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Dealer Lots Management Manual Forex EA - Reliable Expert Advisor
Unlock the potential of your trading with the Dealer Lots Management Manual.mq4, a powerful Forex Robot designed to enhance your trading experience. This Expert Advisor (EA) operates seamlessly on MT4, offering efficient and precise execution of trades. Tested on brokers like LQDFX and FXOpen, this EA is compatible with various brokers, ensuring flexibility in your trading choices.
The Dealer Lots Management Manual.mq4 optimizes your trading strategy, providing advanced risk management and maximizing profit potential. Elevate your trading game with this reliable EA, trusted by the Forex community. Download now and experience the benefits of automated trading with precision and control.
dealer_lots_management_manual.mq4 9.48 kb, 31 downloads since 2015-04-23
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Trade with Dealer Lots Management Manual EA!
This EA is intended for traders who want a flexible tool to automate their Forex trading with predefined profit targets, stop losses, and the option to trail stops. It also allows for dynamic lot size adjustments and provides protection mechanisms to help manage risk.
Here's a quick rundown:
Take Profit (TakeProfit): Set your profit target in pips.
Lots (Lots): Determine the size of your trading position.
Initial Stop (InitialStop): Set the initial stop loss in pips.
Trailing Stop (TrailingStop): Activate a trailing stop feature.
Now, let's get you started:
How to Use:
Download the .mq4 file.
Open MetaEditor in your MetaTrader 4 platform.
In MetaEditor, click on "File" and select "Open" to open the .mq4 file.
Compile the code by clicking on "Compile" (F7) in MetaEditor.
Load the EA onto your MetaTrader 4 platform.
Adjust the parameters to your liking.
TakeProfit: Set your target profit in pips.
Lots: Determine the size of your trading position.
InitialStop: Set the initial stop loss in pips.
TrailingStop: Activate a trailing stop feature.
MaxTrades: Define the maximum number of open trades allowed.
Pips: Set the minimum distance in pips between orders.
SecureProfit: Specify a profit threshold to protect your account.
AccountProtection: Enable or disable account protection.
OrderstoProtect: Determine the number of orders to trigger account protection.
ReverseCondition: Enable or disable the reversal of trading conditions.
EURUSDPipValue: Set the pip value for the EURUSD currency pair.
GBPUSDPipValue: Set the pip value for the GBPUSD currency pair.
USDCHFPipValue: Set the pip value for the USDCHF currency pair.
USDJPYPipValue: Set the pip value for the USDJPY currency pair.
StartYear: Define the starting year for trading.
StartMonth: Define the starting month for trading.
EndYear: Define the ending year for trading.
EndMonth: Define the ending month for trading.
EndHour: Specify the ending hour for trading.
EndMinute: Specify the ending minute for trading.
mm: Enable or disable dynamic lot size adjustment based on account balance.
risk: Set the percentage of account balance used for lot size calculation.
AccountisNormal: Specify if the trading account is normal (1) or mini (0).
ptimal Settings for Winning Strategy:
Currency Pair: EURUSD
Minimum Balance: $1000
Time Frame: 1-Hour (H1)
TakeProfit: 40 pips
Lots: 0.1
InitialStop: 0 pips
TrailingStop: 20 pips
MaxTrades: 10
Pips: 15 pips
SecureProfit: 10
AccountProtection: 1
OrderstoProtect: 3
ReverseCondition: 0
EURUSDPipValue: 10
GBPUSDPipValue: 10
USDCHFPipValue: 10
USDJPYPipValue: 9.715
StartYear: 2005
StartMonth: 1
EndYear: 2005
EndMonth: 12
EndHour: 22
EndMinute: 30
mm: 0
risk: 12
AccountisNormal: 0
And there you have it! With these settings, you're all set to trade like a pro. Remember, this EA is designed to make your trading smoother, but it's essential to keep an eye on your trades and market conditions. Also, these settings are suggested for the winning strategy, but remember to adjust them according to your own risk tolerance and trading preferences.
dealer_lots_management_manual.mq4 9.48 kb, 1 downloads since 2023-11-21
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