Print
Pinterest
Gmail
Email App
Pinterest
Pinterest
Log in or register to download unlimited Forex robots!
Powerful Forex Robot - gbesstillwellatrpips5.mq4 - Boost Your Trading
Unlock the full potential of your trading with this Expert Advisor (EA) - gbesstillwellatrpips5.mq4. Experience the efficiency of automated trading and let this Forex Robot enhance your strategy. Compatible with popular brokers like LQDFX and FXOpen, it seamlessly adapts to any broker, ensuring flexibility in your trading choices. Elevate your trading game with this reliable EA. Download now for optimized performance and take a step closer to achieving your trading goals.
gbesstillwellatrpips5.mq4 23.22 kb, 32 downloads since 2015-04-30
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
Since this post is from a while back, I'd love to hear from others who have tried this EA more recently. How's it been performing for you? Any tips or tweaks you've discovered? Sharing our experiences can help us all improve our trading strategies.
gbesstillwellatrpips5.mq4
This EA offers two trading routines, one for buying (long) and one for selling (short). The EA uses technical indicators like RSX (Relative Strength Index) and JMA (Jurik Moving Average) to make trading decisions. It focuses on trends and aims to open and manage trades efficiently.
The EA operates by following these steps:
It checks the current market conditions and trends using technical indicators like RSX and JMA.
Based on these indicators, the EA decides whether to go long (buy) or short (sell).
The EA calculates lot sizes for trades based on your risk settings, account size, and market volatility.
It monitors open trades and adjusts stop-loss and take-profit levels to maximize profits and minimize losses.
The EA can open multiple orders, with the option to increase lot sizes as the trend continues.
Getting Started:
Download the EA: Get the mq4 file.
Setting Up: Install the EA in your MetaTrader 4 platform.
Start Trading: Activate the EA on your preferred currency pair and timeframe.
Adjustable Parameters:
Now, let's talk about those settings you can tweak to tailor the EA to your strategy:
For Both Buy and Sell Orders:
LotSize: The initial lot size for your first order.
LotsIncreaseBy: Determines how much each new order's lot size increases.
UseMoneyMgmt: Enable this for lot size adjustment based on account size.
EquityProtectionLevel: Minimum equity to protect your account.
MaxLossPerOrder: Maximum loss tolerance per order.
TargetEquityToCloseAndReset: When to close and reset all orders.
RiskPercent: The risk percentage for calculating lot sizes.
VolatilityBasedSizing: Adjust lot sizes based on market volatility.
VolatilityBasedPipSpacing: Adapt pip spacing according to market volatility.
VolatilityBasedTakeProfitFactor: Adjust take profit based on market volatility.
LotFactor: Multiplier for lot size calculations.
RSX_Period: Period for RSX indicator.
RSX_Timeframe: Timeframe for RSX indicator.
For Buy (Long) Orders:
LongTakeProfit: Desired profit target for long orders.
LongInitialStop: Initial stop loss for long orders.
LongTrailingStop: Pips to trail the stop loss.
LongMaxTrades: Maximum number of open long orders.
LongPips: Distance in pips between orders.
LongSecureProfit: Close orders if profit exceeds this amount.
LongAccountProtection: Enable account protection for long orders.
LongOrderstoProtect: Number of open orders required to enable account protection.
For Sell (Short) Orders:
ShortTakeProfit: Desired profit target for short orders.
ShortInitialStop: Initial stop loss for short orders.
ShortTrailingStop: Pips to trail the stop loss.
ShortMaxTrades: Maximum number of open short orders.
ShortPips: Distance in pips between short orders.
ShortSecureProfit: Close orders if profit exceeds this amount.
ShortAccountProtection: Enable account protection for short orders.
ShortOrderstoProtect: Number of open orders required to enable account protection.
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.