SMC MaxMin at 1200 EA - Forex Robot for Optimal Trading Results

Enhance your trading experience with the SMC MaxMin at 1200 Expert Advisor (EA), a powerful Forex robot designed for consistent performance. This EA utilizes advanced algorithms to analyze market trends and execute trades with precision.

With its proven track record, the SMC MaxMin at 1200 EA demonstrates reliable results across various market conditions. The file extension, essential for seamless implementation, ensures easy setup on your MetaTrader 4 platform.

Tested on reputable brokers like LQDFX and FXOpen, this EA is versatile and compatible with any broker of your choice. Elevate your trading strategy with this efficient and dynamic Forex EA. Unlock the potential for sustained success in the Forex market today.

Also here is a backtest:

image backtest

its very good ea and see the backtest report..

Thanks for sharing the "SMC MaxMin at 1200 EA" with us. You say it's a very good tool, and you've even got a backtest report to prove it.

This EA seems to focus on finding the highest and lowest prices at 12:00. Knowing these levels at a specific time can help with trading decisions.

If anyone has used this EA or has any tips on how to use it effectively, please share. And if you've got backtest reports or pictures showing how well it works, that would be really helpful.

Share

Facebook Twitter Print Pinterest Gmail Email App

The SMC MaxMin at 1200 Expert Advisor

The SMC MaxMin at 1200 EA is a time-based strategy that aims to capture price movements during a specific hour of the trading day. It sets up pending orders, manages existing positions, and incorporates trailing stops to maximize potential profits while minimizing risk.

How this EA Works (Detailed Explanation):

The EA begins by conducting some essential checks to ensure it's ready to trade. It looks at the number of bars on the chart and verifies that the Take Profit level is set to a reasonable value.

The core strategy of this EA revolves around a specific trading hour, which is set at 15:00 (3:00 PM) in the platform's time. This is a crucial aspect of the strategy, as it focuses on a particular time window for trading opportunities.

Once the specified trading hour arrives, the EA takes action. It places Buy Stop and Sell Stop orders at calculated price levels based on the market's recent behavior.

For Buy Stop orders, it sets a level above the current price (HighPrice + a small buffer).

For Sell Stop orders, it sets a level below the current price (LowPrice - a small buffer).

This approach aims to catch potential upward or downward movements in the market by triggering

The EA also keeps an eye on any existing positions you might have. It checks for any open Buy or Sell orders and applies rules for managing these positions. For example, it adjusts the Stop Loss levels based on the market's movement to protect profits or minimize losses.

The EA incorporates trailing stops for both long (Buy) and short (Sell) positions. If the market moves in a favorable direction, it modifies the Stop Loss levels to lock in profits while allowing room for potential further gains.

To prevent overtrading or excessive risk-taking, the EA has built-in limitations. It ensures that only one order per symbol is active at any given time and checks for elapsed time since the last entry.

It checks your account's free margin to ensure you have sufficient funds to maintain your trading positions. This is a crucial risk management feature to prevent excessive losses.

The EA calculates the minimum price distance (MinDist) based on market conditions. It sets price levels for Buy Stop and Sell Stop orders that consider this minimum distance to prevent false triggers.

Setting Up the EA: To get started, follow these steps:

Download the mq4 file for SMC MaxMin at 1200.
Open your MetaTrader 4 platform.
Click on "File" -> "Open Data Folder" -> "MQL4" -> "Experts."
Copy the downloaded mq4 file into the "Experts" folder.
Restart your MetaTrader 4 platform.
You should see "SMC MaxMin at 1200" in your list of Expert Advisors.

Adjustable Parameters:

TakeProfit: The desired profit level in pips that the EA aims to achieve before closing a trade. (Default value: 500)
Lots: The trading volume or lot size for each trade. It determines the size of your positions. (Default value: 0.1)
InitialStop: The initial Stop Loss level in pips for managing risk. It helps limit potential losses if the market moves against your position. (Default value: 10)
TrailingStop: The distance in pips from the current market price where the EA starts trailing the Stop Loss to lock in profits. (Default value: 30)
SetHour: The specific trading hour (in the platform's time) when the EA activates and executes its trading strategy. (Default value: 15)

Here are the key settings you can tweak for your strategy:

Currency Pair: EUR/USD (or your preferred pair)
Minimal Balance: $1,000 (or an amount you're comfortable with)
Time Frame: 1-Hour (H1)

Share

Facebook Twitter Print Pinterest Gmail Email App