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Bogie v9 Pivot 2 Forex EA - Proven Expert Advisor for Reliable Trading
Experience the power of the Bogie v9 Pivot 2 Forex Robot, a robust Expert Advisor (EA) designed for consistent and reliable trading. This EA, coded as "Bogie+v9-pivot-2.mq4," has been thoroughly tested on popular platforms like LQDFX and FXOpen, ensuring compatibility with various brokers. Elevate your trading strategy with this advanced Forex EA that adapts seamlessly to changing market conditions. Download now for optimized trading performance and take control of your trading journey.
bogi+v9.mq4 1.49 kb, 55 downloads since 2015-04-24
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About Bogie v9 Pivot 2 Forex EA
https://mt4talk.com/misc.php?action=pun … download=1
Its job is straightforward - it looks at all your open trades in the Forex market and identifies which ones are making money. The moment it finds a trade that's in profit, it steps in and closes it. This way, it locks in your gains before the market can turn against you.
How this EA works:
Scans all your open trades.
Identifies the winning positions - those trades where your gains are above zero.
If it spots a buy order in profit, it checks the current bid price.
For profitable sell orders, it looks at the ask price.
Closes these profitable positions at the current market rate.
Uses a minimal slippage of 3 to ensure efficient execution.
If it encounters any issues during closure, it refreshes rates and tries again.
Continuously works in the background, so you don't miss out on locking in profits.
Prints any errors in the log, keeping you informed.
Benefits of the EA:
The biggest perk is how it automates taking profits. You don't need to constantly monitor your trades; this EA does it for you.
It takes the emotion out of trading. Sometimes, we might hold onto a winning trade for too long, hoping for more profit, only to see it turn into a loss. This EA eliminates that risk.
Saves you a ton of time. You can focus on other things while the EA manages your current trades.
It's a no-fuss, efficient tool. Especially great if you're not into complex trading strategies or EAs with tons of settings.
Adjustable Parameters:
Slippage: This is the only thing you can tweak in this EA. Slippage is about how much you're willing to accept a worse price than the one you're aiming for when closing a trade. In fast-moving markets, prices can change quickly. By setting the slippage (like 3 pips, for example), you're telling the EA the range of price movement you're okay with for executing your profit-taking. It's a balance between ensuring the trade gets closed and not accepting a price that's too far off from what you want.
In my opinion, this EA is a great tool for traders who want to make sure they're consistently taking profits without the need to constantly watch the markets. It's straightforward, focuses on doing one thing really well, and is ideal for both beginners and those who prefer a more hands-off approach to their trading strategy.
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