhancing trade quality.
ATRperiod 14 and ATRlevel 0.6: These settings are used for calculating stop-loss, providing a dynamic and market-sensitive risk management.
LCDEMAPeriod 34 and LCDLSMAPeriod 25: These settings determine the periods for the custom LCD indicator, which is crucial for entry signals.
LCDFromZero 3: Ensures a buffer from the zero level, adding to the robustness of the entry signal.
OnlyLCDChange true: Focuses on taking trades only when there's a change in the LCD indicator, filtering out less probable trades.
Slippage 3: Allows some slippage in fast-moving markets, which is practical for real-world trading.
console_2002_ea.mq4 8.4 kb, 6 downloads since 2023-11-14
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