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Powerful Forex Robot - ft_fb_combined1.1-2.mq4 | Expert Advisor (EA)
Unlock the potential of your trading with the ft_fb_combined1.1-2.mq4 Expert Advisor (EA), a cutting-edge Forex robot designed for optimal performance. This EA boasts advanced algorithms and strategic features, ensuring precise and efficient trading in the dynamic Forex market. Tested on renowned brokers like LQDFX and FXOpen, it seamlessly adapts to any broker, offering versatility and reliability. Elevate your trading experience with this powerful Forex EA, tailored for success.
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This EA is particularly good at identifying trends and making trades accordingly. Of course, it's essential to use proper risk management and not solely rely on any EA for trading decisions.
ft_fb_combined1.1-2.mq4
This EA makes your life easier in the forex world. It's all about buying low and selling high or selling high and buying low—simple, right? This EA analyzes market trends and executes trades automatically based on its insights.
How this EA works:
When you activate the EA, it monitors the market in real-time. If it spots a promising opportunity, it will place a trade for you, either a Buy (long) or Sell (short) position, depending on market conditions. It takes care of setting stop-loss, take-profit, and trailing stop levels to help manage your risks.
Setting Up Your EA:
Download the mq4 file: Simply download the ft_fb_combined1.1-2.mq4 file.
Set up your MetaTrader 4: Make sure you have MetaTrader 4 (MT4) installed on your computer.
Add the EA to your chart: Drag and drop the mq4 file onto your MT4 chart.
Configure your settings:
Customize the EA settings to your preference using these parameters:
Lots: This parameter represents the trading position size. It determines the number of lots you want to trade, controlling the capital you invest in each trade.
TakeProfit: TakeProfit is the target profit level in pips. Once a trade reaches this profit level, the EA will automatically close it to secure your gains.
StopLoss: StopLoss sets the maximum acceptable loss in pips. If the trade moves against you and reaches this level, the EA will close it to limit losses and protect your capital.
TrailingStop: TrailingStop is an advanced feature that allows you to set a dynamic stop-loss level. It moves the stop-loss as the trade moves in your favor, locking in profits.
TP (Take Profit): TP is a true/false option. When set to "true," it activates the take-profit feature, allowing the EA to automatically close the trade at the specified TakeProfit level.
TS (Trailing Stop): TS is another true/false option. When set to "true," it enables the trailing stop feature, which adjusts the stop-loss level as the trade moves in your favor.
Shave: Shave is an adjustment that fine-tunes your trade entry point, allowing for a more precise entry into the market.
Slippage: Slippage accounts for potential price discrepancies between order placement and execution. Setting a reasonable slippage level helps avoid unexpected price differences.
ProfitMade: ProfitMade sets the target profit level in pips for the EA to close a trade. When the trade reaches this profit, the EA will automatically close it to secure profits.
Scenario for Small Balance:
Balance: $500
Timeframe: 1-hour (H1)
Currency Pair: EUR/USD
Lots: 0.01
TakeProfit: 10 pips
StopLoss: 10 pips
TrailingStop: 5 pips
TP (Take Profit): true
TS (Trailing Stop): true
Shave: 2
Slippage: 1
ProfitMade: 5 pips
Scenario for Moderate Balance:
Balance: $1,000
Timeframe: 4-hour (H4)
Currency Pair: GBP/USD
Lots: 0.1
TakeProfit: 20 pips
StopLoss: 15 pips
TrailingStop: 10 pips
TP (Take Profit): true
TS (Trailing Stop): true
Shave: 3
Slippage: 2
ProfitMade: 10 pips
Scenario for Larger Balance:
Balance: $5,000
Timeframe: 1-day (D1)
Currency Pair: USD/JPY
Lots: 0.5
TakeProfit: 50 pips
StopLoss: 30 pips
TrailingStop: 20 pips
TP (Take Profit): true
TS (Trailing Stop): true
Shave: 5
Slippage: 3
ProfitMade: 20 pips
These settings offer a range of options based on your balance and risk tolerance. Feel free to adjust them further to align with your trading strategy and goals.
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