Gartley EA V101.mq4 - Proven Forex Robot for LQDFX and FXOpen

Unlock the potential of your trading with the Gartley EA V101.mq4 - a reliable Expert Advisor designed to optimize your Forex experience. This Forex Robot combines cutting-edge technology with tested strategies, ensuring consistent performance on brokers like LQDFX and FXOpen. Elevate your trading game with this powerful Forex EA.

Automate Your Trades with Gartley EA!

How Gartley EA Works:

The Gartley EA works by monitoring price movements and applying a set of rules to determine when to enter and exit trades. It uses a combination of technical indicators and conditions to make trading decisions. Here's a simplified explanation of its strategy:

Entry Settings: You can configure the EA's entry settings, including whether it should trade long or short positions.
Money Management: You can set the lot size for each trade and choose whether to apply risk management, such as a percentage of your account balance. There's also an option for martingale, a strategy that increases the lot size after losing trades.
Order Management: You can set parameters for stop-loss, take-profit, trailing stop, slippage, and a unique identifier (magic number) for the EA's orders.
Extras: Additional features include the ability to hedge trades (enter opposite positions), reverse the trading system (buy instead of sell and vice versa), and more.

To set up the Gartley EA, follow these steps:

Open MetaTrader and load the EA onto your chart.
Configure the EA's settings based on your trading preferences. Here are some suggested settings:

Entry Settings: Adjust based on your strategy.
Money Management: Set lot size, enable risk management, and specify a risk percentage.
Order Management: Set stop-loss, take-profit, trailing stop, and magic number.
Extras: Configure hedging and reversal options as needed.
Ensure that your account balance and leverage are suitable for the selected lot size and risk percentage.
Activate the EA, and it will start monitoring the market and executing trades based on your settings.

Here are the adjustable parameters for the Gartley EA:

TradeAsLongAs: Determines whether the EA should trade long positions.
Lots: Sets the lot size for each trade.
RiskMM: Enables or disables risk management.
RiskPercent: Specifies the risk percentage per trade.
Martingale: Enables or disables the martingale strategy.
Multiplier: Sets the multiplier for martingale.
MinLots: Defines the minimum lot size.
MaxLots: Specifies the maximum lot size.
StopLoss: Sets the stop-loss level.
TakeProfit: Specifies the take-profit level.
HideSL: Hides the stop-loss from the broker.
HideTP: Hides the take-profit from the broker.
TrailingProfit: Activates trailing stop after profit.
TrailingStop: Sets the trailing stop level.
TrailingStep: Defines the step for trailing stop.
BreakEven: Sets the break-even level.
MaxOrders: Limits the maximum allowed open orders.
Slippage: Specifies the acceptable slippage.
Magic: Unique identifier for EA's orders.
Hedge: Allows entering opposite trades.
HedgeSL: Sets stop-loss for hedged trades.
HedgeTP: Sets take-profit for hedged trades.
ReverseSystem: Switches between buy and sell.
Expiration: Sets the order expiration time.
Comments: Enables or disables comments on the chart.

Setting for Winning Strategy:

Currency Pair: EUR/USD
Time Frame: 1-hour (H1)
Minimum Budget: $5,000

Adjustable Parameters:

TradeAsLongAs: true
Lots: 0.1
RiskMM: true
RiskPercent: 2%
Martingale: false
MinLots: 0.01
MaxLots: 100
StopLoss: 50 pips
TakeProfit: 100 pips
HideSL: false
HideTP: false
TrailingProfit: 0 pips
TrailingStop: 30 pips
TrailingStep: 10 pips
BreakEven: 20 pips
MaxOrders: 5
Slippage: 3
Magic: 2009
Hedge: false
HedgeSL: 0 pips
HedgeTP: 0 pips
ReverseSystem: false
Expiration: 240 minutes
Comments: true

Please note that these settings are for illustrative purposes and should be thoroughly tested on a demo account before using them with real funds. Adjust the parameters based on your risk tolerance and trading strategy.

Share

Facebook Twitter Print Pinterest Gmail Email App