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AccountSentry (ProfitTarget) Forex EA - Expert Advisor for MT4
Discover the power of AccountSentry (ProfitTarget), a versatile Forex EA designed for MetaTrader 4. This expert advisor (EA) provides automated trading solutions, optimizing your trading experience. Tested on brokers like LQDFX and FXOpen, this Forex robot ensures reliability across various platforms. Elevate your trading strategies with AccountSentry (ProfitTarget). Download the file: accountsentry(profittarget).mq4 and unlock new possibilities in your Forex journey.
accountsentry(profittarget).mq4 10.21 kb, 34 downloads since 2015-04-24
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Strategy Overview:
The provided EA seems to focus on risk management, account protection, and profit-taking. It's designed to ensure that your trading account remains within safe boundaries, and it does so through a set of customizable parameters. Here's a breakdown of its key components:
1. Equity Protection: This EA enables you to set an Equity Protection Percentage. It acts as a safety net for your account, ensuring that your equity doesn't drop below a specified threshold.
2. Profit Target: It's always crucial to have a profit target in your trading strategy. This EA allows you to set a Profit Target. Once your trading gains reach this target, the EA will halt trading to secure your profits.
3. Loss Mitigation: Losses are an inevitable part of trading, but this EA comes with a Loss Mitigation feature. You can set a maximum allowable loss, and the EA will cease trading if this level is reached.
4. Equity Breach Alerts: To keep you informed, the EA offers Equity Breach Alerts. You can opt to receive alerts if your equity protection is breached.
5. Customizability: The EA's parameters are highly customizable, giving you the flexibility to tailor it to your specific trading needs.
My Recommended Settings: Based on the EA's capabilities, here's a recommended approach:
Equity Protection Percentage: Start with a conservative setting around 70%. This should safeguard your account while allowing room for growth.
Profit Target: Consider setting a moderate profit target like 30 pips. This helps in locking in profits without being too aggressive.
Loss Mitigation: -300 pips is a prudent level to mitigate potential losses. It ensures that you don't expose your account to excessive risk.
Equity Breach Alerts: Enable this feature to stay informed about your account's health.
Remember that these are just starting points.
accountsentry(profittarget).mq4 10.21 kb, file has never been downloaded.
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