Print
Pinterest
Gmail
Email App
Pinterest
Pinterest
Pinterest
Pinterest
Pinterest
Pinterest
Pinterest
Pinterest
Log in or register to download unlimited Forex robots!
X_trader - MT4 Script Revision: Offline Functionality Added
DROP_RESISTANCE_SEGMENT_LINE_Rev1 and DROP_SUPPORT_SEGMENT_LINE_Rev1: Both scripts have been revised. With the new revision the scripts will work also when MT4 is not connected to server. The old version could only work when the platform was connected to server.
X_trader(1).mq4 5.02 kb, 33 downloads since 2014-09-29
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
DROP_RESISTANCE_SEGMENT_LINE_Rev1.mq4
DROP_RESISTANCE_SEGMENT_LINE_Rev1.mq4 1.83 kb, 20 downloads since 2014-09-29
DROP_SUPPORT_SEGMENT_LINE.mq4
DROP_SUPPORT_SEGMENT_LINE.mq4 1.66 kb, 21 downloads since 2014-09-29
DROP_SUPPORT_SEGMENT_LINE_Rev1.mq4
DROP_SUPPORT_SEGMENT_LINE_Rev1.mq4 1.77 kb, 21 downloads since 2014-09-29
About X_trader - MT4 EA:
X Trader primarily relies on two moving averages: Ma1 and Ma2. These indicators are the secret behind its strategy. When Ma1 and Ma2 align in a specific way, it triggers trade signals.
Here's what it looks for:
Buy Signal: When Ma1 is below Ma2 and both are moving upwards.
Sell Signal: When Ma1 is above Ma2, and both are moving downwards.
Adjustable Parameters:
You can tailor the EA to your preferences using these parameters:
Lots: Control your trade size to manage risk.
TakeProfit: Set your profit target in pips.
StopLoss: Determine your maximum loss in pips.
Ma1 and Ma2 Settings: Fine-tune these moving averages to match your unique trading style.
Are you wondering if X Trader is the right fit for you?
X Trader is your EA if you like simplicity, automation, and a straightforward moving average-based strategy.
DROP_RESISTANCE_SEGMENT_LINE_Rev1.mq4
is an Indicator
This Indicator draws a resistance line on your chart, making it easier for you to spot potential reversal points. Resistance levels are like barriers that the price struggles to break above. When you can spot these levels, you're better equipped to make strategic trading decisions.
How this Indicator Works:
The EA crunches numbers and analyzes price data to pinpoint the perfect resistance level.
Once identified, the EA draws a resistance line on your chart. It's like having a guiding light on your trading journey.
This line serves as a visual cue, helping you recognize crucial points where trends might reverse.
The core strategy of this EA revolves around resistance levels. When the price reaches these levels, it often faces resistance (hence the name). This resistance can lead to trend reversals or significant price movements.
You have control over several key settings:
Resistance_Color: Choose your preferred color for the resistance line.
Resistance_Width: Adjust the line's thickness according to your preference.
Resistance_length: Define the length of the resistance line.
Resistance_Ray: Decide if you want the line to behave like a "ray" or a "segment."
This EA is perfect for traders who appreciate a visual approach to trading and want to focus on resistance levels.
DROP_SUPPORT_SEGMENT_LINE.mq4
Is an Indicator:
This EA is drawing support lines on your MetaTrader 4 charts. Now, what's a support line, you ask? When the price of a currency pair approaches this line, it often bounces back up. So, this EA draws support lines for you to spot potential trading opportunities.
The Adjustable Parameters:
Support_Color: Choose the color of your support line. Make it your style!
Support_Width: Adjust the line thickness from thin to thick (1 to 5).
Support_length: Determine how far back the support line extends.
Support_Ray: Decide if you want the line to go on forever ("true") or not ("false").
This EA works wonders with a specific strategy in mind. It's ideal for traders who love the "bounce-back" approach.
Now, here's why are the Support lines so valuable:
Support lines help you spot potential reversal points in the price of a currency pair. When the price approaches or touches a support line, it often signifies a level where buyers are willing to step in and push the price back up. This can be a great signal for you to enter a trade, anticipating a price bounce.
Knowing where support lines are located allows you to set stop-loss orders strategically. Placing your stop-loss just below a strong support line can help protect your trading capital. If the price breaks through the support line, it may signal a trend reversal, and you'll be out of the trade with minimized losses.
Support lines provide clear entry and exit points for your trades. You can enter a trade when the price touches or bounces off a support line, and you can consider exiting when it approaches a resistance line (the opposite of support) or when you've achieved your desired profit.
Support lines are like a second opinion. When you combine them with other technical analysis tools and indicators, you can increase your confidence in a trading decision. If multiple indicators align with a support line, it strengthens the case for a trade.
Psychological Levels: Support lines often correspond to psychological price levels, such as round numbers or historical lows. These levels can have a significant impact on market sentiment and trader behavior, making them important reference points.
Trend Analysis: Support lines are essential for trend analysis. They help you identify whether a currency pair is in an uptrend, downtrend, or ranging. Recognizing the overall trend can guide your trading strategy.
So, in a nutshell, knowing and using support lines can help you make informed and strategic trading decisions, manage risk effectively, and increase your chances of success in the Forex market. They're a valuable tool for traders looking to navigate the complex world of currency trading with confidence.
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.