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burg Extrapolator
This Trading Robot Does not open trades on all currrency pairs at a times. It Trades only one or two currency pairs. While most of the trades reach profits in few minutes, some trades take a maximum of three days. But it definitely reaches Profits. No trade will close in loss unless closed manually.
Burg_Extrapolator.mq4 8.83 kb, 42 downloads since 2017-05-19
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Here's the Burg Extrapolator EA:
https://mt4talk.com/viewtopic.php?pid=43620#p43620
The EA is predicting future price movements. It looks back at historical price data to understand how prices have been moving. Then, it uses that information to make educated guesses about where prices might go in the future. When it sees a good opportunity, it suggests whether you should buy (go long) or sell (go short).
How this EA Works:
It gathers data from the past (you can choose how much) to understand price patterns.
Using this data, it makes predictions about future prices.
Based on these predictions, it recommends when to buy (go long) or sell (go short).
It can also set Stop Loss and Take Profit levels to manage risk.
If prices move favorably, it can adjust the Stop Loss to lock in profits.
The EA uses advanced math to make predictions, which can help you make informed trading decisions.
You can set parameters like MaxRisk, MaxLoss, TakeProfit, and StopLoss to control your risk. This helps you protect your investment and avoid big losses.
The EA can even adjust your Stop Loss as prices move in your favor.
You can tweak the settings to match your trading style. Want more risk or less risk? You got it.
Adjustable Parameters (Settings):
MaxRisk: This lets you decide how much of your account you're willing to risk on each trade. It's like setting your risk tolerance.
ntmax: This controls the maximum number of trades you can have in one direction. Think of it as a limit to avoid going all in.
MinProfit: It tells the EA to open a trade only if it predicts a minimum profit. You set the profit threshold.
MaxLoss: This sets the maximum loss you're willing to accept before the EA closes a trade.
TakeProfit: You can set a target for your profit. When the EA sees that your profit reaches this level, it'll close the trade.
StopLoss: This sets a limit on how much you're willing to lose on a trade. If prices move against you, it'll protect your investment.
TrailingStop: This feature adjusts your Stop Loss as prices move in your favor. It's like locking in your gains as prices go up.
PastBars: This decides how much historical price data the EA looks at. It's like choosing how far back in time you want to see.
ModelOrder: You can adjust this to fine-tune the prediction model. It's like adjusting the focus on your camera for a clearer picture.
UseMOM and UseROC: These options let you enable or disable specific prediction methods.
In my opinion, the EA is a handy tool for traders who want to take the guesswork out of forex trading. It simplifies complex analysis and gives you clear signals. Plus, it allows you to manage risk and customize it to your liking. Just remember, like any tool, it's most effective when used wisely and in combination with good trading practices.
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