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Bogie V9 Pivot Expert Advisor (EA) for MT4 – Forex Robot
Enhance your trading experience with the Bogie V9 Pivot EA, a powerful and versatile Expert Advisor designed for the MT4 platform. This Forex Robot is equipped with advanced features to optimize your trading strategy, offering increased precision and efficiency.
Utilize the Bogie V9 Pivot.mq4 to automate your trades, making informed decisions based on its robust algorithms. This EA has been rigorously tested on platforms like LQDFX and FXOpen, ensuring compatibility with a wide range of brokers.
Experience the benefits of a reliable Expert Advisor, streamlining your Forex trading process and maximizing your potential for profit. Download Bogie V9 Pivot today and take your trading to new heights.
bogie v9-pivot.mq4 6.94 kb, 44 downloads since 2015-04-27
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This EA appears to employ an interesting approach, and here's my breakdown:
Money Management (MM): This EA gives traders the flexibility to manage their risk using MM. It calculates the lot size based on your risk percentage, making it a handy tool to safeguard your account balance.
Pivot Calculation: The EA seems to focus on pivot levels derived from the previous day's high, low, close, and the current day's open. These pivot levels can serve as critical support and resistance zones, which is a fundamental concept in technical analysis.
Trade Trigger: Based on the pivot levels and the gap between the open and pivot, the EA triggers either a buy or sell signal. This strategy can help traders take advantage of potential price movements early in the trading day.
Take Profit and Stop Loss: The EA sets a dynamic take profit level, fine-tuning it according to the entry point. Also, you have the option to use a stop loss for risk management. This combination can help secure profits and limit potential losses.
Trailing Stop: Traders using this EA can employ a trailing stop feature to lock in profits as the trade moves in their favor. It's an excellent way to capture gains while minimizing risk.
Flexible Starting Times: The EA allows you to specify the trading start time. This adaptability can be particularly useful for traders in different time zones or those who prefer specific trading hours.
Overall, this EA introduces a well-rounded strategy with risk management, pivot-based trading, and features to maximize profits. While I haven't reviewed the code itself, the concept behind it seems promising.
In Forex trading, the strategy is a crucial part of success, and this EA offers a structured approach.
bogie v9-pivot.mq4 6.94 kb, file has never been downloaded.
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