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FarhadCrab61 Forex EA - Proven Expert Advisor for Consistent Profits
Unlock the potential of your trading with FarhadCrab61.mq4, a powerful Forex robot designed to optimize your trading strategies. This Expert Advisor (EA) brings efficiency and precision to your trades, ensuring a seamless trading experience. Tested on popular platforms like LQDFX and FXOpen, this EA is versatile and compatible with any broker. Elevate your Forex journey with the FarhadCrab61.mq4 and witness the difference in your trading performance. Download now for enhanced trading success.
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Let's Dive into FarhadCrab61 EA!
FarhadCrab61 EA uses technical indicators like RSI and DeMarker to identify potential trading opportunities. It looks for specific conditions in the market, such as oversold or overbought levels, and recent price movements to decide when to buy or sell.
Setting Up FarhadCrab61 EA:
Download the "FarhadCrab61.mq4" file.
Open MT4 and go to 'File' > 'Open Data Folder.'
Navigate to the 'MQL4' folder and then the 'Experts' folder.
Copy the downloaded file into the 'Experts' folder.
Restart MT4.
You'll find FarhadCrab61 in the 'Navigator' panel.
Adjustable Parameters:
maxLoss: Maximum loss percentage you are willing to tolerate in your trading account. If your account reaches this loss percentage, the EA will take appropriate actions to protect your capital.
maxYield: The maximum desired yield percentage for your trades. It's recommended to keep this value below 10%.
lTakeProfit: Take profit level for long positions. When the EA detects a profitable long trade, it will aim to close it at this price point.
sTakeProfit: Take profit level for short positions. Similar to lTakeProfit, but for short trades.
takeProfit: A general take profit level for all positions. If set, this will be the default take profit value unless overridden by lTakeProfit or sTakeProfit.
pr: Take profit level specifically designed for sideways markets. This parameter allows you to set a take profit value when the market is not trending strongly.
stopLoss: The stop loss level for your trades. If set to a value greater than 0, the EA will use this as the stop loss for all positions.
magicEA: A unique identifier for the EA. This allows multiple instances of the EA with different input values to coexist in your MT4 platform.
lTrailingStop: Trailing stop level for long positions. Trailing stops help lock in profits as the price moves in your favor.
sTrailingStop: Trailing stop level for short positions. Similar to lTrailingStop, but for short trades.
clOpenBuy, clCloseBuy, clOpenSell, clCloseSell, clModiBuy, clModiSell: These parameters allow you to specify different colors for various positions. It's a visual aid for distinguishing between buy and sell trades.
Slippage: The maximum slippage allowed when executing orders. Slippage is the difference between the expected price and the actual executed price.
nameEA: A name for the EA to help you easily identify it among your other EAs. It's a user-friendly label for your convenience.
Winning Strategy Settings:
maxLoss: 100
maxYield: 0.1
lTakeProfit: 300
sTakeProfit: 300
takeProfit: 300
pr: 300
stopLoss: 0
magicEA: 124
lTrailingStop: 15
sTrailingStop: 15
clOpenBuy: Blue
clCloseBuy: Aqua
clOpenSell: Red
clCloseSell: Violet
clModiBuy: Blue
clModiSell: Red
Slippage: 3
nameEA: "FarhadCrab61.mq4"
Currency Pair: EURUSD Minimum Balance: $1000 Time Frame: 1 Minute (M1)
FarhadCrab61 excels on the EURUSD pair with a 1-minute time frame. It's designed for quick trades, making it ideal for active traders. Keep an eye on the RSI and DeMarker indicators for overbought and oversold conditions, and use the recommended take profit and stop loss settings.
FarhadCrab61 is your trading buddy to explore the forex market efficiently. Just set it up with the right parameters, and it'll help you take advantage of trading opportunities while managing your risk. Happy trading!
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