E_3_03_001 Forex EA - Proven Performance, Universal Compatibility

Unlock the potential of your trading with E_3_03_001.mq4, a reliable Expert Advisor designed to optimize your Forex strategies. This Forex Robot delivers consistent results and has been rigorously tested on LQDFX and FXOpen, ensuring compatibility with any broker. Elevate your trading experience with this powerful EA today.

Automate Your Trading with E_3_03_001 Forex EA EA

The EA is based on Envelope indicators, which consist of upper and lower bands around a moving average. The EA places buy and sell stop orders when certain conditions are met.

How It Works:

The EA uses the Envelope indicator on a specified time frame (e.g., 5 minutes) to calculate upper and lower bands around a moving average.
It places buy stop orders (buying when the price goes above the upper envelope band) and sell stop orders (selling when the price goes below the lower envelope band) during specific trading hours (defined by TimeBegin and TimeEnd parameters).
The EA has different options for setting stop-loss (TSL) levels:

UseMaElineTSL: This option allows you to choose whether to use a moving average or opposite envelope line as the trailing stop-loss.
BreakEvenTSL: If enabled, it sets a break-even trailing stop-loss after a certain number of pips in profit.
FastMaTSL: If enabled, it uses a fast moving average as the trailing stop-loss.
FixedPipTSL: If enabled, it uses a fixed pip value for the trailing stop-loss.

The EA also has options for setting multiple take-profit levels (FirstTP, SecondTP, ThirdTP) to lock in profits.
It calculates the lot size based on your specified risk percentage of your account balance (MaximumRisk) and can reduce lot size during a losing streak (DecreaseFactor).
You can set it to delete pending stop orders if needed (DeleteOrders).

Adjustable parameters for the EA:

EnvTimeFrame: The time frame for the Envelope indicator.
EnvelopePeriod: Moving average length for the Envelope.
EnvMaMethod: Method for calculating the moving average (0 = Simple, 1 = Exponential, 2 = Smoothed, 3 = Linear Weighted).
MaShift: Shift relative to the current bar for indicator data.
EnvelopeDeviation: The width of the envelope.
UseMaElineTSL: Enable moving average or opposite envelope line trailing stop loss.
MaElineTSL: Trailing stop loss method (0 = iMA trailing SL, 1 = Opposite Envelope line, 2 = Near Envelope line).
BreakEvenTSL: Enable break-even trailing stop loss.
BreakEvenPips: Pips above/below order open price for break-even SL.
FastMaTSL: Enable fast moving average trailing stop loss.
FastMaPeriod: Moving average length for the fast trailing stop loss.
FastMaMethod: Method for calculating the fast moving average (0 = Simple, 1 = Exponential, 2 = Smoothed, 3 = Linear Weighted).
FastMaShift: Shift relative to the current bar for fast MA.
FixedPipTSL: Enable fixed pip trailing stop loss.
FixedPipTSLPips: The number of pips to trail with fixed pip TSL.
FixedPipTSLTrigger: The number of pips in profit before triggering fixed pip TSL.
TimeBegin: Server time when order placement begins.
TimeEnd: Server time when order placement ends.
TimeDelete: Server time when unexecuted orders are deleted.
FirstTP: First take profit level in pips.
SecondTP: Second take profit level in pips.
ThirdTP: Third take profit level in pips.
MaximumRisk: Percentage of the account balance to risk per position.
DecreaseFactor: Lot size divisor (reducer) during a loss streak.
DeleteOrders: Delete pending stop orders if true.

Setting for Winning Strategy:

Currency Pair: GBP/USD
Time Frame: 1 Hour (H1)
Minimum Budget: $5,000
EnvTimeFrame: 60
EnvelopePeriod: 100
EnvMaMethod: 1
MaShift: 0
EnvelopeDeviation: 0.2
UseMaElineTSL: true
MaElineTSL: 0
BreakEvenTSL: true
BreakEvenPips: 3
FastMaTSL: true
FastMaPeriod: 50
FastMaMethod: 1
FastMaShift: 0
FixedPipTSL: true
FixedPipTSLPips: 10
FixedPipTSLTrigger: 5
TimeBegin: 0
TimeEnd: 16
TimeDelete: 22
FirstTP: 20.0
SecondTP: 35.0
ThirdTP: 50.0
MaximumRisk: 0.03
DecreaseFactor: 2
DeleteOrders: false

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