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bogie-macd_matrend-v1a Forex EA: Reliable Expert Advisor for Profit
Explore the capabilities of the bogie-macd_matrend-v1a Forex Robot, a powerful Expert Advisor designed for optimal trading results. This EA employs advanced algorithms to navigate the dynamic Forex market, ensuring consistent performance. Tested on popular platforms like LQDFX and FXOpen, it seamlessly adapts to various brokers for a versatile trading experience. Enhance your trading strategy with this reliable Forex EA, crafted for success in diverse market conditions.
bogie-macd_matrend-v1a.mq4 9.7 kb, 35 downloads since 2015-04-24
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The Bogie-MACD_MaTrend-v1 Expert Advisor:
The EA uses indicators like MACD and Moving Averages to make smart choices, so you don't have to guess when to enter or exit a trade.
How this EA works:
The EA keeps an eye on the market and looks for opportunities based on MACD and Moving Average trends. When it spots a potential winning trade, it'll either buy or sell, depending on the indicators and settings you choose.
Ready to set it up and start winning?
Follow these steps:
a. Download the mq4 file.
b. Install it in your MetaTrader 4 platform.
c. Set the adjustable parameters:
MiniAcct): Determines whether your trading account is a mini account (true) or a standard account (false), influencing lot size.
UseMM: Controls the use of Money Management. When set to true, the EA calculates lot size based on account free margin and risk percentage.
Risk: Sets the percentage of your account balance at risk per trade.
Lots: Specifies the size of the position you'll open for each trade.
TakeProfit: The price level at which the EA closes a trade to lock in profits.
StopLoss: The price level at which the EA closes a trade to limit losses. If set to 0, no fixed Stop Loss is used.
TrailingStop: An optional feature that adjusts the Stop Loss as the trade moves in your favor.
MACDOpenLevel: Threshold value for the MACD indicator, possibly triggering a buy trade.
MACDCloseLevel: Threshold value for closing a trade based on the MACD indicator.
MATrendPeriod: Influences the sensitivity of the Moving Average indicator in the EA's strategy.
MagicNumber: A unique identifier for trades opened by the EA, ensuring it manages its own trades effectively.
Suggested Settings for the Winning Strategy:
Mini Account (MiniAcct): false
Use Money Management (UseMM): true
Risk (Risk): 1.0
Lots (Lots): 0.1
Take Profit (TakeProfit): 17
Stop Loss (StopLoss): 0
Trailing Stop (TrailingStop): 0
MACD Open Level (MACDOpenLevel): 6
MACD Close Level (MACDCloseLevel): 46
MA Trend Period (MATrendPeriod): 8
Magic Number (MagicNumber): 12345
Currency Pair: Any (You can choose the currency pair you prefer to trade)
Time Frame: Any (You can select the time frame that suits your trading style)
Minimum Balance (Min. Bal): 1000 USD (This is the recommended minimum balance to use this EA effectively)
Winning Strategy Settings:
Buy: When MACD is below 0, MACD crosses above Signal, MACD was below the MACD Open Level, and Moving Average is rising.
Sell: When MACD is above 0, MACD crosses below Signal, MACD was above the MACD Open Level, and Moving Average is falling.
Take Profit and Stop Loss are set to your preference.
Trailing Stop is optional and can be used to protect your gains.
Remember that you can customize these settings based on your risk tolerance, trading preferences, and the specific market conditions you're trading in. Feel free to adjust them to align with your trading goals and strategy.
bogie-macd_matrend-v1a.mq4 9.7 kb, 8 downloads since 2023-11-21
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