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Move Cross EA
This is working very nice way i love it very much here is the image which shown you the process of work..
move_cross.mq4 26.88 kb, 43 downloads since 2014-10-03
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Here's a breakdown of its strategy:
1. Money Management: The EA provides options for money management, allowing you to control the risk level by specifying the percentage of your equity you're willing to risk per trade. You can also set the lot size, but it's recommended to trade with a fraction of your capital to manage margin efficiently.
2. Technical Indicators: It uses the RAVI (Relative Adaptive Variance Index) indicator with specific parameters and moving averages on different timeframes (H1 and D1) to determine market trends.
3. Entry Conditions: For buying (long) trades, it evaluates multiple conditions, such as RAVI values, price levels relative to certain moving averages, and candlestick patterns. When these conditions align positively, a buy trade is triggered.
4. Exit Conditions: While there are no specific exit rules mentioned, the EA appears to rely on predefined stop loss and take profit levels for trade management.
5. Timeframe and Pairs: The strategy seems to be designed for multiple currency pairs and works on the H1 and D1 timeframes. The choice of currency pairs and timeframes can be configured based on your preferences.
6. Trailing Stop: The EA also offers a trailing stop feature, which can be enabled or disabled. This can help lock in profits as the trade moves in your favor.
Settings:
- You can choose between mini and standard accounts, adjusting your trading approach accordingly.
- Various risk management options are available to control the percentage of your equity at risk, lot sizes, and maximum allowed lots.
- Stop loss and take profit levels can be set based on your risk tolerance and trading preferences.
- Slippage is considered in the trading process to accommodate different execution conditions with various brokers.
move_cross.mq4 26.88 kb, 4 downloads since 2023-11-07
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